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النهار أونلاين
COSOB introduces university startup fund
The Stock Exchange Operations Regulation and Supervision Committee ("Kousoub") has approved the establishment of a venture capital fund called "The University Fund for Innovation and Startups." The aim is to finance companies and emerging projects connected to the academic system. The initial capital of the fund amounts to 280,354,200 Algerian Dinar, with a focus on investing in sectors such as digitization, artificial intelligence, healthcare, biotechnology, agriculture, energy, and the environment. The fund's goal is to support the growth of startups and transform scientific research results into investments and expansion opportunities, managed by the financial investment company of the University of Algiers 3. It is the second fund to receive approval within this framework, reflecting the increasing interest in financing promising institutions within the university sector.
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