New investment tools to be created in Azerbaijan

Mammad Karim, head of the venture fund Caucasus Ventures, has said new legislative acts currently under development will lead to the creation of alternative investment tools.

"Certain support packages are envisaged for investors. There is a tool for attracting mass investments, and it is planned to be introduced in Azerbaijan,” Report quotes him as saying.

Karim said alternative investment tools, along with venture capital funds, will create conditions for business angels to support startups.