The Chamber of Entrepreneurs of Almaty and New Ventures signed a memorandum of cooperation

The Chamber of Entrepreneurs "Atameken" of Almaty and the New Ventures division of the international company inDrive have signed a memorandum of cooperation. Its goal is to help local entrepreneurs find investments and enter foreign markets.

As part of the cooperation, businessmen from Almaty will be able to apply for investments from New Ventures. The Chamber of Entrepreneurs will take on the role of coordinator in the negotiation process for the investment program between New Ventures and representatives of local businesses.

New Ventures will conduct a selection among companies with the aim of investing in them or potential acquisition. The company will also assist entrepreneurs in entering foreign markets and finding other investors.

Key parameters of companies that may be eligible for funding:

1. Local companies operating in Kazakhstan that want to enter the international market
2. Post-seed stage
3. Showing growth >3x compared to the previous year
4. Having a high LTV/CAC ratio
5. Socially significant projects aligned with inDrive's mission
6. Easy to scale, requiring minimal capital investment during international expansion.

Source: almaty.atameken.kz