The purpose of the draft law is to improve the investment climate of the country
In the first reading, the draft law concerning venture financing was reviewed by the Committee on Science, Education, Innovative Development, and Information Technologies, as well as Culture, Sports, and Youth Affairs of the Jogorku Kenesh.
Deputy Director of the National Investment Agency under the President, Zhalyn Zheanaliev, emphasized that this initiative aims to create more favorable conditions for attracting venture investments, especially in startups and innovative enterprises.
The draft law proposes to introduce terms such as "venture financing," "venture investor," "venture manager," "venture fund," "business angel," "startup," "option agreement," and "option pool."
During the discussion, Deputy Bolot Saginayev focused on methods to stimulate venture investments in startups and the need to regulate the activities of venture funds.
Deputy Saltanat Amanova raised questions regarding the specifics of venture financing, as well as the minimum and maximum amounts of the authorized capital of venture funds.
Deputy Gulsharkan Kultaeva also asked questions about the requirements for organizing and regulating the work of venture funds.
After the discussion and voting, the draft law was approved by the committee.
