Central Eurasia Venture Summit 2024

In a landmark event supported by Future Laboratory, ITU, USAID Central Asia, and USAID/Georgia, the Central Eurasia Venture Summit 2024 unfolded in Georgia, marking a pivotal moment in the region's investment landscape. Bringing together over 30 venture capital (VC) funds and angel investors, the summit served as a catalyst for nurturing the burgeoning VC market across Central Eurasia.

The summit's significance lay in its emphasis on collaboration and local empowerment within the VC ecosystem. Participants deliberated on key strategies aimed at enhancing venture capital availability, including the establishment of a regional fund of funds and the prioritization of local VC managers over foreign counterparts. This shift underscores a growing recognition of the untapped potential within the region and the importance of harnessing indigenous talent and resources.

Among the critical discussions at the summit was the imperative to foster regional cooperation among funds through deal sharing and syndication. This collaborative approach not only strengthens the investment landscape but also promotes the region as an attractive destination for venture capital.

Furthermore, the summit underscored the need to provide startups with the necessary tools and support to accurately assess their value. By doing so, the region aims to foster a culture of innovation while reducing the prevalence of copycat ventures.

A significant outcome of the summit was the agreement among VC funds and Angel Networks to utilize a joint platform for deal sharing and syndicating deals. This platform not only streamlines the investment process but also serves as a powerful tool for promoting the region's investment potential on a global scale.

Beyond the strategic discussions, the summit provided ample opportunities for networking and forging new collaborations, all against the backdrop of Georgian hospitality. This spirit of camaraderie and cooperation bodes well for the future of investment in Central Eurasia.

In conclusion, the Central Eurasia Venture Summit 2024 has laid the groundwork for a dynamic and inclusive investment landscape in the region. By fostering collaboration, empowering local talent, and promoting innovation, the summit sets the stage for sustained growth and prosperity across Central Eurasia.