Tigran Sargsyan announces the launch of the Digital Project Competition by the EDB Fund for Digital Initiatives during the Digital Bridge 2023 Forum
Astana, 12 October 2023. Tigran Sargsyan, Vice Chairman of the Eurasian Development Bank’s (EDB) Management Board, took part in a panel session of the Digital Bridge 2023 Forum in Astana. The session was organised by BGlobal Ventures, in collaboration with QIC and with support from Kazakhstan's Ministry of Digital Development, Innovation and Aerospace Industry. The discussions focused on the prospects for institutional investors’ collaboration in developing the regional venture capital market.
During his presentation, Tigran Sargsyan spoke about the EDB Fund for Digital Initiatives, its successful digital integration projects such as the ADFIAP-awarded COVID-19-Free Travel app and the Work in the EAEU app, which has no analogues globally, key operational areas and main financing instruments.
In conclusion, he announced the launch of the next Digital Project Competition by the EDB Fund for Digital Initiatives and invited digital companies from Kazakhstan and other EDB countries to actively participate in this initiative.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
The EDB Fund for Digital Initiatives, which is supervised by Tigran Sargsyan, Vice Chairman of the EDB Management Board, was established in June 2020. Its objective is to assist the EDB member states in creating digital transformation tools and practices by integrating their information resources and participating in developing and financing projects. The Fund’s flagship project is the COVID-19-Free Travel mobile app used in nine CIS countries.
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