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With a capital exceeding 280 million dinars.. Approval of a university fund for innovation and startups

October 5, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
With a capital exceeding 280 million dinars.. Approval of a university fund for innovation and startups

The Committee for Organizing and Monitoring Stock Exchange Operations (COSOB) granted approval for the establishment of a collective investment fund with risk capital (FCPR) under the name 'University Fund for Innovation and Startups', with proposed initial assets amounting to 280,354,200 Algerian dinars. This step aims to enhance financing for companies and innovative projects linked to the university, scientific, technological, and entrepreneurial ecosystem in Algeria. The approval was granted during a meeting of the Committee for Organizing and Monitoring Stock Exchange Operations held on September 29, 2026, in accordance with the provisions of system No. 24-02 dated October 23, 2024, related to collective investment bodies with risk capital (OPCR), which regulates this type of investment bodies.

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