Cisco Company starts its new activity - investment activity. During the press conference in Moscow, dedicated to the mentioned event, it was declared the beginning of the venture financing program. It should be mentioned that Cisco won't make the direct investments but will make them via "'Almaz Capital / Cisco Fund I'" fund created jointly by Cisco and Almaz Capital Partners. Presently, fund's stock of capital is $60 million. Fund's means will be mainly invested to small and middle businesses that have a large growth potential in the fields of hi-tech, media and telecommunication.
Mr. Robert Agee, Vice-President of Cisco Systems CIS countries, has noted that the main goal of the fund is to increase capitalization of companies on average $0.5-1 billion. That's why it will be taken into account a lot of factors during selection of companies to be invested. He stated that being a member of Consulting Council of the Fund he would surely advice to pay a great attention to Azerbaijan because of country's high ICT potential. As an example, he has outlined the project directed towards creation of innovations zone in Azerbaijan where hi-tech products would be assembled.
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