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Open Talk with the head of Damu Foundation

The meeting of young entrepreneurs with the head of Damu Entrepreneurship Development Fund in Aktobe city, Berik Nurgaliyev took place today at the startup academy of Zhubanov University.

Berik Raisovich told the meeting participants about Damu Foundation. “The Damu Entrepreneurship Development Fund” was established in 1997 in

accordance with a decree of the Government of the Republic of Kazakhstan. The mission of the Foundation is to play an active role in the sustainable development of micro, small and medium enterprises in the country through the implementation of comprehensive and effective support tools, ” said the director.

He also spoke about four main tools for supporting small and medium-sized businesses. These are financing through conditional placement of funds, loan guarantees, subsidized interest rates and training.

For young startups were presented the programs of mass entrepreneurship “Enbek” and “Business Road Map-2020”. Berik Nurgaliyev explained in detail each program and explained the conditions for participation in them. “The most important thing is a good project idea. Next, you need to analyze a niche for the implementation of your idea. And you need to remember a great responsibility,” advised the speaker.

Students asked their questions about the nuances of business lending, collateral, subsidies, to which they received exhaustive answers. Berik Nurgaliyev also told the meeting participants success stories of young entrepreneurs in Aktobe city.

Inspired by the stories about the implemented business projects, the future entrepreneurs thanked the guest for useful information.

Translation by Akbota Ormanbekova