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Russian-Kyrgyz Development Fund looking for partners to enter into capital

The Russian-Kyrgyz Development Fund is looking for partner companies to enter into capital. The press service of the fund reported.

Companies with a business project from $ 500,000 to $ 6 million, working in agriculture, light industry, machine-building, chemical and food industries, IT sector are invited to participate in the competition.

Regional production enterprises focused on export and import substitution will have an advantage.

The term of RKDF participation in an enterprise is up to seven years. The amount of the project includes own contribution of the initiator or co-investor in the amount of at least 25 percent of the total cost. Financing from RKDF will be directed to purchase of equipment, machinery for modernization and expansion of the existing or creation of new production and performance of construction and installation works.

The application for the competition deadline is October 1.