On October 10, 2024, within the framework of the "InMerge" Innovation Summit, "Azerbaijan Investment Company" OJSC, Innovation and Digital Development Agency, “Pasha Innovation” and Turkish "DSM Grup Darışmanlık İletişim ve Satış Ticaret" Company  signed a Shareholder Agreement for the establishment of the "INMerge" venture fund (IVF) worth 4 million US dollars to invest in startup projects in the South Caucasus, Central Asia, Central and Eastern Europe, as well as in the Middle East and North Africa regions.

IVF will aim at supporting entrepreneurial activity by investing in startups in the early stage of  development ("seed" and "pre-seed") and main fields of activity of which are "SaaS", "FinTech", "AI", "DeepTech", "AgriTech", "EdTech" and at stimulating economic growth in developing countries.  

IVF will finance start-ups created by citizens of these countries, regardless of the location of activity. The investment amount for a startup is likely to vary between USD 25,000 - 200,000, and the average investment amount is USD 75,000 - 80,000. The Fund plans to invest in 10-12 startups every year during the first 3-4 years.

The authorized capital of the Fund will be USD 4 million, and this amount is planned to be raised from institutional investors ("Azerbaijan Investment Company" OJSC – USD 1 million, "Pasha Innovation" LLC - USD 1 million, "Innovation and Digital Development Agency" Public Legal Entity - USD 1 million and "DSM Grup Consultancy İletişim ve Satish Ticaret Anonim Şirketi" - USD 1 million).