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The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) has announced an important development in the creation of new financing mechanisms dedicated to innovation and emerging companies in Algeria.

During its meeting on September 29, 2026, COSOB approved the creation of a Venture Capital Mutual Fund (FCPR) dedicated to investing in startups and innovative companies emerging from the university ecosystem.

A Fund with More Than 280 Million Dinars in Capital

Named the “University Fund for Innovation and Emerging Enterprises,” the fund has an initial capital of DZD 280,354,200. Its creation comes within the framework of COSOB Regulation No. 24-02 of October 23, 2024, relating to venture capital collective investment organizations (OPCRs).

The objective is to establish a new financial instrument capable of mobilizing capital for innovative companies and projects with significant growth potential.

Which Companies Will Benefit from the Fund?

• The fund will primarily target startups, innovative companies, and emerging projects connected to the university and scientific ecosystem.
• The targeted sectors are broad and notably include:
• Digital transformation and artificial intelligence;
• Healthcare and biotechnology;
• Agri-food and food industries;
• Energy and the environment;
• Industry and materials;
• Logistics;
• Technology services;
• As well as other fields related to scientific and technological innovation.

The ambition is to support high-potential projects and help them move from innovation to market entry, and then toward growth and investment.

A Fund Managed by a University Investment Company

The fund will be managed by the Financial Investment Company of the University of Algiers 3 (SIF-UA3).

Established as a joint-stock company (SPA), the company operates under the higher education and scientific research sector. Its headquarters are located at 11, Rue Docteur Doudou Mokhtar, Ben Aknoun, Algiers.

The involvement of the university ecosystem is a central element of the initiative, as the fund aims specifically to bring together research, innovation, entrepreneurship, and financing.

Why Is This Fund Important for the Startup Ecosystem?

One of the main challenges facing startups and innovative companies remains access to financing, particularly when they seek to move from the development phase to commercialization and growth.

The new fund addresses this challenge by introducing a venture capital financing mechanism designed to support companies with significant development potential.

The objective is therefore not only to finance the creation of new companies, but also to contribute to their growth, development, and scaling.

A New Step Toward Diversifying Financing Sources

The creation of this FCPR is part of the broader evolution of Algeria’s financial ecosystem and the search for new solutions to finance innovative companies.

According to COSOB, this initiative contributes to:

Developing the regulatory and institutional framework for alternative financing;

Strengthening the use of venture capital as a financing tool;

Facilitating innovative companies’ access to capital;

Supporting high-potential projects;

And promoting the transformation of research and innovation outcomes into viable economic projects.

Key Takeaway

With an initial capital of DZD 280.35 million, the “University Fund for Innovation and Emerging Enterprises” represents a new initiative aimed at bringing together universities, scientific research, innovation, entrepreneurship, and investment.

Its implementation could help strengthen the connections between projects emerging from the university ecosystem and the financing needed to support their development and scaling.