The Minister of Higher Education and Scientific Research, Kamel Baddari, together with the Minister of Finance, Abdelkrim Bouzred, presided on March 2, 2026, at the Faculty of Information and Communication Sciences of University of Algiers 3 (“Ibrahim Sultan Chioupt”), over the ceremony marking the awarding of the first accreditation in Algeria to a university-based venture capital company. The accreditation was granted to the financial investment company of the University of Algiers 3, marking a national precedent.
The ceremony was attended by the President of the Commission d’Organisation et de Surveillance des Opérations de Bourse and heads of university establishments and research professors.
In his speech, Mr. Kamel Baddari stated that this “highly significant event is part of the reform process of the Algerian university and represents a national milestone, as it is the first accreditation granted by the Commission to a university institution, namely the University of Algiers 3, in the form of a venture capital company, alongside the structuring of a fund of funds.”
He emphasized that this event reflects “the commitment of the President of the Republic, Mr. Abdelmadjid Tebboune, to reforming the university and strengthening its economic role by enabling it to become a productive actor contributing to development financing.”
For his part, Mr. Abdelkrim Bouzred praised this “pioneering initiative that marks the university’s entry into the field of financial investment—an unprecedented step reflecting a qualitative transformation in the university’s role as an active partner in driving economic development.”
Meanwhile, the President of the Commission, Mr. Youssef Bouzenada, described the achievement as “a landmark stage within the framework of the deep reforms undertaken by the State, demonstrating the Commission’s commitment to completing the legal and regulatory framework aimed at modernizing the financial market, ensuring transparency and efficiency, protecting investors, and strengthening confidence in the business climate.”
It should be remembered that company is also expected to act as a “fund of funds” by investing alongside newly established university funds and overseeing their management, thereby coordinating efforts, mobilizing available financial resources, and enhancing complementarity among stakeholders within the university innovation ecosystem.”