Astana Hub to be merged with Park of Innovative Technologies

Astana Hub to be merged with Park of Innovative Technologies

In Kazakhstan, the Astana Hub international IT startup technopark will be merged with the Park of Innovative Technologies. The creation of a unified innovation cluster is provided for by the law on improving government support system for the sector. The draft law was adopted by the members of the Mazhilis, the Lower House of the Kazakh Parliament, in two readings and sent to the Senate, the Upper House of the Kazakh Parliament, for consideration. The document provides for expanded and centralized support for cluster participants. To enable this, a unified legal framework will be established. Now, support will be provided through the single window of the national innovation system. Also, with the co-financing of venture funds, a competitive selection process and project effectiveness assessments will be carried out. Overall, the draft law aims to enhance the effectiveness of the country’s information technology system and expand opportunities for IT companies and startups.