Astana Hub turns five

The largest Innovation Technopark in Central Asia, Astana Hub, celebrated its fifth anniversary. During this period, the combined revenue of its participating IT companies exceeded $1.5 billion, and the volume of attracted investments surpassed $500 million. The accomplishments of the hub over the years were highlighted today in the capital as part of the Demo Day for the fourth batch of the Silkway Accelerator program. It is worth noting that a unique educational project was organized by Astana Hub in collaboration with Google for Startups. Out of nearly 200 applications received for training, the 15 best projects from Kazakhstan, Georgia, Kyrgyzstan, Mongolia, Tajikistan, and Uzbekistan were selected. The 12-week intensive program was successfully completed by 12 startups, and at today’s event, they showcased their capabilities, aiming to find investors and expand into new markets. Kazakh Minister of Digital Development, Innovation and Aerospace Industry Bagdat Mussin familiarized himself with the presented projects.

“To date, Astana Hub has exceeded 1,300 registered startups within its ecosystem. These startups make substantial contributions to the country's economy, employing 20,000 people across these companies. I think that this year’s exports of IT products will reach $500 million, a noteworthy figure. The country’s IT industry is on the rise and acts as a multiplier, extending into all sectors of the economy,” Mussin said.

Editor: Aizhan