Kazakhstan is set to establish a Fund aimed at attracting $1 billion in private investments, marking a new stage in the development of the country’s venture capital market and its integration into the global investment and technology ecosystem. It will collaborate with major players in the international capital market, attract foreign businesses, and foster startup ecosystems. Prime Minister Olzhas Bektenov discussed the fund’s objectives with leading venture capital experts and representatives from domestic and international business communities. The majority of the capital will be directed toward the development of artificial intelligence, digital healthcare, and other technology sectors. To form the fund’s initial capital, applications exceeding $100 million have already been received from representatives of large Kazakh businesses. Notably, according to the Ministry of Digital Development, Innovation and Aerospace Industry, the volume of venture capital in the country has grown sixfold over the past five years, reaching $80 million. Currently, Kazakhstan leads Central Asia, accounting for over 70 percent of the region’s venture deals.
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