IT startups in Central Asia to attract investments from abroad

The best technological IT startups in Central Asia will be able to attract up to US$500,000 of investment. This will be facilitated by the Investment Readiness Accelerator program, which will be launched on March 7 in Kazakhstan. Submission of application for innovators is now open. As the speakers noted, the program will consist of three parts and will be held both online and offline. Innovators will be able to get practical knowledge of legal support for startups, learn how to build an effective financial model of the project, learn how to compose a pitch deck, and  much more. At the end of the program, participants will be able to present their startups not only to investors from Central Asia, but also from the United States and Europe.

“The goal of the entire accelerator is that, we know that most teams do not even cease to exist because they create a product that no one needs. They create a product and at the same time do not find, the first angel, the first financing, the first investment, so to speak. Hence, the team, unfortunately, dissolves, the members scatter. The problem is not that they created an unnecessary product, they simply did not find the first support. We've been observing this for many years. So we decided to create such a program,” said Alim Khamitov, Managing Partner of First Central Asia Venture Fund.

Translation by Aruzhan Bizhigitova

Editing by Galiya Khassenkhanova