Focus on corporate innovation

Tech Garden and Smart Engineering group LLP signed a memorandum to promote innovation in the energy sector of Kazakhstan

The Autonomous Cluster Fund Tech Garden and Smart Engineering group LLP, which is one of the leading engineering companies of the Republic of Kazakhstan, providing a full range of services in industrial and civil design, project management and construction and installation works, signed a memorandum on the promotion of innovations in the energy industry of Kazakhstan.

A preliminary agreement on the signing of the memorandum was reached within the framework of the Corporate Acceleration Week held in South Korea. During the trip organized by Tech Garden, representatives of the oil and gas, mining and metallurgical and energy industries of the country, the management of Smart Engineering group, MIIR and Samruk-Kazyna were able to see with their own eyes the effect of the introduction of innovations in a number of the most advanced technology corporations, such as Samsung, Ericsson -LG and LSis. All of these giants are using Open Innovation for the corporate sector, which is becoming increasingly popular around the world. Having advanced R&D centers and laboratories, many industrial companies are actively attracting startups to solve technological problems of automation and digitalization.

Open innovation has become an international trend. Moreover, in a variety of industries. Integration of start-ups into the technological chains of an enterprise makes it possible to make business processes more agile, to integrate innovations faster into the company, and to receive additional profits without capital expenditures. For example, the Korean company LSis, which we visited and which just works in our industry — the electric power industry — with a turnover of $ 2.5 billion, annually spends $ 100 million on R&D or, in our opinion, research and development work (R&D). And this figure of 4% is the average for Korean enterprises and the leading one in the world, “said Nazgul Dzhusupova, director of Smart Engineering Group LLP.

The experience of Korean companies applying the Open Innovation scheme has also confirmed their own experience of Kazakhstani power engineers in introducing new technologies with the help of start-ups. “This year we took the first step towards corporate acceleration. Portfolio startup Tech Garden — CableWalker, completed an order for Alatau Zharyk Company JSC (AZhK) and Mangistau REC JSC to survey two five-kilometer sections of 110 kilovolt lines. The CableWalker team proposed to power companies a project to remotely monitor and repair power grids using an unmanned aerial vehicle. This is the implementation of one of the points of the state program “Digital Kazakhstan” on the use of unmanned aerial vehicles for monitoring and repairing networks, “explained Alfiya Ilaeva, Technical Director of the Project Management Department of the ACF Tech Garden.

The pilot implementation within the framework of corporate acceleration was financed by the Kazakh-American venture fund Tech Garden Ventures, created by the ACF. “This ensures the rapid penetration of new technologies into such fundamental and traditional sectors of the economy as the electric power industry, the mining and metallurgical complex and the oil and gas sector. A venture capital fund provided an investment to CableWalker that allowed for a pilot implementation. At the same time, customers, without wasting time and money on development, can soon evaluate the effectiveness of the solution proposed by the startup, “says Cyrus Baghai, General Partner of the Foundation.

The signing of a memorandum between ACF Tech Garden and Smart Engineering group assumes the further promotion of innovations in the energy sector of Kazakhstan. The signing of the document became possible just as a result of a successful pilot project with a startup CableWalker.

Corporate acceleration is a strategic move that helps large companies stay at the forefront of progress and remain competitive in such a rapidly changing economy.

Within the framework of the Startup Kazakhstan program of the ACF Tech Garden, since 2018, 96 innovative startups have been funded for the amount of about 990 million tenge. “Starting from 2020, it is planned to transform the Startup Kazakhstan program from the initial stage of support for startups to support for corporate innovation programs, incl. subsoil users, in the direction of Industry 4.0. The focus of the program will shift towards supporting mature projects, implementing their solutions by the corporations of the Republic of Kazakhstan, forming a pool of high-tech companies — world-class suppliers, “says Askar Sembin, General Director of ACF Tech Garden.

In Kazakhstan, the role of a connecting link between industry and startups — corporate acceleration — is performed by ACF Tech Garden. The Tech Garden acceleration program provides for the analysis of enterprise problems, identification of top-priority tasks, search for startups to solve them, “pumping” start-up teams for the most effective solution of the problem and pilot implementation of the product on the site of your enterprise to evaluate the result.

In addition, the ACF is working to create an Innovation Competence Center, which will train employees in the mining and smelting, oil and gas and power sectors in the skills of using digital technologies and in-depth analytics in production. On the basis of high-tech laboratories created by Tech Garden together with TNCs (on new materials; on digitalization of construction; on industrial artificial intelligence). Together with the resources and potential of the participants of the Tech Garden Innovation Cluster, this can become a real platform for advancing the Kazakhstani industry towards Industry 4.0.

The Autonomous Cluster Fund (ACF) Tech Garden is a state organization established by the Government of the Republic of Kazakhstan. The Chairman of the ACF Steering Committee is the Prime Minister of the Republic of Kazakhstan. The Tech Garden innovation cluster is a professional environment for the development of innovations demanded by industry and business.

Contacts: Tatiana Napolskaya, +7 (707) 652-40-55

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