Startups-participants of StartUp Kazakhstan met with potential partners in Tech Garden

On July 25th Tech Garden held an Innovation Day event

Its main task is direct meetings of startups of the third wave of acceleration of the Startup Kazakhstan program with representatives of industrial, construction and energy companies in Kazakhstan, financial institutions, retail, distributors, small and medium-sized businesses.

Several projects have attracted a lot of attention at once. The energy industry is interested in the CableWalker project, which allows drones to monitor power grids and report faults online, significantly saving costs.

The Vsafe project also attracted attention, offering a simple and convenient solution to the problem of safe storage of bicycles, scooters and other means of individual transportation.

Such meetings help companies with specific desires to automate and digitalize their production processes to find an inexpensive but high-quality solution developed by our startups.

A startup gets a partner or client, and can improve its product for specific tasks. And business gets a personal solution, “says Artem Shvedov, Development Director of the AKF Tech Garden innovation cluster.

In addition, representatives of the real sector of the economy — industry and business — talked with experts who told why corporations should work with innovations. In particular, Alexander Kalinnikov, Director of the Innovation Management Department of the ERG Research and Development Engineering Center LLP, shared his experience on how the company can benefit from innovative products, what successful cases of start-up implementation are in Russia and in other countries, and practical advice and tools for work with innovations in companies.

The acceleration program of the third intake of the international program StartUp Kazakhstan started in May. Now the teams have the so-called “equator”, when half of the training has been completed and a clear orientation of the start-up product is needed for specific tasks of the economy. To do this, Tech Garden invites companies interested in technology, to whom startups present their developments.

“I am also interested in individual professionals and team projects. The purpose of my visit is to invite employees to our company, developers, architects. People who are interested in developing their professional data in the IT field. Our possibilities are unlimited. We have a lot of projects, both in the public sector and in the commercial. Therefore, you are welcome, “says Elena Martynova, HR Director of Asia soft.

An important point was that the startups found mutual interest not only by communicating with potential clients, but also with each other. Smart Resident projects for housing and communal services can be enhanced by the developments of Brio MRS, which provides solutions in the field of mixed reality. And the designer of selling sites Menavita found points of collaboration with the cloud service “Paloma365”, which automates the control, accounting of sales and warehouse in public catering, trade and services.

Applications for the third wave of the StartUp Kazakhstan acceleration program were accepted in September-December 2018. About 500 applications were received from ten countries. This time the geography of the project covered Kazakhstan, Russia, Ukraine, Belarus, Kyrgyzstan, Uzbekistan, Azerbaijan, Lithuania, Poland and Norway. The teams presented new solutions in such industries as e-commerce, education, financial technology, Industry 4.0, smart city, telecommunications. Experts have selected 26 best offers.

The international acceleration program StartUp Kazakhstan is implemented by ACF Tech Garden under the auspices of the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan and is aimed at creating a critical mass of high-tech companies in the small and medium-sized business market.

Acceleration begins with diagnostics of each startup, after which an individual plan for its development and a targeted educational program are drawn up, which lasts 3 months. Unlike business accelerators, Tech Garden has a separate component for “pumping” exactly the technological part of a startup product. Each team is assigned a coach who sets tasks and monitors progress on a daily basis.

Program participants receive funding — up to 31 thousand US dollars. All startups sign an investment agreement and open an LLP in the Republic of Kazakhstan. The money is transferred to the accounts of these LLPs, and, according to the terms of the agreement, the start-up companies spend the received investments only on the development of their product in Kazakhstan.

These are the initial investments that create a venture capital story for a startup. Both during and after acceleration, Tech Garden holds meetings with venture capitalists and the corporate sector in order to attract more serious investments to mature startups.

The first and second waves of the StartUp Kazakhstan program took place in 2018. More than 2 thousand startups from Kazakhstan, Russia, Belarus, Ukraine, Kyrgyzstan, Bulgaria, Poland, and the USA have applied for participation in it. As a result of a careful expert selection, 69 startups (30 from Kazakhstan and 39 from the CIS countries) underwent acceleration. In 2018, startups created 250 jobs. All projects showed results, some gave an increase of 200-300%. There are companies that, with ideas developed here, went to Singapore, Malaysia, and now they are entering the US markets, European markets.

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