Akhter Studios has signed an agreement with Singapore-based Investbanq and will become a venture studio.

Singapore-based Investbanq, founded and led by CEO Olzhas Zhiyenkul, has become a partner of the Kazakh company Akhter Studios. The agreement was signed at the CEVF 2023 forum.

Dmitry Nigodin, co-founder of Akhter Studios

The signing of the agreement with Investbanq will bring about a complete transformation of Akhter Studios' business.

Akhter Studios will become a venture studio. The changes will affect all areas of the company. It is necessary to create an investment program for startups, establish venture partnerships. In other words, the studio will work with startups, take equity stakes in them, help effectively launch MVPs and products, and bring them to international markets, particularly to Singapore. Our goal is to develop an ecosystem, similar to what colleagues from the MOST holding do.

We will support startups in terms of product development, UX/UI design, and business analysis. Many startups, upon receiving funding, do not know how to spend it wisely. A lot of money is often wasted on trivial matters. Our task is to help develop MVPs of good quality with optimal budgets.

We will accept startups from Kazakhstan, Uzbekistan, Russia, Belarus — any country. The main requirement is that they must be based in Almaty.

In the initial phase, we will be able to take on more than six startups, as an MVP typically takes five to six months to develop. Later, we will be able to handle up to 30 projects per year. Our main KPI is to increase the conversion rate of startups into successful projects through our expertise.

Source: digitalbusiness.kz