Astana Hub and TechGarden are joining forces to strengthen Kazakhstan's IT ecosystem

The merger of the two organizations will eliminate duplication of functions and create a unified legal framework for participants in the IT industry.

During a plenary session of the Mazhilis of the Parliament of the Republic of Kazakhstan, a bill aimed at improving the system of state support for innovative activities was approved in the first reading. At its core is the merger of the Autonomous Cluster Fund "Park of Innovative Technologies" and the international technopark Astana Hub.

The unification will allow for the optimization of support measures, elimination of duplication of functions, and creation of a unified legal framework for participants in the innovation cluster. This will also expand opportunities for IT companies and startups: Astana Hub participants will be able to attract funding from extractive industries, while TechGarden companies will be able to take advantage of tax incentives and acceleration programs of the technopark.

Aytuar Koshmambetov, Deputy of the Mazhilis of the Parliament of the Republic of Kazakhstan
We are laying the foundation for the technological development of the country. The merger of Astana Hub and TechGarden eliminates unnecessary barriers and forms a single ecosystem. New support measures will accelerate the growth of the IT sector. The introduction of a "Single Window" will improve the efficiency of managing innovation projects. This step will allow Kazakhstan to take leading positions in digital technologies.

Astana Hub was officially opened in November 2018. To date, the technopark unites more than 1500 participants. About a third of them are foreign companies.

The Autonomous Cluster Fund Tech Garden was established by the government of Kazakhstan in 2014.

Source: Forbes.kz