MOST startups have attracted $1,985,000 in investments and grants
Author - Mansur Ismagulov
The Tech AI
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Since 2024, graduates of the MOST programs have attracted $1,985,000, including $240,000 in grants. The initiatives involved 1,336 individuals and 54 teams. 179 specialists completed training at AlmaIT Camp, and 40 people completed the business angels course (expected outcome: 67). Two cohorts of the Investment Readiness Accelerator were conducted, involving 42 startups, along with two Demo Days and four Startup Expert meetings. Eight incubation programs were launched for more than 135 startups.
Since 2024, graduates of MOST programs have attracted $1,985,000 in investments. Startups participating in acceleration, incubation, and international market scaling programs received these investments. The total amount of grants amounted to $240,000. A total of 1,336 individuals and 54 teams participated in the initiatives.
Since the start of the program, 179 specialists from various fields have learned programming through the AlmaIT Camp IT talent development initiative. Training will also continue throughout 2024.
The venture investment ecosystem includes training for business angels. Since the start of the program, 40 individuals have completed the business angel course for investors at JSC "Business Incubator MOST." It is expected that by the end of the year, this number will reach 67 people.
As a result of the first five months of 2024, two out of three cohorts of the flagship program, the most popular Investment Readiness Accelerator, have been completed. A total of 42 startups from Central Asia participated in it.
Since the beginning of the year, two Demo Days have been held, with participation from foreign venture funds and business angels. MOST organized four Startup Expert business meetings featuring experts in startup development, venture investment, business scaling, IT, and other specializations.
Together with partners, MOST BI has conducted eight incubation programs since the beginning of 2024, covering more than 135 early-stage startups.
In total, 13 incubation programs are planned for this year in the areas of Deep Tech, EdTech, E-commerce, General Entrepreneurship, Green Tech, FinTech, AI/Big Data, Creative, and others. Additionally, the following are planned: six cohorts of acceleration programs, training in the specialties of Digital Urban Planner and Smart City Engineer, conducted in collaboration with universities in Almaty, research on IT startups and the venture ecosystem of Almaty, 10 Demo Days, three hackathons, 16 educational business meetings under Startup Expert, Startup Weekend events, and an international forum on venture investment and IT startups.
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