Financial support for the best startups in Central Asia: 8 programs where you can participate
We have compiled a list of programs, events, and competitions where young startups can receive financial support from funds, investors, and tech parks.
Author - Mansur Ismagulov
The Tech AI
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Astana Hub offers Seed Money programs (grants of $5–20k), Invest Day, Astana Hab Battle, and partnership with Star Venture. Regional initiatives include a startup program for Uzbek youth, the Central Asia Tech Awards with a prize trip to Silicon Valley, the CAREC University Startup Generator 2023 ($9,000 for first place), and Techstars Startup Weekend. These events are aimed at funding, accelerating, and developing the IT ecosystem of Central Asia.
Seed Money — a startup support program by Astana Hub. The tech park funds promising projects under the program for amounts ranging from $5,000 to $20,000. To receive funding, it is necessary to pass a competitive selection and become a participant of Astana Hub.
Invest Day — an event for startups and investors held on a regular basis, bringing together the best startups and leading business angels from both Kazakhstan and foreign countries. Invest Day gives the top 10 startups the opportunity to find an investor and receive financial assistance.
Star Venture — a program of the European Bank for Reconstruction and Development that has supported over 450 startups in 15 countries since 2018 and helped more than 80 startups attract investments exceeding $330 million, and now has started working in Kazakhstan as well.
Astana Hab Battle — a competition between technological startup projects. The main goal of the event is to identify the best technological startup projects and award them with monetary prizes for further development.
Startup Initiatives — an intensive program for the development of innovative ideas and startup projects by the youth of Uzbekistan. The best startups receive support in the form of investments and consultations on participating in acceleration programs in foreign countries.
Central Asia Tech Awards — an event aimed at stimulating and inspiring current and future generations of specialists and developers to further activate and promote IT products and services in the direction of education and the development of the ecosystem of Kyrgyzstan and Central Asian countries. The main prize for nominations is a trip to Silicon Valley, USA.
CAREC University Startup Generator 2023 — a competition of innovative startup ideas for university students in the region of the Central Asian Regional Economic Cooperation, aimed at developing practical, entrepreneurial, and interpersonal skills. Teams that win first place will receive a prize of $9,000.
Techstars Startup Weekend — a three-day program through which aspiring entrepreneurs can immerse themselves in startup life. It takes place in hundreds of cities around the world, including in Central Asia. The competition selects the best startups, which receive financial support from investors and tech parks.
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