The Head of the Ministry of Digital Development acquainted with the digital infrastructure of the Astana Hub technology park

Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy, and Zhaslan Madiev, Minister of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, toured the Astana Hub innovation ecosystem. During the meeting, they discussed the prospects for the development of the IT industry and issues of supporting young innovators to integrate Kazakhstani startups into the real sector of the economy.

The General Director of Astana Hub conducted a tour of the technopark, telling about the activities and IT ecosystem of Kazakhstan. Astana Hub is actively working on creating and developing an ecosystem for IT business, training IT specialists, and supporting startup projects. The technopark operates educational and acceleration programs aimed at export and attracting investments.

Today, about 1500 IT companies are registered in the technopark, more than 400 of which have foreign participation. Residents receive comprehensive support, including business development and scaling programs, special tax and visa conditions, informational and educational support, and material infrastructure, which contributes to their entry into international markets.

A special favorable ecosystem has been created for Astana Hub participants. Preferences are in effect in the form of a special tax regime, providing for exemption from payment of corporate income tax, personal income tax, and value-added tax on the turnover of goods, works, and services implemented in Kazakhstan. IT companies are also provided with office space and partnership bonuses. All these government support measures allow them to reinvest the saved funds into the development and promotion of projects.

The Deputy Prime Minister — Minister of National Economy and the Head of the Ministry of Digital Development met with Astana Hub participants and representatives of IT companies, and familiarized themselves with a number of domestic innovative projects.

Source: gov.kz