How the IT industry in Kyrgyzstan developed in 2024: key events

Key Achievements and Trends

First AI Academy Opens
This is the first educational institution in Kyrgyzstan focused on training highly qualified specialists in the field of artificial intelligence and ensuring their employment in major IT companies.

High-Tech Park Regime Becomes Indefinite
The tax regime of the High-Tech Park in Kyrgyzstan is now indefinite. This will increase the country's attractiveness for foreign IT companies looking to relocate.

Center for Innovative Technologies to be Established in Kyrgyzstan
The Center for Innovative Technologies will focus on the development and implementation of innovative technologies, including in the fields of artificial intelligence and quantum computing.

86% of Government Sector Documents in Kyrgyzstan Converted to Electronic Format
Out of 863 document types, 745 must now be provided only in digital format, simplifying bureaucracy and reducing paper usage, thereby contributing to environmental protection.

Country News and IT Companies

HTP House in Silicon Valley
The first HTP House has opened in Silicon Valley. HTP House is implemented in cooperation with Olive Rooms and its founder, Azamat Akelyev.

"Eldik Bank" Opens Its Own Subsidiary IT Company
The new IT company "Eldik Tech" will focus on developing financial technologies, aligning with the FinTech concept, and has ultimately received regulatory approval.

New E-Wallet Launched — Finik
Mancho Company has launched a new e-wallet called Finik. The product was developed to provide users with fair conditions for managing their finances. The main feature of Finik is that all services, except for government services, will be provided without commission.

MBANK Presents New Product — MINVEST, the First Digital Broker
MINVEST provides Kyrgyz citizens with the opportunity to invest in the stocks of the world's largest companies through the NYSE and NASDAQ stock exchanges.

First AI Assistant AkylAI Speaks Kyrgyz
AkylAI is an assistant that understands the Kyrgyz language. The goal of the open-source AkylAI project is to develop the Kyrgyz language in the digital environment.

Successful IT Startups of the Year

Alma
The Kyrgyz startup Alma received investments totaling $5,100,000 from leading Silicon Valley venture funds. The project aims to simplify the visa application process for technologists, founders, and researchers.

AkylAI
In 2024, the full version of the Kyrgyz-language artificial intelligence AkylAI was released.

Mugalim AI
Won in the AI in EdTech category at Startup Battle Connected 2024. Took third place in the She Loves Tech Global Startup Competition.

enji.ai
The startup achieved significant success, entering the top 10 startups for acceleration according to DOMiNO Ventures, and was also selected for the Dutch accelerator Better Future AI.

Mentium
Mentium, a company founded by a native of Kyrgyzstan Aziz Satarov, successfully completed an investment round raising $3.2 million. The total amount of funds raised since the company's founding is approximately $4 million.

fal.ai
Fal.ai, a platform founded by a Kyrgyz citizen providing AI models for generating audio, video, and images, raised $23 million in funding.

Major IT Events Held in the Country
In 2024, Kyrgyzstan became the center of large-scale events dedicated to the development of technology, business, and youth initiatives. Among them were KIT Forum 2024, Yntymak Week, and Jaratman Jashtar Forum, which brought together experts, entrepreneurs, and leaders from various fields. Bishkek Investment Forum 2024 became a key platform for business interaction with investors and international partners, while the "Startup-Nation" hackathon provided the opportunity to develop IT solutions and compete for prizes. At the international conference AIST 2024, experts discussed achievements in Data Science and their application in business. These events strengthened Kyrgyzstan's role as a center of innovation and cooperation in Central Asia.

Community and Program Outcomes

Unicorn from KG Program
The program is aimed at supporting and developing startups from Kyrgyzstan with the goal of expanding into international markets.

Dive into Silicon Valley Program
This program provides startups with a unique opportunity to immerse themselves in the atmosphere of Silicon Valley.

Women's TalpynUp Program
The professional development program is open to women who have been running their businesses for one to three years.

AI Community Kyrgyzstan
Organized numerous events: meetups, hackathons, and even large international events such as the scientific conference AIST 2024.

People

Azis Abakirov and Chubak Temirov
Initiated numerous projects aimed at supporting startups, such as Unicorn from KG and Dive into Silicon Valley.

Dina Ruslan
Organized the large-scale hackathon "Startup-Nation," which became a significant event for the IT industry of Kyrgyzstan.

Aizhan Alisheva
An active member of the IT community, promoting startups to the international level.

Daniel Abdyldaev
Joined Accelerate Prosperity, a startup accelerator operating in four countries, as an investment director. He also became a co-founder of the angel organization chANGELS, which trains business angels and helps them invest in companies founded by natives of Kyrgyzstan.

Nurzat Tynymbek
Actively participates in international programs that help women realize themselves in IT. This year, she was selected for TechWomen 2024.