Startups from Central Asia will participate in the Al-Farabi Hub acceleration program in Saudi Arabia

In accordance with the directive of the President of Kazakhstan to achieve $1 billion in IT services exports by 2026, Al-Farabi Hub has developed a strategy to promote domestic IT solutions in the Middle East and North Africa markets. As part of this strategy, an acceleration program aimed at developing the startup ecosystem has been launched.

The offline part of the program started on January 12 in collaboration with the accelerator Plug&Play. It will last for two months in Riyadh and will include 11 startup founders from Kazakhstan, Central Asia, and Saudi Arabia. Currently, nine startups are participating:

— Biometric Vision, Kazakhstan — biometric facial recognition technologies for mobile applications, ATMs, and other systems
— Cyber Labs, Kazakhstan — solutions for the private K12 education market, which is projected to grow by more than 9% annually in Saudi Arabia
— OpenSky, Kazakhstan — an AI-based platform for booking private flights
— Faceplate, Kazakhstan — data analysis tools to optimize production processes
— Biny, Kazakhstan — digital logistics and supply chain management
— Push30, Azerbaijan — a corporate equivalent of ClassPass for fitness and health
— Smartup, Uzbekistan — process automation for the FMCG and pharmaceutical sectors
— Sales Doctor, Uzbekistan — SAP solutions for automating sales in Central Asia
— RAPTI, Saudi Arabia — a technological and innovation hub providing software for business scaling. RAPTI focuses on startups, educational institutions, and large corporations, helping them adapt to changes and grow.

Additionally, as part of the Tumar Venture Fund program, in collaboration with venture funds from Saudi Arabia, a selection and investment in startups that demonstrate the best results will be carried out.