Participants of the Silkway Accelerator collectively attracted $7,500,000 in investments

The International Technopark Astana Hub has announced the results of the third cohort of Silkway Accelerator, a joint program by Astana Hub and Google for Startups. Competition for a spot in the third cohort was as fierce as in the previous two, with 280 applications received from 8 countries across Central Asia, Mongolia, Azerbaijan, and Georgia. Fifteen startups were selected for the program, and only 12 successfully completed it, demonstrating rapid growth over three months.

At the Demo Day, organized to mark the completion of the third cohort of Silkway Accelerator, graduates presented their projects to local and international investors and shared their achievements during the accelerator.

As a result of the third cohort of Silkway Accelerator, participants collectively raised $575,000, increased their MRR by three times on average, and secured preliminary agreements with investors for $1,250,000.

Kazakhstan is the first and only country in Central Asia where an accelerator has been launched in partnership with the global company Google for Startups. Applications for the new fourth cohort of the Silkway Accelerator program are now open. Applications are accepted via this link until July 7, with the program scheduled to start in August. The training will also take place in an offline format in Astana and will last for three months. Participants will be provided with free accommodation, visa support for international participants, and training and mentoring from Google for Startups and Astana Hub.