Information and Communications Minister Dauren Abayev described the Astana Hub work.
“On November 6 the Head of State attended the presentation of the Astana Hub International Technology Park. Two acceleration programs carried out there helped select more than 20 startup projects with investments attracted up to KZT 49 million,” the minister said.
According to him, the third acceleration program is underway. 38 projects have been already determined.
“The very important law “On venture capital funding” was adopted in July for unimpaired operation of the startup ecosystem. It determines the norms on venture capital investments and provides conditions for facilitating visa and labor regime for international participants of the Astana Hub,” Abayev said.
According to him, this measure is necessary to attract foreign residents and experts and their convenient stay in Kazakhstan. (Kazinform/Business World Magazine)