Kazakhstan

Nur-Sultan

Activation Phase

Kazakhstan’s market provides an opportunity for startups to pilot their solutions, interact with large local and international corporations, who are open to cooperation with startups, and a possibility of entering the neighboring markets of Russia, China, etc.

Pavel Koktyshev
Deputy Chairman of the Board, JSC “Zerde” National infocommunication holding

Sub-sector Strengths

Fintech

In 2018, the Astana International Financial Center introduced the Fintech Regulatory Sandbox and visa-free entry for citizens of 65 countries, including all OECD countries. Invest Online, launched by the National Bank of Kazakhstan, is a blockchain-based mobile securities trading application which allows people to buy discount bank notes. Senim, a smart wallet provider, raised $120,000 in a Series A round in 2018.

Smart Cities

The Digital Kazakhstan State Program is the most well-funded program in Kazakhstan with a budget of over $1 billion and 120 initiatives across five key areas. The Astana Innovations Challenge 2018 launched with the aim of implementing a Smart City concept and organized its first Open Data Hackathon in February 2018. The Smart Sustainable City acceleration hub includes the implementation of 10 to 15 startup solutions into the government’s infrastructure.

Why you should invest in Nur-Sultan

SOFTWARE STARTUP OUTPUT
50-150
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
<$100 m
GLOBAL AVG.
$5 bn
Top 5 Global Ecosystem
Affordable Talent
5
Exit Growth
INDEX
9
Output Growth
INDEX
1
Funding Growth
INDEX

Reasons to move your startup to Nur-Sultan

EARLY-STAGE FUNDING PER STARTUP
<$50 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
<$50 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$15.6 k
GLOBAL AVG.
$58.3 k

Ease of doing business

In 2018, after introducing reforms to registration and trading, Kazakhstan ranked among the world’s top 30 economies in ease of doing business.

Support to startups

Nur-Sultan offers tax preferences, grant financing, and a unique visa regime that allows foreign partners to get a work visa for up to 5 years.

Startup Community

Startup Genome
Partners & Members

Astana International Financial Centre
Arkley VC
Astana Business Campus
Astana Medical University
BeinTech
Bridge Group
BTS Digital
I2BF Global Ventures
MOST Business Incubator
National Agency for Technological Development (NATD)
Nazarbayev University
SmArt.Point
The Steppe
Verny Capital
Wooppay

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