GenerationS to help develop corporate innovations in Kazakhstan
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25 July 2019

GenerationS to help develop corporate innovations in Kazakhstan

The corporate accelerator GenerationS run by RVC and international technopark of IT startups "Astana Hub" signed a Memorandum on cooperation in the development of innovative startups.

In the framework of the agreement, the parties will promote and popularize innovation initiatives, develop a venture ecosystem designed to spur corporate innovations in Kazakhstan and create conditions for the aggregation of the best innovative projects.

The main areas of cooperation will be the launch of joint programs and the exchange of startups, including the organization of participation of Astana Hub projects in GenerationS corporate accelerators, the participation of experts from Astana Hub in the evaluation of projects of GenerationS corporate accelerators and the invitation of GenerationS experts to participate in Astana Hub events.

"A partnership with Astana Hub is another step forward in creating a global corporate innovation platform based on GenerationS. Exchange of experience, projects, launch of joint initiatives will create conditions for mutual development of technology businesses both in Russia and Kazakhstan and foster the footprint of our countries in the international innovation ecosystems. This is an important strategic direction for us since Kazakhstan is a rapidly evolving market, which already has strong startups developing on the global stage and the potential of this market will only grow," commented Ekaterina Petrova, Director of the corporate accelerator GenerationS.

"Astana Hub is looking forward to the collaboration with GenerationS. Corporate innovation is one if the main pillars required to build a robust ecosystem in Kazakhstan. GenerationS is a leader in this field in Russia which can be seen from their success since 2013. Astana Hub will be able to leverage their experience and apply it across Kazakhstan to increase our velocity of development," said Joseph Ziegler, the CEO of Astana Hub.

Reference information

About GenerationS

GenerationS is a federal platform for development of corporate acceleration instruments. RVC has been established in 2013. Currently the Accelerator’s infrastructure includes over 15 thnd start-ups coming from 30 countries, 400 corporate and ecosystem partners. In 2018, GenerationS became the first Russian accelerator, which obtained the approval of Global Accelerator Network (GAN).

About Astana Hub

Astana Hub is an international technology park of IT startups where conditions for free development of Kazakhstan and foreign technology projects are being developed. The goal of Astana Hub is to launch breakthrough IT companies as well as to become a hotbed for young and talented IT specialists from around the world. The mission is to develop the startup culture and support high-tech projects in order to strengthen the country's economy. Vision — an international technopark of IT startups "Astana Hub" should become the core and growth driver of Kazakhstan's innovation ecosystem and an internationally recognized hub for the development of high-tech businesses. The goal - 67 billion tenge to be invested in resident startups (graduates of Astana Hub programs) by 2022.

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