Almaty startups take part in Startup Day and Tech Garden Cup competitions with a prize fund of over 5 million tenge
Almaty. September 25. Kazakhstan Today - Almaty start-uppers took part in the Startup Day and Tech Garden Cup competitions with a prize fund of over 5 million tenge within the framework of the 3rd Tech Garden Fair 2017 Technology and Startup Festival, Kazakhstan Today reports.
More than 200 startup projects took part in the competitions. According to the results of the Tech Garden Cup, a prize of 500,000 tenge was received by the Buhta.kz project (accounting and online services), the Entrepreneurial and Industrial-Innovative Development Department of Almaty reported.
The event was opened by the deputy akim of Almaty, Almas Madiyev. He noted the high role of the festival for the development of an innovative ecosystem.
"This festival is one more step on the way to fulfilling the assignment of Elbasy, identified in the "100 Specific Steps Plan of the Nation" on the development of the innovation sector, the creation of a knowledge-based economy, and attracting investments in the technological branches of the economy. In addition, the city is actively working to provide state support to innovators. Within the framework of the Business Roadmap 2020 Program, we supported 31 entrepreneurs who received grants for 84 million tenge last year. In 2017, the number of winners of the grant doubled - up to 65. They received grant financing for 145 million tenge. We invite young entrepreneurs and start-uppers to participate in the program next year. The documents will be collected in May 2018," Almas Madiyev said.
According to the department, all winners of the competitions will be able to pass the acceleration of Almaty Tech Garden, which implies mentoring, networking, profile expertise, support in project promotion and equipping the work area. The most promising projects with high scaling potential will be selected for the international acceleration of Startup Kazakhstan. Its participants will receive investments of up to $ 100,000 and the opportunity to get trained in Silicon Valley (USA).
Let us recall that in the message of the President of the Republic of Kazakhstan N. Nazarbayev to the people of Kazakhstan, special attention is paid to the growth of the well-being of the citizens of Kazakhstan, which is declared the main goal of state policy; private investments and projects aimed at "real results for the population" have a special role in it. The president also posed the task of creating a new model of economic growth, with education as the centerpiece.
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Annual inflation in February and March continued to decrease, albeit at a slower pace. Inflation expectations have slightly decreased but remain at a relatively high level. The external inflation background continues to be neutral with the ongoing trend of declining grain prices in global markets. Within the domestic economy, inflationary pressure persists due to robust internal demand and unanchored inflation expectations," reads the bank’s official statement.
In the current circumstances, there is still limited room for easing monetary policy. This space will begin to form with the stable reduction of the stable part of inflation," it said.
Monthly inflation slowed down in March to 0.7% after a spike in the previous month (1.1%), forming above the average historical values (0.6%). A similar dynamic is observed for the indicators of core and seasonally adjusted inflation - a significant reduction in March after a sharp acceleration in February," said the bank.
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