Baku, Azerbaijan, Dec. 10
By Rashid Shirinov – Trend:
During the year, 49 million tenge of investments were attracted to the projects of the Astana Hub international technological park, said the Kazakh Minister of Information and Communications Dauren Abayev, Trend reports citing the Kazakh media.
"Two acceleration programs were carried out during the year, as a result of which more than 20 startup projects were selected with investments in the amount of 49 million tenge", the minister said in the parliament of Kazakhstan.
He added that the third acceleration program is currently underway, within which 38 projects have been selected.
"In order to ensure the full functioning of the startup ecosystem, a very important law "On Venture Financing" was adopted in July this year. It defines the norms for venture investments and creates conditions for simplifying the visa and labor regimes for foreign participants of Astana Hub," Abayev said.
The minister also noted that this measure is necessary to attract foreign residents and experts and for their comfortable stay in Kazakhstan.
"Tax preferences for the technological park participants in the form of simplified taxation are also being worked out," he added.
The main mission of the Astana Hub is to develop a startup culture and support high-tech projects for strengthening Kazakhstan's economy. Astana Hub is being developed in close cooperation with the Kazakh Ministry of Information and Communications and Zerde National Information and Communications Holding as part of the "Digital Kazakhstan" program.
(370.49 KZT = 1 USD on Dec. 10)
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