In 2016, “Park of Innovative Technologies” Independent Cluster Fund (PIT ICF) updated and improved the acceleration program for innovative companies and projects. Experience from the previous acceleration events was used for acceleration enhancement. The program is a convenient platform for development and acceleration of startups, which undergo selection and become PIT ICF acceleration residents. The program helps to choose and fix customers` attraction channels, organize meetings with the market experts, choose the operating business model, learn the procedure for products development, etc.     

To attract startups, PIT ICF conducted 4 innovative Startup Day competitions in 2016. During the competitions, startups and innovative companies received an opportunity to present their solutions to subsoil users. Also, Tech Garden Cup hackathon was conducted in 2016 aimed at solution of technological tasks by leading companies. The winners of the mentioned events got an opportunity to undergo acceleration in PIT ICF.

Thus, 30 startups underwent acceleration in 2016. In the period from January 1, 2015 to November 15, 2016, PIT ICF conducted 10 courses, 11 seminars, 12 trainings and 25 workshops under implementation of acceleration program, and also participated in arrangement of 5 major events, which contributed to experience accumulation in application of foreign teaching methods.    

Startup accelerations are introduced in such areas as “Smart industry, New materials and Additive Technologies”, “Smart environment”, “New energy and clean technologies” and “Fintech, E-commerce and New media”.

At the moment, startups are at the different stages of development.  According to the global practice, development of innovative startups requires a certain time. Majority of projects demonstrate a positive progress in development. A number of projects attracted private investment, the amount of which varies from KZT 24 million to USD. Other projects established a partnership with leading industry companies and work on the joint projects. 

In 2015, 15 startup companies out of 25 successfully underwent acceleration.  In 2016, all 30 startups that were chosen successfully underwent acceleration. By acceleration results, 7 companies became residents of “Park of Innovative Technologies” Special Economic Zone and 1 company is in the process of entering it.

To promote further effective acceleration, major emphasis will be aimed at development of network of private investors, who will be interested in investment to the innovative projects, and also development of industrial experts` network.

Source : https://www.gov.kz/memleket/entities/aviation/press/news/details/27923?lang=kk