Kazakhstan’s Nomadiq Innovation Hub Opens in Singapore

photo: Kazakh Ministry of Digital Development, Innovation & Aerospace Industry

The Nomadiq Innovation Hub has now officially opened in Singapore.

A private initiative, the aim of the hub is to promote Central Asia as a single region in Singapore and advance cooperation in IT entrepreneurship.

At the opening ceremony, Minister of Digital Development, Innovation and Aerospace Industry of Kazakhstan, Zhaslan Madiev remarked that the new hub was designed to attract new start-up projects and unite Turkic countries’ efforts to expand digital solutions.

“We have high hopes for the Nomadiq Innovation Hub in achieving goals that represent the interests of Kazakhstan and in particular, increasing the export of Kazakh IT products and attracting investment to our country,” the minister said. “Kazakhstan already has significant experience in developing and supporting start-ups and innovative projects. For example, the Astana Hub International Technology Park for IT Start-ups, launched five years ago, has now become one of the leading technology parks in Central Asia with 1,403 participants, including 388 foreign companies.”

Outlining the project’s objectives, Olzhas Zhienkul, Chairman of the Board of Nomadiq Innovation Hub, announced, “Our main goals include the provision of in-depth and personalized support to selected projects, helping build sustainable business models and developing customized growth strategies. We are also focused on overcoming barriers to entry into international markets and will strive to position our region as a promising platform for venture investors.”

Nomadiq is Kazakhstan’s third overseas innovation hub, joining the Silkroad Innovation Hub in the USA, and that in Riyadh, Saudi Arabia, named after the great philosopher al-Farabi.

 

 

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Times of Central Asia