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Astana, Kazakhstan • 27 May, 2024 | 12:46
1 min read

Kazakh Investment Platform Launches IT Hub in Singapore

Nomadiq Innovation Hub aims to position Central Asia as a unified investment region for Southeast Asian investors

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Nomadiq Innovation Hub has launched operations in Singapore to promote Central Asian startups and IT solutions in Southeast Asia, QazMonitor reports citing the Ministry of Digital and Space.

An initiative by the Kazakh digital investment platform Investbanq, Nomadiq Innovation Hub aims to support local startups in Singapore while promoting Central Asia as a unified investment region. The hub is designed to assist startups that can compete globally, drawing inspiration from Investbanq’s other initiatives such as the Silkroad Innovation Hub in the US and the Al-Farabi Innovation Hub in Saudi Arabia.

  • Focus area: budding startups in developing sustainable and innovative business models

  • Hub’s investment capital: $1 million

  • Target region: Southeast Asia, further expanding to the UAE.

Our main goals include providing in-depth and personalized support to selected projects, helping them build sustainable business models, and developing tailored growth strategies. We are also focused on overcoming barriers to entering international markets and aim to position our region as a promising platform for venture capitalists.

said Olzhas Zhiyenkul, CEO of Investbanq.

Additionally, the Ministry of Digital and Space and Nomadiq Innovation Hub signed a memorandum of cooperation for the further development of Kazakh IT startups in Singapore.

Ministry of Digital and Space
Ministry of Digital and Space
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