Astana Hub and EIF: A new stage of cooperation for the development of tech startups in Kazakhstan and Armenia

On April 15, Astana Hub, the largest innovation center in Central Asia, and Enterprise Incubator Foundation (EIF), the leading organization in innovation support in Armenia, signed a memorandum of cooperation.

This event underscores the commitment of both organizations to bolster their partnership and collaborate on supporting innovation, technology entrepreneurship, and the development of the startup ecosystem in the region.

The signing of the memorandum heralds the start of a new phase in cooperation between Astana Hub and EIF. The objective of this partnership is to create an enabling environment for innovation, facilitate the exchange of experiences and resources, and broaden opportunities for technology startups and companies in Kazakhstan and Armenia.

Following the meeting, participants expressed confidence in the successful evolution of this strategic partnership. The anticipated mutual benefits from joint initiatives aimed at supporting innovation and entrepreneurship are expected to be substantial.

About Astana Hub

Astana Hub is the largest technology park in Central Asia, aimed at creating and developing an ecosystem for IT business, training IT professionals, and supporting startup projects. Currently, 1,400 IT companies are registered in the technology park, with nearly 400 of them being foreign members. They receive comprehensive support, including business development and scaling programs, special tax and visa conditions, informational and educational support, as well as material infrastructure.

About EIF

Enterprise Incubator Foundation (EIF) is the leading organization in Armenia dedicated to fostering innovation. It promotes the advancement of the information and communications technology sector in Armenia by cultivating a conducive environment for innovation, technological advancement, and company expansion. Their activities encompass all facets of sectoral development, including legal reforms pertaining to ICT, improvements in business and education, investment attraction, establishment of financing mechanisms for startups, provision of tailored services and consulting for IT and engineering firms, among others.

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