The history of the emergence of technoparks is usually associated with Stanford University, when its leadership decided to create a center for the latest technologies on its territory, which soon became known as Silicon Valley. The main task of technoparks is the development of innovative potential and the commercial implementation of innovative ideas. The creation of a technopark for the region means new jobs, the development of modern technologies, and for the state – the establishment of an innovative path of development. There are dozens of technoparks and business incubators in Kazakhstan that provide commercialization of innovative ideas. In Uralsk, the Algorithm technopark, which has been operating since 2004, is responsible for the development of technological structures. The mission of the technopark is to ensure the development of technological entrepreneurship, startup culture, the formation of demand for innovation, through the implementation of projects of participants of the small industrial zone and other small and medium-sized businesses implementing projects, including in the field of digitalization of sectors of the economy of Kazakhstan.

The building of the technopark "Algorithm" is located on the bank of the Chagan River and is a modern four-storey building. It houses offices of various companies, conference rooms.

In 2018, the Technopark co-founded the IT Association of the West Kazakhstan region. One of its goals is to create an organization for the management of small industrial zones. This contributes to the development of the market of small innovative companies, information technologies in the republic, including through participation and assistance to the state in the field of introduction and development of information technologies.

Among other things, the Technopark actively cooperates with 9 universities, the International Technopark of IT startups "Astana Hub" and JSC "QazTech Ventures".

Now the technopark plans to create a business incubator on the basis of the second floor of the building of the Gidropribor Research Institute, which will organize training seminars, accelerate residents' business projects and other activities.