Magzhan Madiev delivered a lecture for IT University students

The activities of the Astana Hub and the IT startup support programs were presented to the students of Astana IT University by Magzhan Madiev, General Director of the Technopark, as part of an open lecture.

Currently, 574 IT companies are residents of Astana Hub. For three years of work, startups have earned 166 billion tenge and attracted 48.4 billion tenge of investments, grants and loans. Thanks to tax incentives, IT companies saved 14.9 billion tenge.

In September 2021, Astana Hub launched the Tech Orda program, which will provide 100 Kazakhstanis with quotas of up to 600,000 tenge to study at leading programming schools.

5 startups received 20 million tenge ($47 thousand) for the development of their product as part of the implementation of the Seed Money program.

“If you want the project to be successful, you need to go into it with your head, deep dive. On average, the probability of a startup’s success is 1 in 300. If you are working on a project “on your knee”, part-time, in your free time, the chances are even less,” added the CEO of Astana Hub.

Magzhan Madiev also shared his experience in creating and developing startups. In particular, about the creation of the student community Kazakh Connection and the marketplace for the self-employed

“Create reasons for success and don't forget that courage takes cities,” said Magzhan Madiev.

Astana IT University is the leading digital transformation competence center in Central Asia. The university trains highly qualified specialists in the field of the digital economy based on interdisciplinary technologies and ensures digital transformation through training, research and successful innovations.

Recall that all participants of the international technopark of IT start-ups Astana Hub receive tax preferences. Preferences exempt participants from paying taxes such as CIT, VAT, VAT on imports of goods, royalty tax, PIT and social tax for non-residents. Such a measure of state support allows IT companies to reinvest the saved funds in the development of their projects.

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