The applications for the fifth batch of the Silkway Accelerator are now open

Astana Hub International Technology Park is thrilled to announce the commencement of the fifth stream of the Silkway Accelerator, an innovative startup support program in collaboration with Google for Startups. Applications for participation will be accepted until May 24 this year.

The Silkway Accelerator is an intensive three-month offline course that offers participants a unique opportunity to refine their business models and devise strategies for accelerated growth, scaling, and increased profitability.

IT projects at the PMF and Scale stages from Central Asia—specifically Kazakhstan, Tajikistan, Turkmenistan, Uzbekistan, Kyrgyzstan—as well as Azerbaijan, Georgia, and Mongolia are eligible to participate in the program.

"Since its launch in 2022, 49 startups have successfully completed the program, showcasing ongoing progress. For instance, CITIX saw a remarkable increase in valuation from $30 million to $40 million during the acceleration phase, expanding its reach to markets in Turkey and the UAE. In December, the company secured a $1 million investment from renowned investor Tim Draper. Similarly, effectively diversified its operations into new markets, resulting in a pre-seed valuation surge from $6 million to $10 million. Moreover, the company secured $1.1 million in funding from 12 prominent global venture capital investors and business angels. Collectively, the startups attracted a total of $26 million in investments, with graduates achieving a cumulative valuation of $425.1 million," said Yerbol Akhmetov, Director of the Astana Hub Business Programs Office.

One of the key opportunities within the Silkway Accelerator is the chance to meet investors, forge connections with venture funds, and engage with business angels. This paves the way for startups to access investment, financial support, as well as additional resources and expertise.

The program comprises training sessions, masterclasses, workshops, individual consultations, and the opportunity to engage with trackers to monitor performance. Highly qualified industry experts, who have successfully built businesses themselves, will provide one-on-one sessions covering marketing, finance, sales, and other functional areas to bolster startup development.

For more information about the Silkway Accelerator program and to apply for participation, please visit the provided link.

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круто, побольше бы таких программ!