Five Startups to Receive ₸50 Million in Seed Money 4.2 Program
Astana Hub international technology park has announced the results of its Seed Money 4.2 funding program. Out of 150 applications submitted, 63 projects were shortlisted for consideration. After a rigorous evaluation process, five startups were selected to receive funding, with each startup awarded ₸10 million.
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Beyond the financial support, participants of the Seed Money program will benefit from a range of opportunities, including B2B/B2G meetings, networking with investors and business angels, and consultations with industry experts.
The five startups that secured funding in the Seed Money 4.2 program are:
- Nextgen Truck Simulator: A mobile game that simulates driving various types of vehicles.
- Baqa: An educational app designed for children.
- MathsHub AI: A platform that uses AI algorithms for content localization.
- Webapi.ai: A chatbot constructor for automating customer support and sales.
- Alem: A smart guide for tourists.
Since its inception in 2021, the Seed Money program has funded 45 projects, with individual grants ranging from ₸5 million to ₸24 million. Notably, 67% of these startups have achieved profitability and successfully scaled their operations.
The funding is provided through a Revenue Share model, requiring a 1% payment after all funds are spent within five years. This approach helps sustain the ecosystem and supports the funding of new startups in future rounds of the Seed Money program.
Comments 6
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Alexandr Timofeyev · Aug. 26, 2024 11:46
🔥🔥🔥
Inju Baltabekkyzy · Aug. 16, 2024 14:38
Іске сәт!
Асылбек Аленхан · Aug. 8, 2024 13:17
Alem – интересный проект.
Zhasmina Dybysbay · July 23, 2024 15:46
Я бы послушала презентацию Webapi.ai, звучит перспективно
Бақдәулет Есназаров · July 23, 2024 14:38
Класс
Sapargali Kambar · July 15, 2024 17:32
Изза технической ошибки портала наша заявка выпала из системы.