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Astana selects 30 best start-ups in the field of energy to present at EXPO-2017

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by October 27, 2016 Legal

The main prize for 30 winners will be the presentation of their start-up projects at the international exhibition EXPO-2017. Besides, investors and experts have expressed a desire to finance the implementation of five best projects.

“Startup Fest NewEnergy will attract new technologies in Kazakhstan, as well as new investments in the energy sector and other sectors of Kazakhstan’s economy, and will positively influence the development of innovative start-ups in Kazakhstan,” said Minister of Energy of Kazakhstan Kanat Bozumbayev, opening the competition.

However, in addition to unconditional benefits for Kazakhstan, the competition will help innovators in the field of energy and “green” technologies to find sponsors for the project, as well as foreign partners for the effective promotion and improvement of their ideas.

Young engineers and technologists to 30 years represented their teams; Astana has become the capital of young people and new technologies for them.

“Astana is the fastest growing city in the world, the population has quadrupled since 1998 and reached 1 million inhabitants, and the turnover exceeded 40 billion dollars. Besides, young people aged 14 to 20 years occupy half of the population of our city,” said Astana mayor Asset Issekeshev, noting that the search for “smart” and energy efficient technologies is a priority for the capital of Kazakhstan.

According to mayor of the capital, Astana has a large demand for innovative technologies, the initiatives presented today, will be a success and with their direct use in the capital of Kazakhstan.

During the day, all teams will get their 90 seconds to present their projects and attract local and foreign investors and experts in the energy field and to enter the top 30 companies, which will have the opportunity to present their projects at EXPO-2017.

Source: The Prime Minister of Kazakhstan

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