Thriving amidst challenges: the future of venture capital in Kazakhstan
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Date
2024-06-24
Authors
Smagulova, Gulnur
Goncalves, Marcus
Version
Other
OA Version
Citation
G. Smagulova, M. Goncalves. 2024. "Thriving Amidst Challenges: The Future of Venture Capital In Kazakhstan" 30th ICE IEEE/ITMC Conference https://doi.org/10.13140/RG.2.2.20558.06721
Abstract
This presentation examines Kazakhstan's venture capital sector within Asia's developing markets, highlighting the influence of governmental support and the Astana International Financial Centre on the growth of tech startups. Through a literature review and research with local VCs, it addresses challenges like market instability, regulatory hurdles, and COVID-19 impacts. The talk emphasizes the necessity for solid partnerships, technological advancements, and deep local market understanding. It advocates for an ecosystem with clear regulations and international standards to foster innovation and economic development. Practical strategies for navigating the complexities of venture capital in developing markets, focusing on Kazakhstan, will be discussed, providing valuable insights for stakeholders in emerging economies.