In Karaganda, a community of venture investors is being created. More than 50 million tenge were invested in startups

In Karaganda, a community of venture investors is being formed, which unites business angels and startups to support innovative projects. The initiative to create the community was the startup ecosystem “Terricon Valley,” through a new branch of Terricon Venture, which is engaged in attracting investments and selecting promising startups, writes pivot.uz

Investments and Acceleration

This year, with the support of business angels, more than 50 million tenge was invested in four startups. Among the companies that received the investment are 22AI, Zantech, Renda and Teleport 3D. These startups passed the acceleration program, which gave them the opportunity to scale and develop.

“Since the launch of the new stream of the Accelerator “Terricone Valley” in June this year, we have invested more than 50 million tenge together with business angels in four startups and provided grants for the development of several more projects. This is only the beginning, but it is already visible that the efforts of business angels and startups are yielding tangible results,” says Maria Zhirkova, head of the Terricon Venture department.

Plans

In 2025, Terricon Venture plans to open a business angel club to exchange experience and attract new startups. This year, 80 million tenge has been allocated for incubation and acceleration programs.