The first stream of the Silkway Accelerator programme by Google for Startups and Astana Hub has already produced positive results. For example, startup UvU made pre-sales of more than $1.5 million during the training period on the project.
"This is the result we achieved with the support of our tracker on the programme. We had expected to make pre-sales of 3-4 times less. And, literally in the first month of training we revised our business model, made offers for our clients, learned how to prioritise and reached this figure", says Madiyar Toleugali, CEO of UvU.
The first stream of the programme was launched on 8 July, and training for start-ups will continue until the end of September. UvU selected the 15 best projects at the Product/Market Fit, Scale stage from Kazakhstan, Kyrgyzstan, Azerbaijan, Mongolia and Tajikistan for the first stream.
Program participants received free access to unique master classes and mentoring from top Google experts, experienced Astana Hub trackers and mentors, and PR support. In addition, Astana Hub provided participants with accommodation and a co-working space. They learned how to effectively build business processes, and partner relationships, scale up, and prepare themselves for attracting investment. The startups can also apply for funding up to 25m tenges under the Seed Money programme.
"The joint acceleration programme Silkway Accelerator from Google for Startups and Astana Hub is cutting-edge and unique for Central Asia. The first stream is already showing good results and we are launching the second stream, continuing our partnership with the global company and jointly helping startups to scale their projects effectively. I encourage start-ups to take advantage of this unique opportunity and actively apply for the second stream," said Abay Absamet, Managing Director of Development and Export at Astana Hub.
The second stream of the Silkway Accelerator programme starts already on September 2. Start-ups from Central Asia, Azerbaijan and Mongolia can participate in the selection process. The projects are evaluated by a special committee, which includes experts from Central Asian countries and representatives of Google Developers. The training will be conducted offline in Nur-Sultan and will last 3 months.
Applications for the Silkway Accelerator are accepted until 21 August.