Announcing the Chosen: Astana Hub's Seed Money 4.1 Program Funds Nine Innovative Startups

30 Apr, 2024
Announcing the Chosen: Astana Hub's Seed Money 4.1 Program Funds Nine Innovative Startups

The assessment process for projects under the Astana Hub – Seed Money 4.1 startup financing program has concluded. Here are the approved projects:

  • The Abyss Break: A contemporary FPS, Horror, Loot video game.
  • AblayKIT: A data encryption device supported by a USB token.
  • Set 24: Cloud infrastructure for smart micromarkets.
  • Q-SEND: A blockchain-based money transfer platform.
  • Foody: A solution for calorie tracking and nutrition optimization using computer vision.
  • Livin.kz: A service for rental housing placement and search.
  • RAGify: A solution focusing on optimizing the output of large language models.
  • Posture Fitness: A computer vision-based posture correction application.
  • Dungeons and Dangers: A PvE, RPG game.

Startups underwent a two-stage selection process:

  1. Initial review of applications for program compliance.
  2. Presentation of projects to an independent commission.

Each commission evaluated projects based on:

  • Team competence.
  • Business model scalability.
  • Product manufacturability.
  • Progress achieved.

Projects were scored out of 10 for each criterion, with a total maximum score of 40. A passing score of at least 25 was required.

Out of 107 applications, 50 projects were heard by the commissions.

Congratulations to the selected startups! Best wishes for the realization of their goals!