Startups in the CAREC Region
                                                                            December Edition

Dear friends & partners,
We are excited to share the latest edition of our monthly newsletter on highlighting new initiatives relating to startup ecosystems in the CAREC region. The newsletter, which is prepared by the CAREC Secretariat, highlights the newest developments and news on startups, information and communication technologies, and digital transformation.

We welcome you to share activities from your organization to be included in this newsletter. The newsletter is shared with various institutions across the CAREC region, including organizations in the private sector, government agencies, multilateral banks, media outlets, non-governmental agencies, and others.

Training and Consultation to Improve the
Virtual Connectivity of CAREC Related Entities and Agencies

From October 26 to November 12, 2021, a series of workshops were held as part of the CAREC Program to help government counterparts improve their digital skills and virtual connectivity. The workshops provided instruction on how to use virtual meeting tools and platforms effectively. Individual consultation sessions were also conducted for those who required additional support and guidance.

The CAREC Secretariat's activities aim to improve the quality of virtual dialogue under ADB TA 6602: Supporting the Startup Ecosystem in the Central Asia Regional Economic Cooperation Region to Mitigate the Impact of COVID-19 and Support Economic Revival.

For details please follow this link

Tribe-V and Astana Hub will Develop
the Investment Community in Kazakhstan

A memorandum of mutual cooperation was signed on November 16 between Astana Hub and the Tribe-V venture capital company.

Tribe-V is a global venture capital community that builds its skills and experience to co-invest in high-growth startups through Tribe-V syndicates. It is represented in more than 20 countries of the world, has 16 official representations, and has more than 1000 investors.

The community is involved in priority areas of startups such as healthtech, fintech, edtech, traveltech, robotics, automation, AI, and supply chain.

For details please follow this link

TiE Islamabad Chapter Jointly with the US Embassy Launched the 8th Edition of Pakistan Startup Cup 2022

On 8th November 2021, TiE Islamabad launched the 8th edition of the Pakistan Startup Cup in collaboration with the US Embassy Islamabad. TiE Islamabad has managed the Pakistan Startup Cup, a national-level startup competition, for the past 10 years.

During this time the startup ecosystem has evolved tremendously. In collaboration with the US Embassy in Islamabad, it has expanded the competition's initial scope to include entrepreneurs from across the country.

For details please follow this link

Support of Women’s Entrepreneurship and
Prospects in Tajikistan

An article on entrepreneurship and women empowerment in Tajikistan discusses the development of small and medium-sized enterprises that drives an economic growth engine and presents a tool for job creation.

The article elaborates that Tajikistan has shown positive results in terms of promoting women's rights and developing women's entrepreneurship through taking measures to ease the entrepreneurial burden for women. These measures have included exemption of women entrepreneurs from taxation during maternity leave; amendments and additions have been made to the rules of taxation of individual entrepreneurs running their businesses at home; and abolishment of the state fee for the registration of business entities and reducing costs. Attention was also paid to the participation of female entrepreneurs in agricultural development, because Tajikistan is an agrarian country, attracting women to develop their activities in this sector will push the development of the sector as a whole.

The global trend also includes an increase in female entrepreneurship because female entrepreneurship and their participation in the economy contribute to the economy's prosperity, growth, and strength.

For details please follow this link

Global Entrepreneurship Week in Turkmenistan

Global Entrepreneurship Week (GEW), which started this year on 8 November, brought together the participants of the entrepreneur ecosystem from 180 countries of the world. Primary objective of GEW is the global formation of the entrepreneurial culture and development of entrepreneurial potential.

Within the week in Turkmenistan businesses had a chance to learn about the latest entrepreneurial products and initiatives, as well as to exchange achievements and the level of development of entrepreneurial culture in their respective regions. The first results of StartUp Academy by МСТ Agency operation that developed 14 projects were also presented. 

For details please follow this link

About CAREC Program 
The Central Asia Regional Economic Cooperation (CAREC) Program is a regional cooperation initiative consisting of 11 member countries and development partners and aims to promote development through cooperation, leading to accelerated economic growth and shared prosperity. The CAREC 2030 Strategy emphasizes the integration of information and communication technology (ICT) across the CAREC Program’s spectrum of operations. Through its upcoming digital initiatives, efforts are being made to accelerate digital adoption in the Program’s five operational clusters. These initiatives will also support innovation and entrepreneurship to promote economic growth, create new jobs, and improve access to services. The Program is harnessing startup ecosystems at the regional level to encourage activity and collaboration with the private sector.
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Copyright © 2021 CAREC Program. All rights reserved.

The purpose of this communication is to apprise you of various activities in the CAREC region relating to startup ecosystems, digitalization, and information technology.