Startups in the CAREC Region
January 2022
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Dear friends & partners,
This is the January 2022 edition of the monthly newsletter on initiatives relating to startup ecosystems in the CAREC region. The newsletter, which is prepared by the CAREC Secretariat, highlights relevant developments on startups and related sectors such as 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.
Regards,
Team CAREC
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The World’s Most Valuable Unicorn is in China
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Start-up companies with capitalizations above $ 1 billion are known as ’unicorns‘ in the financial world. As of December 2021, there are more than 936 unicorns around the world and 35 decacorn startups with a valuation above $10 billion, spread out across different countries and industries. The U.S. and China together accounted for over 70% of the 35 biggest startups. China's ByteDance tops the list at a valuation of $140 billion followed by Elon Musk's SpaceX ($100,3 billion). The UK (3) was the next most frequently listed headquarters, while Australia, Brazil, Germany, India, and Sweden each had one of these unicorns on the list.
For details please follow this link.
Source: visualcapitalist.com
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Azerbaijan's AzInTelecom is Expanding Cooperation
with Startups, Acceleration Centers
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AzInTelecom aims to collaborate with Azerbaijani startups and acceleration centers through the AZCLOUD ScaleUp initiative, which allows startups to access the company's cloud service for free. The AZCLOUD ScaleUp initiative, developed in collaboration with startups and acceleration centers, intends to build the startup ecosystem in Azerbaijan and to help successful startups in the incubation stage.
For details please follow this link.
Source: azernews.az
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Game-Changing Tech Start-up of a Young Woman
for Uzbekistan's Farmers and Exporters
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Profit margins for Uzbekistan's exporters are poor since many products are not efficiently delivered from farmers to end consumers. Startup Dalatek created in late 2020 is a web-based platform that efficiently connects farmers with exporters and other buyers.
Dalatek has 1,200 users since its introduction in September and aims to be “a platform that connects all players in the agricultural sales chain.” This might be a game changer for Uzbekistan's agriculture industry, which generates 28% of GDP and employs 27% of the labor force but is hampered by antiquated procedures. Involving banks would help shift from cash to digital payments, said Atadjanova, recalling the nerve-racking experience of driving around Uzbekistan with 1 billion sums (almost $100,000).
For details please follow this link.
Source: eurasianet.org
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First Fully 5G City in Kazakhstan to Be Founded in Turkistan
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The first 5G city will be built in Turkistan, the Turkic world's capital, and will be sponsored by Kcell and Ericsson corporations. Kcell and Ericsson aim to boost the development of 5G technologies in the country under their strategic agreement. “The launch of 5G in Kazakhstan will boost digital economy development.
A new generation network will accelerate the development of artificial intelligence, the Industrial Internet of Things (IoT), the smart city concept, cloud computing, and Big Data,” said Kcell CEO Yuri Kharlamov.
For details please follow this link.
Source: astanatimes.com
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Mongolia: 59 Permissions will be Available
Digitally in Ulaanbaatar
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Starting on January 1, 2022, a total of 59 services out of 82 in Ulaanbaatar will be available digitally. This will help to eliminate bureaucracy in the public services of Ulaanbaatar. To oversee the digital transformation and the elimination of corruption and bureaucracy a National Committee was formed in the country.
Officials regularly report on the development of projects aimed at linking the districts with fiber optic cable and high-speed internet, ensuring cyber security, and digitizing permissions issuance to citizens.
For details please follow this link.
Source: montsame.mn
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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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