Dear friends & partners,
We are delighted to bring you the latest news on startup ecosystems in the CAREC region. Our newsletter highlights various developments in the areas of startups, ICT, and digital transformation.
We would be happy to report on your organization’s work, so feel free to share your story or article with us. This newsletter is distributed to various stakeholders in the CAREC region. For more updates join our telegram channel: https://t.me/CAREC_digital
Regards,
Team CAREC
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Digitalization Policy and Initiatives
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Uzbekistan issues first crypto licenses to two local crypto companies
Uzbekistan has begun issuing regulatory approvals to regional cryptocurrency service providers as they get ready for the country to adopt a new cryptocurrency framework in 2023.
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China promotes digital transformation of SMEs
China’s Ministry of Industry and Information Technology has recently released a guideline to facilitate the digital transformation of small and medium enterprises (SMEs). The guideline calls for the creation of digital applications for instant communication, long-distance collaboration and project management during SMEs transformation.
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Opportunities and Upcoming Events
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CAREC University Startup Generator 2023
The CAREC University Startup Generator is a competitive innovation challenge for university students in the Central Asia Regional Economic Cooperation (CAREC) region to develop practical, entrepreneurial and soft skills by tackling real-world social and corporate problems. This initiative intends to support the development of talent within the innovation ecosystem and foster innovative approaches to addressing local challenges. Click on the link above for more information.
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CIN Members’ workshop: "Investing in Frontier and Emerging Markets
The CAREC Innovation Network (CIN) is hosting a workshop "Investing in Frontier and Emerging Markets" on Thursday, December 8, 2022 at 4:00 pm Manila Time. CIN is a community for all startup ecosystem builders in the CAREC region. CIN organizes various activities to support and enable the ecosystem builders towards regional cooperation, collaboration and scaling their impact.
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Startup Ecosystem Initiatives
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CIN Members’ workshop: Understanding Startup Ecosystems
On 16th November, the CAREC Secretariat organized a workshop on “Understanding Startup Ecosystems”. The virtual meeting brought together more than 30 participants (including accelerators, and incubators) from 7 CAREC member countries. The objective of this workshop was to highlight the value that Ecosystem builders create and add for the startups to grow.
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Central Asian delegation presented startup ideas at EdTech Asia Summit in Singapore
A team of 13 education professionals from Central Asia took part for the first time in EdTech Asia’s sixth annual summit in Singapore. The delegation included the founders of education companies in Kazakhstan and Kyrgyzstan. As the founder of Edtech Asia Summit Mike Michalec said, the goal was to share with the global community how Kazakhstan, Kyrgyzstan, and CA, in general, should be engaged in greater Asian EdTech.
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Pakistan’s Chiragh Education Technologies wins pitch fest at A-hub global accelerator in Morocco
Pakistan’s Chiragh Education Technologies managed to beat 17 other startups to secure 1st place and $10,000 at the first-ever A-Hub Grand finals in Rabat, Morocco.
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Kyrgyzstan and Abu Dhabi to help women who want to start businesses
To encourage the growth and diversification of commercial and bilateral partnerships between the women founders and entrepreneurs of both regions, the Women’s League of Central Asia (Kyrgyzstan) and the Abu Dhabi Businesswomen Council convened.
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Turkmenistan is blooming: Why?
This article observes how the digitalisation agenda and digital economy initiatives promoted through a government programme brings Turkmenistan Into the Central Asian future rather than its past.
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Azerbaijan's transformation into an IT hub: reality and prospects
Digitization and development in the IT sector are a major part of Azerbaijan’s new development model. For several years now the country has been expanding its work to provide state-level support to develop the IT sector and to create new start-ups. This article analyzes if the work done in the IT sector can transform Azerbaijan into an IT hub in the South Caucasus.
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About CAREC Program
The CAREC 2030 Strategy emphasizes the integration of information and communication technology (ICT) across the CAREC Program’s spectrum of operations. As part of its CAREC Digital Strategy 2030 implementation and upcoming initiatives, efforts are being made to accelerate digital adoption in the Program’s five operational clusters.
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