Central Eurasia possesses immense untapped potential in the tech industry, according to the founders of Silkroad Innovation Hub. They report that with a total population of 100 million and an average age of 27, approximately 200,000 individuals graduate in STEM fields (science, technology, engineering, mathematics) each year. The region has all the necessary components for tech industry development: universities, a startup ecosystem, venture capital funds, and representatives in Silicon Valley through the Silkroad Innovation Hub. In its first year of operation, the hub attracted 80 resident startups, which collectively secured over $30 million in investments.
The prospects for startup growth were discussed at the Central Eurasia at Silicon Valley conference, held in Silicon Valley, as reported by a correspondent from the Kapital.kz business information center. The event took place in a significant location for Silicon Valley - the Yerba Buena Arts Center, where Apple founder Steve Jobs first introduced the iPhone and iPad to the public.
The conference organizers are confident that in the next 10-15 years, we can expect the emergence of major unicorn companies from Central Eurasia, including Kazakhstan, Uzbekistan, Kyrgyzstan, Azerbaijan, Turkey, Mongolia, Tajikistan, Turkmenistan, and Georgia.