Askar Mamin’s visit to San Francisco: startups, venture capital and digital technology
During this working visit to the USA, the Prime Minister of the Republic of Kazakhstan Askar Mamin visited San Francisco and met with the leadership of the world’s top companies in innovative and digital development, venture financing and energy.
The Head of the Government met with the leadership of the Center for the Fourth Industrial Revolution of the World Economic Forum (WEF) to discuss promising cooperation areas in the regulation of innovative technologies with the WEF’s CEO R. Samans.
Following the meeting, the Center for the Fourth Industrial Revolution and the Astana International Financial Center (AIFC) signed a document on strategic partnership in the development of the Internet of Things (IoT), which was the first step towards the opening the WEF Affiliate Center for the Fourth Industrial Revolution in Kazakhstan in 2020. Similar institutions operate in Israel, India, China, the United Arab Emirates, Colombia, South Africa, the USA and Japan, contributing to the provision of systemic state support for the development of the latest technologies and innovative projects.
The Prime Minister of Kazakhstan Askar Mamin held talks with the Head of the 500 Startups Venture Fund K. Tsai which resulted in signing the agreement to join the Kazakhstan National Development Institute QazTechVentures JSC to the V Global Fund 500 Startups.
The document establishes joint Thematic Venture Fund in Kazakhstan. The project will give an impetus to the development of venture financing and innovative entrepreneurship, providing start-up companies with venture capital.
Following the negotiations of Askar Mamin with the Financial Director of the Bright Sphere Investment Group (BSIG) S. Rana, Kazakhstan Direct Investment Fund (KIDF) and BSIG signed a memorandum of cooperation to create a joint fund in 2020 to finance infrastructure projects at the territory of Kazakhstan.
For reference: BSIG is a leading global investment group that manages over USD200 billion. It implements projects in 30 countries through 7 management companies, has 20 offices around the world and more than 850 institutional and large corporate clients.
Development of the innovative ecosystem, venture capital and start-up projects in Kazakhstan was considered during the conversation between Askar Mamin and the management of Plug and Play, whose office is planned to be opened on the Astana Hub.
In the negotiations with C3.ai’s CEO T. Siebel, the Head of the Government discussed issues of cooperation in the use of artificial intelligence in the oil and gas and other sectors of the Republic of Kazakhstan.
During the meeting with the President of the Cisco Transnational Corporation G. Diedrich, they considered the implementation of updated strategy for cooperation in the field of information technologies and achieving the goals enshrined in the Digital Kazakhstan State Program.
During the meeting with the CEO of One Web A. Shtekel, they considered the prospects for the implementation of the project on the widespread coverage of the territory of Kazakhstan, including remote and inaccessible areas, high-speed broadband Internet via communication satellites. As a result of the negotiations, AIFC Manager K. Kelimbetov and the Head of One Web A. Shtekel signed a document on further promotion of the project.
In the talks with D. Johnson, Executive Vice President Chevron Corporation for Exploration and Production, they discussed the development of the Future Expansion Project, further increase of Kazakhstan content on goods and services at the Tengizchevroil project, as well as the development of joint measures to improve social security and working conditions of Kazakhstan workers.
In negotiations with Valv Technologies President K. Hunt, they considered the possibility of opening a plant in Kazakhstan for the production of valves and gate valves for the oil and gas sector. It is planned to use the manufactured products as part of the Tengizchevroil Future Expansion Project, as well as export them to the markets of neighboring countries.
Askar Mamin met with the Founder of the 42 Computer Programming School and the educational IT company - Qwasar - K. Yamgnane, they discussed the prospects of cooperation in training specialists for the digital economy of Kazakhstan.
The Prime Minister visited the office and plant of the Tesla Company, where, as part of the meeting with the company’s management, they discussed the expansion of the network of gas stations in Kazakhstan and opening of service centers for electric vehicles.