in-depth analysis and perspective
research of the venture capital market 2024
participate
why this research is important?
The research of the venture capital market 2024 aims to identify key trends, barriers and opportunities for startups, investors and accelerators. this project will help to understand the current state of the ecosystem and determine its growth prospects
the goal of the research is to facilitate the development of the venture capital in kazakhstan and attracting new investments
Business model of startups
Subscription 54 (54%)
Transaction 20 (20%)
One-time sales 12 (12%)
One-time sales + Subscription 4 (4%)
Subscription + Transaction 10 (10%)
112
breakdown of total number of startups by sector
AI & Big Data
GreenTech
Creative & Social
Grants
Ecom
EdTech
HRTech
Investments
MedTech
Smart City
Legal Tech
Tourism & Hospitality
Logistics
AgroTech
Robotics & Automation
FinTech
AdTech
$5.4М
breakdown of startups that raised investments by industries
Robotics & Automation $2M (35.9%)
AI & Big Data $1.4M (26.5%)
MedTech $660K (12.2%)
Ecom $580K (10.7%)
HRTech $300K (5.5%)
Logistics $300K (5.5%)
GreenTech $100K (1.8%)
AgroTech $100K (1.8%)
175
venture deals
totaling
$87M
MedTech $155 (15.6%)
Tourism & Hospitality $25K (2.5%)
$995k
GreenTech $734K (73.8%)
AI & Big Data $55K (5.5%)
Ecom $10K (1.0%)
breakdown of startups that attracted grants by industry
FinTech $7K (0.7%)
AgroTech $5K (0.5%)
EdTech $4.1K (0.4%)
$6.4М
total amount of money raised
Investments 5.4M (84.5%)
Grants $995K (15.5%)
results of the previous research
market leaders:
e-com
and fintech
(41%)
(12%)
support of AIFC
and government initiatives strengthens international cooperation
results of startups graduated from our acceleration programs
What have we achieved in 2018-2022?
statup ecosystem map
EdTech
eCommerce
AdTech
AI & Big Data
Creative & Social
GreenTech
FinTech
Legal Tech
Logistics
MedTech
Robotics and Automation
Tourism & Hospitality
HRTech
AgroTech
Smart City
of 30 companies for surveys and 5 for interviews.
A sample
Participate in the study and shape the future of Kazakhstan's startup ecosystem!
Your contribution will help us better understand the current challenges and find ways to develop venture capital. All participants will receive access to the full report and recommendations for the growth of the ecosystem.
Questionnaires
for IT startups, business angels, and accelerators
In-depth interviews
with key ecosystem participants
methodology of the 2025 research
how do we gather data?
Как мы собираем данные?
participation criteria
The study is open to startups, business angels, and accelerators operating in Almaty and Kazakhstan.
Main barriers to AI implementation:
As part of the research, we hosted
the QrltAI Hackathon & Startup Weekend
The concept was designed to bring together government officials and startup founders. At the beginning of the event, teams were given real-world cases to work on, developing innovative projects in response.
3
2
Insights from the QrltAI Hackathon & Startup Weekend research:
• The key obstacles to AI adoption in government agencies are: 45% – lack of infrastructure, 35% – insufficient quality data, and 20% – bureaucratic challenges.
• 85% of participants expressed a desire to continue their education and deepen their knowledge of artificial intelligence, indicating high demand for educational initiatives.
Lack of AI experts for implementation in government structures:
Interest in further AI education:
• In 80% of government agencies, there are no specialists to coordinate AI implementation. Only 20% of departments have such personnel.
1
5
Limited awareness of AI among government officials:
4
Number of solutions proposed for cases:
• About 65% of participants have a basic understanding of artificial intelligence, 25% have an intermediate level, and only 10% possess advanced knowledge in the field. This highlights the need for more in-depth educational programs for government officials.
Presence
• During the hackathon, the highest number of solutions were proposed in the fields of medicine (3 solutions) and transport infrastructure management (2 solutions). Other cases, including procurement control and price monitoring, received 1-2 solutions each.
of AI specialists in government institutions:
Intermediate (25%)
Advanced (10%)
Lack of Infrastructure
Level
Basic (65%)
With specialists (20%)
No specialists (80%)
Insights gained from the event:
Number of solutions proposed for cases
of awareness of AI among government officials
Bureaucratic Hurdles
Insufficient Data
Main barriers to AI implementation
Interest
in further AI education
Not Interested (15%)
Количество решений
Join the research!
Fill out the questionnaire to participate: