Saby charity fund, one of the oldest and most reputable in Kazakhstan, invited young businessmen to present their projects to the contest. The annually held “Build your business” contest is held in a seventh time. The terms are simple: the winner will get 100,000 euro in national currency equivalent to develop his or her own business. The project description should be submitted in a filled form. A short Youtube video presentation is required. The prize is not refundable: the winner takes it for free.

As a result of the complex process thirty six projects were selected. The full list is available at Saby’s official website.

Aselle Tasmagambetova, the Saby's fund chairwoman, at the 2019 Build Your Business contest finale.
Aselle Tasmagambetova, the Saby’s fund chairwoman, at the 2019 Build Your Business contest finale.

The tendencies are quite interesting. Holistic approach dedicated to the green products and services are characteristic for many contenders in food and agriculture industries. Human development projects, educational projects, decentralized economy are the leading trends in the new Kazakhstan economy. There are even space exploration startups! All ideas although are business-oriented and partially implemented.

It makes this oil-rich nation in line with more developed economy as the businessmen recognize that the people is the source of the wealth in a long run, not just a gas and oil resources.

The winner will be determined in March. He will get the financial prize and support from the fund’s professional team, special sponsorship from Microsoft and other companies.

Saby fund was founded by Kenes Rakishev and Aselle Tasmagambetova. Kenes Rakishev is one of the Forbes-listed top-50 business figures of the country. He is perhaps one of the most recognizable figure of modern Kazakshtan’s business. His interests extend to the pioneering blockchain smartphone technologies, cyber security, startup companies as well banking, insurance and financial services.

rakishev kenes, aselle tasmagambetova
Kenes Rakishev and Aselle Tasmagambetova.

Recently he acquired Amanat insurance company and gave permission to merge his Singulari Team with Israeli tech security company. Singulari Team is known for its revolutionary Finney smartphone and the innovative resource-sharing Sirin (SRN) cryptocurrency ICO.

The fund’s chairwoman, Aselle Tasmagambetova, is at the heart of many Saby’s initiatives. Saby’s project to save Caspian seal from extinction was highlighted at the recent International Caspian Dialogue Forum held in Moscow. Her personal involvement in all charity programs made her a model philanthropist and the source of hope for many she helped to get back on feet.

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