On July 9, 2024, the Central Asia Tech Summit x Startup World Cup Central Asia x Mongolia Economic Forum was held at the Chinggis Khan Museum, organized by Exponential Zaisan Partners, Pegasus Tech Ventures, and Nomadic Minds. This landmark event created a powerful platform to advance the startup ecosystem in Central Asia.
The summit showcased the region's growing potential and set the stage for future growth. It was inaugurated by H.E. Uchral Nyam-Osor, Minister of Digital Development & Communications, and H.E. Richard Buangan, US Ambassador to Mongolia. Keynote speeches and panels featured legendary investors and entrepreneurs, including Bill Rechert from Pegasus Tech Ventures, Lorenzo Thione of Gaingels, Rebecca Fannin of Silicon Dragon Ventures, Milan Reinartz of NonPublic, and Daniel Royu from TikTok, among others.
Leading corporations and venture capital funds supported the event, contributing significantly to the region's startup ecosystem. Synergy Fund Solution served as the gold sponsor, with MahoneyLiotta, Khan Bank, and Nippon Koei as bronze sponsors, each playing a crucial role in promoting local innovation.
The summit aimed to highlight and support the most promising startups from the region. Over 121 startups from Kazakhstan, Kyrgyzstan, Mongolia, and Uzbekistan applied, showcasing exceptional talent. From these, the top 20 startups were selected to present their ideas. The competition was fierce, with four standout winners emerging:
1st Place: CerebraAI
2nd Place: Rock Rigid
3rd Place: InvestBanq and ONDO Space
CerebraAI, the top winner, will join over 100 global finalists at the Startup World Cup Grand Finale in San Francisco on October 4, 2024, for a chance to win a $1,000,000 investment prize. All four finalists will also attend the We Make Future 2025 event in Italy.
The Central Asia Tech Summit, Startup World Cup Central Asia, and Mongolia Economic Forum marked a significant advancement in the startup landscape of Central Asia and Mongolia, indicating a promising trajectory for continued growth and success in this vibrant and innovative community.