Presentation on types of private equity to Startup Bootcamp residents

Chairman and co-founder of KG Labs Public Foundation Aziz Soltobaev shared with residents of Bishkek-based Startup Bootcamp incubator about types of private equity and venture capital, how to find your investor, how to pitch and close a deal.

Ideagrad is a startup incubator based in Bishkek that supports early stage entrepreneurs in the region by providing them with a comprehensive training and mentoring program along with a small seed capital. By providing entrepreneurs with a strong cushion during the difficult early phases, we help them focus on their strengths, convert their ideas into prototypes, and successfully scale their new ventures.

For more information about business incubator follow link:

Next stop Athens: Kyrgyz agro-innovations on the move

Congratulations! Kyrgyzstan’s trip to the future continues in Greece.

Do you remember our first blog about the Future Agro Challenge contest in Bishkek?

Kyrgyzstan’s inaugural Future Agro Challenge Kyrgyzstan 2015 competition culminated with a bang on 21 June. UNDP in Kyrgyzstan and KG Labs embarked on the very first steps in bringing together thought leaders and experts in Kyrgyzstan’s agricultural sector under one roof to discuss Central Asian agricultural innovations.

This year’s challenge winner was Kyrgyz greenhouse owner Tilek Toktogaziev.

His business develops innovative technology to monitor and control humidity and temperature levels greenhouses, which substantially reduces the cost of growing vegetables.

Tilek has been engaged in the greenhouse business for two years, and developed the monitoring system to solve problems faced during his day-to-day operations.

As the winner of the project, he will be representing Kyrgyzstan in the international Future Agro Challenge in Athens, Greece this October.

The event, while small, was an exciting learning experience for organizers and participants alike.

Throughout the competition, two themes became apparent:

  1. The concept and definition of innovation should be spread through public information campaigns in agriculture and animal husbandry.
  2. These know-how campaigns must be carried out extensively throughout the country.

Almost 40 applications were received for this year’s challenge, from which the organizers selected the strongest 20. Six teams were able to take part in the competition in Bishkek, including the participants from Osh, Naryn and Issyk-Kul provinces, who shared their ideas on innovative greenhouse technologies, mechanical water pump stations, dried and processed fruit paste technology, and a project on producing and distributing branded high quality fruits via community collectives.

Future Agro Challenge (FAC) is a platform for innovators and investors in the field of agro-industry, which aims to meet future challenges in the field of healthy sustainable food production and its delivery from the manufacturer to the consumer through the support of local farmers. The event was organized by KG Labs public foundation and United Nations Development Program in Kyrgyzstan.

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Meeting with State Procurement Department on web site improvements

On July 1, 2015, on behalf of Open Data team, Aziz Soltobaev met with development team of state procurement website ( based upon the letter sent on June 17, 2015.

Participants of the meeting discussed all shortcomings and bugs of the web site. State officials mentioned that many points were fixed based upon letter sent.

As a result of the meeting, participants developed working plan to fix it and make website more transparent, relevant and compliant with requirements on transparency. Sides agreed upon further collaboration on improvement of electronic state procurement.