IT Park, Aloqabank Commercial Bank and Aloqaventures Venture Fund launch a corporate accelerator for start-up projects

IT Park, jointly with the "Aloqabank" commercial bank and the "Aloqaventures" Venture Fund to kick off "AloqaTech Lab" IT entrepreneurship development program that focuses on creating a corporate accelerator and organizing a platform for pilot launches of start-up projects with their services and products within the emerging digital ecosystem of "Aloqabank".

Participation in the program for each start-up project lasts for 3 months and includes a wide range of technical, financial and marketing support, as well as mentoring from qualified experts and project managers.

The acceleration program also envisages the virtual participation format for startup projects. The format enables gaining the whole range of support and mentoring online, which is especially beneficial for teams across the regions of the republic.

The program invites start-up projects to participate in the following areas:

- Financial technologies (FinTech);

- Electronic commerce and marketplaces (eCommerce);

- Cloud technologies for business (CloudTech);

- Artificial intelligence for business (AI).

Each startup project team will work together with professionals of the "Aloqaventures" Venture Fund, the Aloqabank commercial bank, and IT Park within the direction chosen.

Acceleration program provides start-up project teams with wide range opportunities such as co-working and office space, educational and consulting activities, technical equipment, PR support, networking and partnership, as well as other opportunities that start-up projects might need.

The acceleration program welcomes both beginner teams with a startup idea and more experienced ones with an elaborated business model and MVP.

Upon completion, the best startup projects have the opportunity to attract up to 50 thousand US dollars of investments from the Aloqaventures Venture Fund.

Applications deadline: from April 8 to April 28.

The acceleration program takes place from May 20 to August 20, 2022. Demo Day is scheduled for September 5, 2022.