CELEBRATE | November 20, 2017

GEW Kyrgyzstan Announces Incubator in Naryn Funded by Local Entrepreneurs

Photo Credit: Manas Cup 2017

This year the organizers of Global Entrepreneurship Week in Kyrgyzstan are aiming to promote youth entrepreneurship and work on building entrepreneurial ecosystems in villages of the republic. According to Aziza Ishmakhametova from the Central Asian Free Market Institute (CAFMI), the official host organization in Kyrgyzstan, the week is made possible with the partnership of 10 organizations with a mission to attract young people from all the regions of Kyrgyzstan to participate in the week.

The kick off of GEW in Kyrgyzstan started on November 11 with the debate competition “Manas Cup." This event, focused on the role of a free market in the development of entrepreneurship, gathered more than 100 young debaters from five countries.

Youth of Osh, a GEW Kyrgyzstan partner, is organizing two Youth Business Camps for young people from the southern regions of the country, connecting young leaders with successful entrepreneurs. The aim of the project is to motivate and activate the youth of Kyrgyzstan to take part in the economic development of their region through the creation of a communication platform for entrepreneurs to exchanging experiences and skills.

Enactus Kyrgyzstan, another GEW Kyrgyzstan partner is organizing the “Youth Fest” with the support of UNDP, UNFPA, government entities, Red Crescent Society of Kyrgyzstan and CAFMI. The festival will gather more than 500 young people from all over the country to inspire them and help them identify opportunities that will allow them to consider the path of entrepreneurship.

Kyrgyz Economic University is organizing lectures on entrepreneurship for more than 150 students with the participation of successful Kyrgyz entrepreneurs. The Association of Social Entrepreneurs is also hosting a number to events to promote social entrepreneurship.

BOOM Studio, considered one of the best event organizers in country, is organizing a number of interactive evens as part of the week. GEW partners AvtorZ and Biznes Molodost are running training sessions and seminars designed to help attendees take their first steps in business, and Senti is providing sessions on financial literacy and ways to attract financing through the stock market.

Overall, the week will directly reach approximately 1,500 of the most active young people of the Kyrgyz Republic—helping them pursue their entrepreneurial aspirations. The impact of the week has been phenomenal so far. As a result of the meetings held with the entrepreneurs of the Naryn region, the organizers launched a local incubator project with the aim of tackling poverty through expanding entrepreneurial initiatives. Local entrepreneurs have invested 1 million KGS to enable this project.

GEW Kyrgyzstan is hoping to improve the status of entrepreneurship in the country, with plans to expand such initiatives into villages of all regions as part of their #Endpoverty movement.

Buke Cuhadar serves as Vice President of Global Operations for the Global Entrepreneurship Network, a year-round platform of programs and… About the author