BSE to boost Kazakhstan’s startup ecosystem as latter seeks support for listing, incubation platforms

BSE to boost Kazakhstan’s startup ecosystem as latter seeks support for listing, incubation platforms
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  • Kazakhstan's brand ambassador to India Bulat Sarsenbayev is looking to implement the startup listing platform and support offered by the Bombay Stock Exchange (BSE) to startups and small businesses at the Kazakhstan Stock Exchange (KASE) based in the country's financial hub Almaty.
  • BSE has three platforms for startups -  first, an incubator in collaboration with Ryerson University and the Simon Fraser University of Canada; second, SME platform with close to 300 companies listed; and third, startup platform for young hi-tech companies to get listed, BSE MD and CEO Ashishkumar Chauhan told Financial Express Online.
  • "Kazak ambassador recently visited BSE on a few occasions and expressed his interest in taking these models to implement them at Kazak stock exchange.
  • As on March 1, 2017, there were 520 Indian companies registered in Kazakhstan, out of which 259 are operational, The Indian Express had reported earlier.


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