On April 17, the opening ceremony of the Business Incubator was held at the International University in Central Asia, which was the result of cooperation between IUCA and Kyrgyzpatent. The opening ceremony was attended by Vice-President of IUCA A.M. Kalchakeeva, Director of the Intellectual Property Fund of the Kyrgyz Republic Zh. Dzhumabaev, Vice-Mayor of Tokmok S.V. Stupnikov, Chairman of the Union of Entrepreneurs of the city of Tokmok B.K. Sydygaliev, entrepreneurs of the city of Tokmok, representatives of universities – project participants and university students. Within the framework of the competition, which has been held by Kyrgyzpatent since November 2020 among universities for the implementation of the practice of start-up accelerators and business incubators, 11 universities were selected from 36 universities, one of which was IUCA.
The purpose of the business incubator is to facilitate the commercialization of youth entrepreneurial ideas. The acceleration program of this project, which took place from February 24 to March 26, was attended by two IUCA faculty – A.A. Abdukarimova. and Abdykerimov M.
The creation of university incubators is a widespread practice aimed at encouraging student start-ups. Incubator creation is a business support process that accelerates the successful development of startups and young companies by developing and testing entrepreneurial skills in a free environment.
The IUCA business incubator will be a good help in teaching students relevant business technologies in the field of planning, analysis, raising funds and resources, as well as monetizing business, marketing, advertising, etc. The main technology of the business incubator is the acceleration of youth entrepreneurship in terms of creating and developing their own business idea and its transformation into a full-fledged business project.
There is full confidence that the IUCA business incubator will become an innovative platform for the creation, accumulation and development of youth initiatives in the field of business and entrepreneurship. The business incubator will also be available to Tokmok residents who strive to implement their business ideas and need advice on business planning and fundraising.
Thus, IUCA continues its work in the context of the university development strategy and the transformation of Tokmok into an academic city.