ENTREPRENEURIAL ECOSYSTEMS: THE KEY TO SUSTAINABLE BUSINESS DEVELOPMENT

This article examines the role of the entrepreneurial ecosystem in Kazakhstan as a key element for achieving sustainable economic growth and diversifying the economy. It analyzes existing international practices of successful ecosystems, such as Silicon Valley, Israel, and Singapore, to identify strategies applicable to the Kazakh context. The article discusses the main challenges faced by startups in the country, including reliance on raw materials, a lack of innovative sectors, and limited access to capital. Recommendations are presented for improving government support, developing startup infrastructure, and preparing qualified personnel, with an emphasis on the need to implement green technologies. The study highlights the importance of collaborative efforts among the government, private sector, and educational institutions to create a favorable entrepreneurial ecosystem that fosters innovative development and sustainable economic growth in Kazakhstan.

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Publication Details

Journal
Education Quality Assurance
Published
2024-09-30
DOI
https://doi.org/10.58319/26170493_2024_3_91
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
0.00
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article

ENTREPRENEURIAL ECOSYSTEMS: THE KEY TO SUSTAINABLE BUSINESS DEVELOPMENT

A. Yesturliyeva, Z. Zhailaubayeva, Dina Mangibayeva
Education Quality Assurance
Entrepreneurship Studies and Influences
article

ENTREPRENEURIAL ECOSYSTEMS: THE KEY TO SUSTAINABLE BUSINESS DEVELOPMENT

A. Yesturliyeva, Z. Zhailaubayeva, Dina Mangibayeva
article en

Abstract

This article examines the role of the entrepreneurial ecosystem in Kazakhstan as a key element for achieving sustainable economic growth and diversifying the economy. It analyzes existing international practices of successful ecosystems, such as Silicon Valley, Israel, and Singapore, to identify strategies applicable to the Kazakh context. The article discusses the main challenges faced by startups in the country, including reliance on raw materials, a lack of innovative sectors, and limited access to capital. Recommendations are presented for improving government support, developing startup infrastructure, and preparing qualified personnel, with an emphasis on the need to implement green technologies. The study highlights the importance of collaborative efforts among the government, private sector, and educational institutions to create a favorable entrepreneurial ecosystem that fosters innovative development and sustainable economic growth in Kazakhstan.

Education Quality AssuranceVol. 36(3)
Industry, innovation and infrastructure
Openalex Percentile: Top 58%
Entrepreneurship Studies and Influences
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