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Almaty located in the almaty region of kazakhstan has a burgeoning startup scene that is gaining momentum the city has a rich history of entrepreneurship with many successful businesses being founded in the area the population of almaty is around 2 million making it the largest city in kazakhstan the technological innovations of the area are impressive with many startups focusing on areas such as fintech ecommerce and logistics companies such as chocofamily kaspikz and lamoda have all been founded in almaty and have gone on to achieve great success there are also many companies headquartered in the area including halyk bank kcell and kazakhtelecom the city is known for its beautiful architecture stunning mountain views and vibrant culture local universities such as alfarabi kazakh national university and kazakhbritish technical university provide a strong foundation for the citys startup scene with many graduates going on to start their own businesses the living wage in almaty is around 100000 kzt per month approximately 240 and the unemployment rate is around 5 the city level gdp is around 20 billion making it one of the most prosperous cities in kazakhstan the rate of new companies starting and ending is relatively high but this is to be expected in a city with such a dynamic startup scene overall the startup scene in almaty is thriving due to a combination of factors such as a supportive government a strong talent pool and a growing economy however there are still challenges to be overcome such as access to funding and a lack of infrastructure in some areas despite these challenges almaty is poised to become a major player in the global startup ecosystem
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