ONLY SULTAN. KAZINFORM The Astana International Financial Center Authority and 47Pitches have signed a memorandum to connect entrepreneurs from across Central Asia with investors from the US. The initiative is part of the AIFC’s mandate to promote investment in Kazakhstan and support entrepreneurship and talent across the country and region.
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The collaboration between the parties aims to develop LawTech startups and projects both regionally and globally, according to the AIFC’s official website.
In particular, the parties agreed to allow LawTech startups from Central to submit pitches on the 47Pitches platform and receive access to investment, networking and mentoring opportunities.
The development of legal technologies based on the AIFC will improve the efficiency and quality of legal services and make them more accessible in the Central Asia region.
Mark Deuitch, Founder of 47Pitches, said:
“After the success of 47Pitches in the US, I’m delighted that we can now connect investors with talented tech entrepreneurs across Kazakhstan and the Central Asia region. Legal technology is hip and one of the fastest growing areas for investment in the world, and I am delighted that the AIFC had the vision to see the potential and is a global leader in supporting legal tech development. ”
Mark Beer OBE, Chair of the AIFC Advisory Council on LegalTech Development, said:
“This memorandum marks the first stage in the Council’s ambitious plans to make the AIFC the world’s leading center for legal technology. By connecting investors with talent and working with 47Pitches, we hope to create a conducive environment for the region’s lawtech entrepreneurs to thrive. I would like to thank Governor Kelimbetov for his vision in founding the council and all my fellow councilors for their considerable dedication. “