On April 23, 2024, Uluk Kydyrbaev, the head of the Secretariat of the Investment Council, held a meeting with Ms. Bolormaa Luvsandorj, Founder of KITE Mongolia. KITE Mongolia is a business accelerator that specializes in developing sustainable startups and exploring opportunities for further cooperation and the development of joint investment projects.

KITE Mongolia offers comprehensive support to startups at various stages of their growth, including angel investment, pre-financing, mentorship, and access to a network of industry professionals. Ms. Luvsandorj emphasized that the company aims to support entrepreneurs, particularly young people who wish to make positive changes in society through startups.

The Secretariat of the Investment Council expressed gratitude for KITE Mongolia's efforts in fostering innovation and sustainability within the Mongolian startup ecosystem and noted the importance of such initiatives in stimulating economic growth, creating new jobs, and addressing relevant social and environmental issues.

Both parties confirmed that KITE Mongolia and the Investment Council will continue to explore joint projects aimed at unlocking the potential of IT entrepreneurship in Kyrgyzstan.