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Best Practices in Science Commercialization: Kazakhstan and UK Collaborate

A delegation from the Kazakh Science Fund led by Kamil Akatov, Chairman of the Board of the Science Fund JSC, recently visited the United Kingdom and had the opportunity to meet with representatives from various local ministries and institutions directly and indirectly related to the sector.   This visit facilitated the exchange of valuable insights and set the stage for a series of initiatives, such as joint research projects and knowledge exchange programs, to enhance collaboration between the two countries.



The Kazakh Science Fund has recently acquired new functions under the "Science and Technological Policy" law, which includes venture financing, acceleration, and business incubation.  These tools are not just expected but crucial to significantly enhance the commercialisation of technologies.  According to the representatives of the Science Fund, leveraging international experience is crucial for aligning science with the country's industrial needs.


The Science Fund representatives visited The Enterprise Hub at the Royal Academy of Engineering. Ana Avaliani, Director of enterprise and sustainable development at the Royal Academy of Engineering, welcomed the team. The Enterprise Hub has driven innovation through its comprehensive support for engineering and technology start-ups. The Royal Academy's Enterprise Hub provides entrepreneurs with access to funding, expert mentoring, and a network of industry leaders, helping to transform cutting-edge research into successful businesses.


Neil Marshall, Development Director at ChangeSchool, expressed his enthusiasm, saying, "It's a wonderful collaboration.  It's all about learning from each other and improving our own system with the help of Kazakhstani people.  We hope to work together in the future to both improve and bring technologies to change our world.  At ChangeSchool, we are proud to be part of this transformative initiative and look forward to seeing the tangible benefits it will bring."




Staff from the Science Fund also met with representatives from various local ministries and the UK Universities Association, a key partner in fostering partnerships between the scientific organisations of the two countries. The meetings focused on identifying potential collaboration areas and the Association's role in facilitating these partnerships.


"The UK is one of the leading nations in commercialising science.  We plan to implement their experience in Kazakhstan.  The practices of their universities are also interesting, as they have developed acceleration programs and business incubators.  They work directly with venture capital as well," stated Kamil Akatov, Chairman of the Board of the Science Fund JSC.




This collaboration between Kazakhstan and the UK signifies a major step forward in the global effort to translate scientific research into tangible economic and societal benefits.  By leveraging each other's strengths and experiences, both nations aim to set a benchmark in science commercialisation that can inspire similar initiatives worldwide. The collaboration is expected to bring mutual benefits, such as accelerated technology commercialisation and enhanced global competitiveness in the science and technology sectors.

 

For more information and updates on this collaboration, stay tuned to ChangeSchool's blog and follow our journey as we continue to drive innovation and impact through international partnerships.

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