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By proactively engaging with startups to accelerate the innovation effort the established industries and the entire countries can create unique competitive advantages and find sources of growth.
REDWOOD CITY, CA, April 19, 2017 /24-7PressRelease/ -- On April 13, 2017, Silicon Valley Innovation Center hosted the Prime Minister of Kazakhstan, Bakytzhan Sagintayev, and a delegation of high-ranking executives representing the country's state-owned and private companies. The delegation met with SVIC's executives and discussed approaches for accelerating innovations in Kazakhstan through collaboration with the vast innovation ecosystem of Silicon Valley.
During the dynamic, interactive session, the participants of the meeting discussed the unique opportunities presented before Kazakhstan by the 4th industrial revolution and the disruptive technological innovations emanating from Silicon Valley.
Kazakhstan ranks 48 in Bloomberg's Innovation Index of top 50 innovation economies in the world. Modernization of existing industries and support of the growth of the new ones is high on the state's agenda. Cooperation with Silicon Valley, which is a recognized capital of technological innovation, a home of more than 15,000 start-ups and 2 million engineers, where more than third of all innovations worldwide are created, can help uncover tremendous growth opportunities behind the threats of the disruptive technologies.
"In the fast-moving, ever-changing digital world, governments and corporations are starting to understand that the disruptive technologies could be our friend. By developing an understanding the key transformation trends, identifying the cutting-edge technologies driving the change and by proactively engaging with startups to accelerate the innovation effort, the established industries and the entire countries can create unique competitive advantages and find sources of exponential growth," says Andrey Kunov, President and CEO of SVIC.
"Companies such as Silicon Valley Innovation Center, with the deep expertise in accelerating corporate innovation and a vast network of different players within the Silicon Valley ecosystem, are uniquely positioned to connect Kazakhstan with the cutting edge technologies of Silicon Valley," commented Andy Zhulenev, VP of Corporate Innovation Services at SVIC.
About Silicon Valley Innovation Center
Since 2012, Silicon Valley Innovation Center (SVIC) has been empowering senior-level executive leaders from around the world to uncover business growth opportunities behind the threats of disruptive technologies. SVIC provides expertise on the business impact of disruptive technologies by creating exclusive executive management programs, cutting-edge thought leadership summits, and breakthrough corporate innovation acceleration programs. For more information go to www.siliconvalley.center
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