What activities does “Baiterek” NMH JSC carry out?

“Baiterek” National Managing Holding JSC is the key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures implementation of Kazakhstan economy’s sustainable development by diversifying it, supporting innovation, developing exports, and increasing labor productivity.

Key tasks:

  • Development of non-resource-based sectors of the economy;
  • Entrepreneurship development (private sector of the economy);
  • Support for urbanization in the economy;
  • Support for the export of non-resource-based products;
  • Development of innovations.

Strategic directions of activities:

  • Support for entrepreneurship in the segment of large businesses;
  • Support for entrepreneurship in the SME segment;
  • Increasing housing affordability;
  • Increasing export capacity;
  • Transfer of technologies and introduction of innovations.

The following subsidiaries have been operating within the Holding since March 16, 2021:  

While supporting large enterprises, "Development Bank of Kazakhstan" JSC, "KazakhExport Export Insurance Company", "Kazyna Capital Management" JSC, "Kazakhstan Project Preparation Fund LLP" and "Kazakhstan Investment Fund" JSC provide such support instruments as debt and equity financing, insurance of export operations, lease financing and consulting support for the structuring and support of projects, including those implemented under the PPP mechanism.

For small and medium-sized businesses, "Damu Entrepreneurship Development Fund" JSC provides enterprises with three support tools - subsidizing the interest rate, guaranteeing loans and conditional placement of funds in second-tier banks.

The Development Bank of Kazakhstan and KazakhExport support non-resource exporters, and QazTech Ventures, as a fund of funds, promotes the development of technology entrepreneurship through venture financing, business incubation and technology consulting instruments.

JSC Housing Construction Savings Bank Otbasy Bank (JSC Otbasy Bank) and JSC Kazakhstan Housing Company (until January 2021, IO Kazakhstan Mortgage Company) are focused on increasing the financial affordability of housing by developing financing, mortgage lending, subsidies and rental housing.

In pursuance of paragraph 52 of the National Action Plan for the implementation of the Address of the Head of State to the people of Kazakhstan dated September 1, 2020 "Kazakhstan in a new reality: time for action", measures were taken to create a single development institution by joining the KazAgro holding to the Baiterek holding. In this regard, the Baiterek holding, retaining all its functions, included three subsidiaries.

Thus, "Agrarian Credit Corporation" JSC contributes to the sustainable development of the country's agro-industrial complex (AIC). The technical equipment of the agro-industrial complex of the country is assisted by "KazAgroFinance" JSC, which provides quality and competitive leasing services. "Fund for Financial Support of Agriculture" JSC finances small businesses in order to develop priority areas of the agro-industrial complex and increase the level of employment.

We note that it is planned to further reduce portfolio companies to 7 with a subsequent adjustment of the staffing level.

Which government programs is the Holding an operator for?

Which tools for large businesses support are available at the Holding?

The Holding’s subsidiaries, the Industrial Development Fund JSC, “KazakhExport” Export Insurance Company JSC, Kazyna Capital Management JSC, Kazakhstan Project Preparation Fund LLP and Investment Fund of Kazakhstan JSC, while supporting large enterprises, also provide the support tools such as debt and equity financing, export insurance, leasing financing and consulting support for structuring and supporting projects, including those implemented under the PPP mechanism.

What SME support tools are available at the Holding?

Small and medium-sized enterprises JSC "Entrepreneurship Development Fund "Damu" provides three support tools:

  • subsidized interest rate
  • loan guarantee
  • program of conditional placement of funds in second-tier banks and other financial institutions for subsequent lending to micro, small and medium-sized businesses.

What is a subsidy and how do I get it?

Subsidizing - this is a form of state financial support for entrepreneurs, used to partially reimburse the costs paid by an entrepreneur to a bank / leasing company as remuneration for loans / leasing in exchange for fulfilling certain conditions related to the entrepreneur's operating activities in the future.

First of all, know that if you plan to do business in the city, then it is necessary that your activity be included in the priority sectors of the economy (link to the list of priority industries). If the business is carried out in the area, then there are no industry restrictions, and you can get a subsidy for any activity that does not contradict the current legislation.

What is a guarantee and what are the conditions for obtaining a Guarantee?

A form of support for entrepreneurs, used in the form of providing a partial guarantee as a security for the fulfillment of obligations under an entrepreneur's loan, under the terms of the Program and in accordance with the guarantee agreement.

Guarantees are provided in case of insufficient collateral. Warranties are divided between beginners and active ones. The conditions for obtaining Warranties can be found on the website JSC "Entrepreneurship Development Fund "Damu" in the Guarantee section.

What is required to participate in grant financing?

You are required to pass free training sessions to participate in grant financing.

If your business idea is new and original, you will be provided with an opportunity to participate in Grants and win up to 3,000,000 KZT on a competitive basis.

The procedure for submitting bidding documentation, the venue for bids submission and the time for participation in the bidding should be clarified with the organizers of the bidding: Administration of Entrepreneurship and Industrial-Innovative Development.

“Small businesses, including young start-up entrepreneurs, beginning entrepreneurs, as well as women, people with disabilities and people above 50, shall use grant funds for the following purposes:

1) acquisition of fixed assets and materials;

2) acquisition of intangible assets;

3) acquisition of technology;

4) acquisition of franchise rights;

5) expenses associated with research and introduction of new technologies.

Grant funds cannot be used to purchase real estate, land and as a rental fee.

The procedures for state grants provision are guided by the State Grants Delivery Regulations within the Program approved by the Decree of the Government of the Republic of Kazakhstan”.

What types of training are available in the Holding for entrepreneurs?

You can take a free entrepreneurship training session fr om the comfort of your home using the Internet!

The “Remote Support for Entrepreneurship Development” training program is aimed at increasing the level of knowledge in entrepreneurs and the public with an entrepreneurial initiative.

You are encouraged to take advantage of the unique opportunity to replenish and improve your knowledge free of charge at any place with Internet access, and at any time.

Upon clicking on the link edu.damu.kz and getting registered on the website, everyone can choose a suitable training course for themselves.

During the training course, a teacher is assigned to the student, who checks and evaluates the student’s completed assignments.

The course covers topical issues on starting a business. Complete the course and receive an e-certificate!

Wh ere can I find a business plan?

Free development of business plans for entrepreneurs participating in the state. the programs are carried out by specialists of the Chamber of Entrepreneurs on the basis of the CSP Damu Entrepreneurship Development Fund JSC .

Also, ready-made samples of business plans you can look at the page site of the Damu Fund or website Business Territory .

What kind of support can be obtained by an exporter from the Holding?

There are three subsidiaries of the Holding involved in export support: “KazakhExport” Export Insurance Company JSCIndustrial Development Fund JSC (IDF) and “Damu” Entrepreneurship Development Fund JSC.

Today, exporters have a series of issues, the main of which are lack of floating assets and lack of foreign market knowledge. KazakhExport and IDF are currently contributing to resolve the issue of floating assets replenishment through pre-export financing. KazakhExport also provides a loan insurance tool where the bank is provided with coverage when there is a lack of collateral. In total, the insurance company has 14 tools for financial support of exporters.

In its turn, the IDF supports domestic exporters within “Nurly Zhol” State Infrastructure Development Program for 2015-2019.

The IDF develops infrastructure and industry in the field of raw materials processing, thereby contributing to the diversification of Kazakhstan’s economy.

In addition, Damu Fund provides a special tool for supporting exporters such as subsidizing interest rates. This support tool is provided within the third direction of “Currency Risks Mitigation” under the “Business Roadmap 2020” State Business Support and Development Program.

What is Digital Baiterek and how to use it?

The goal for creating the information system of “Digital Baiterek” Single Entrepreneurship Support Portal is to provide a single information platform for “Baiterek” National Managing Holding JSC, its subsidiaries, Kazakhstani and foreign investors and entrepreneurs. At the moment, there are 42 automated and information services available.

“Digital Baiterek” Single Entrepreneurship Support Portal provides opportunities for those applying to the Holding in:

  • Obtaining comprehensive information and advice in regard to all possible customer support tools;
  • Operational processing of complaints due to the rejection of paper media and the transfer of communications to a digital form with the ability to track the processing status;
  • Information support and the ability to choose package services in accordance with the identified client’s requirements;
  • Full accessibility of services regardless of the client’s location;
  • The possibility of a single and simultaneous comprehensive review of client’s inquiries by all structures and subsidiaries of “Baiterek” National Managing Holding JSC, if necessary.

In addition, one you can submit a CV for employment opportunities in the Holding through Digital Baiterek, as well as apply for sponsorship or charity support.

It is required to get registered and create a Personal Account using a minimal data set in order to use the Digital Baiterek system.

Link to the web-portal: https://digital.baiterek.gov.kz/.

How can one purchase housing through Baiterek Holding?

Under “Nurly Zher” State Program, the subsidiaries of Baiterek Holding – the "Housing Construction Savings Bank Otbasy Bank" JSC (Otbasy Bank JSC), "Kazakhstan Housing Company" JSC  (until January 2021, IO Kazakhstan Mortgage Company ) are focused on increasing the financial affordability of housing through the development of financing, mortgage lending, subsidies and rental housing. Learn more about the conditions for purchasing housing through the above-mentioned subsidiaries of the Holding in the following questions.

What are the conditions for purchasing housing through "Housing Construction Savings Bank Otbasy Bank" JSC?

What are the conditions for acquiring housing through "Kazakhstan Housing Company" JSC?

The types of mortgage loans in JSC "Kazakhstan Housing Company" can be found in the section Affordable housing - Mortgage loans and housing loans.

Does the Holding have programs for financing start-up projects?

Since December 2019, QazTech Ventures JSC (a subsidiary of NMH Baiterek JSC) has signed agreements on participation in 2 foreign venture funds - Quest Ventures Asia Fund II (Singapore) and V Global Fund 500 Startups (USA). Under these agreements, the Funds will invest in Kazakhstani start-up projects. Both of these funds have started the investment stage and are currently considering Kazakhstani projects. The Society on a regular basis sends to the Foundations a list and presentations of Kazakhstani start-up projects. Since the beginning of 2020, the Company has formed and sent 84 Kazakhstani start-up projects for consideration by the investment commissions of both funds.

What startup projects are the top priorities for venture capital funds?

The most promising are IT projects. Due to the current situation with COVID-19, the economic market is undergoing transformation and, as we can see, the prospects remain only in the IT sphere and related industries, such as online education, medicine, games, online commerce, etc. Also, Kazakhstani startups should pay attention to the introduction of new technologies in agriculture.

What programs are available for the development of start-up projects?

As part of agreements with Quest Ventures, QazTech Ventures JSC is launching the Kazakhstan Digital Accelerator (KDA), the first world-class startup accelerator in the region, with a representative office in Nur-Sultan. The goal of this program is to increase the competitiveness and capitalization of technology companies that will be able to break into the markets of Southeast Asia in the future. The program is designed for three years and will run from 2020 to 2022.

This program will contribute to the development and promotion of start-up projects and the digital ecosystem in Kazakhstan. Thanks to the acceleration program, start-up projects will be able to gain knowledge from leading international experts and test the product in real conditions. The team of the Singapore Quest Ventures Foundation together with QazTech Ventures JSC will participate in the selection of start-up projects, in their preparation for entering the market, provide the best mentors and professionals with many years of experience, conduct workshops, consultations, individual meetings and help to establish networking in the whole.

The Kazakhstan Digital Accelerator program will be launched in August 2020. Within it, 5 streams will be launched. Each stream will be trained in a program lasting up to six months. The selection of projects will be directly handled by the Quest Ventures team together with QazTech Ventures JSC. I would also like to note that within the framework of this program, start-up projects will have the opportunity to present their projects to investors in Southeast Asia. If the project turns out to be promising, it can be financed within the framework of the activities of Quest Ventures Asia Fund II.

What assistance is provided in terms of the technological development of enterprises?

To assist in the technological development of enterprises, QazTech Ventures JSC, being a national institute in the field of technological development, implements a strategic direction for expert and technological support in the search, selection and implementation of innovations, technological development and digital transformation of enterprises through the provision of services for technological consulting.

The range of services within the framework of service and technological consulting includes:

  • Carrying out technological expertise for the technological and technical feasibility of the project;
  • Independent assessment of technical maturity and procurement of investment projects;
  • Financial and technical control of investment projects;
  • Technological tours;
  • Technological audit.

What tasks are solved by service and technological consulting services?

Service and technological consulting services can assist in solving your following tasks:

  • Your project is applying for funding in a domestic / international financial institution and you need an independent assessment / expertise of your project;
  • There is a need to optimize operations and / or digital transformation of your company;
  • You need to confirm your main activity and / or availability of production facilities and many others.
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