Activat VC Initiated the Signing of the Code of Ethics

On July 18, together with other market players, we signed an important document — the Code of Ethics of Kazakhstan's Venture Industry. The signing ceremony took place at Astana Hub, the largest international technology park for IT startups in Central Asia.

Kazakhstan's venture market is still taking shape, and as an active market player, we believe it is important to set the right direction for its development in order to avoid negative situations that could harm both the industry as a whole and individual market participants. We at Activat VC initiated the creation and adoption of this Code, which is meant to become one of the fundamental documents uniting many market players: venture funds, angel investors and startup founders.

The core principles of the Code are decency, honesty, responsibility, trust, tolerance, fair competition, non-interference by investors in the operations of startups, respect for the interests of startup stakeholders, legality, zero tolerance for corruption and the primacy of public interests.

We sincerely hope that over time even more players will join our initiative and that, by adhering to these principles, together we will build an ethical and healthy environment among venture investors and startup founders in our region.

To date, the Code has been endorsed by funds such as MOST Ventures, MyVentures, Tumar Venture Fund, BigSky Capital, BYB Capital and InDrive NewVentures; infrastructure players Astana Hub and BGlobal VC; accelerators and incubators; as well as startups such as EasyTap, ApartX, Garderob, Porte, Smartestprep, GoDays, Billz and many others.

The full text of the Code of Ethics is available at: https://docs.google.com/document/d/1RveR5DLidPJeMw56ZHrntioyb6tzVmBx0Z8n9LREfdw/edit?usp=drivesdk

To sign the Code, please contact us.