MONGOLIAN STARTUP ENTREPRENEURS TO ENTER ASIAN MARKET

Ulaanbaatar /MONTSAME/ The National Information Technology Park (NITP) and the Asian Business Association signed a cooperation agreement to bring the Mongolian startup, small and medium-sized enterprises to the Southeast Asian market. “We are planning to make NITP Incubator policy more efficient and creative, tailoring it to the business and economy of Mongolia. In this regard, we have proposed to bring the companies to the nearest Asian countries. We say that Mongolians are creative and have high IQ. So why not create an intellectual Silk Road? To make this happen, we have signed a cooperation agreement with the Asian Business Association today” said the NITP director Ts.Sodnomdamba. “Startup companies account for more than 80 percent of all enterprises in developed or developing countries. So the main reason for establishing the Asian Business Association is to support small and medium-sized startup companies. Our management team of young experts is working to expand and connect small and medium-sized businesses across Mongolia and Asia as fast as possible and innovative ways.” said founder and executive director of the Asian Business Association, O.Enkhzul. The result of this agreement expected to benefit the small and medium-sized startup businesses the most, in particular, the technology and innovation entrepreneurs. The project will be implemented in stages including the establishment of Co-working space and providing the program participants with conditions for collaboration. B.Misheel