CAREC University Startup Generator 2023

CAREC University Startup Generator 2023 is calling all full-time university students from CAREC member countries to be part of CAREC region startup revolution! Join us to develop practical, entrepreneurial and soft skills while creating innovative solutions to tackle real-world social and corporate issues in the region. The event is supported by the Asian Development Bank and Republic of Korea e-Asia and Knowledge Partnership Fund.



The CAREC University Startup Generator is a competitive innovation challenge for university students in the Central Asia Regional Economic Cooperation (CAREC) region to develop practical, entrepreneurial and soft skills by tackling real-world social and corporate problems. This initiative intends to support the development of talent within the innovation ecosystem and foster innovative approaches to addressing local challenges. 


Target Participant

Full-time students in all fields from CAREC countries universities and holding nationality of at least one of these countries.


*Eligible Countries: Azerbaijan, People’s Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, Uzbekistan



Cash Prize and Certificates

5000 USD

1st Prize

2000 USD

2nd Prize

1000 USD

3rd Prize

1000 USD

Special Category Prize

Benefits to students 

Three Issues to Address



After the COVID-19 pandemic, people prefer to attend online gym classes. 


The global online/virtual fitness market size is expected to grow from $11.39 billion in 2021 to $16.15 billion in 2022 at a compound annual growth rate (CAGR) of 41.84%. The market grew as enterprises resumed operations and adapted to the new normal after COVID-19. Online fitness market size anticipated to reach $79.87 billion in 2026 at 49.12% CAGR. However, low awareness about the services and courses offered by the players in the industry hamper the market growth. 


How can we make online fitness more interesting for people from Central Asia?



COVID-19 saw different organizations quickly adapt to support a remote workforce. 


More job seekers are interested in remote work. Since March 2020, global "remote" job searches on LinkedIn have increased to 60%. Moreover, companies are also hiring more remote roles as they saw productivity increases brought about by shorter commutes for workers and the improved workflow process as talent realized the possibilities of tech solutions and collaborative tools. COVID-19 brought about a shift in the workplace mindset. According to Ladders' data, remote work is here to stay.

How can we improve the efficiency of remote workers with technologies?



Climate tech startups raised $39.2Bn across 605 venture deals in 2021. Compared to the same period in 2020, investment in the second half 2021 doubled.

In this industry, 7 primary verticals are emerging: Energy, Food & Water, Mobility, Industrial, Consumer, Climate, and Carbon. Among these, innovations for moving people and goods received a considerable attention such as (a) electric vehicle (EV); (b) Original Equipment Manufacturers (OEMs) and components; (c) EV charging, fleet management, battery technology and recycling; (d) electric micro mobility and ridesharing; and (e) urban public transportation.


How can we improve the ridesharing process in Central Asia?



    Dec 15, 2022 - Feb 1, 2023

    Register based on your area of interest and form/join a team. 


    Dec 20 - 27, 2022

    Meet mentors from Silicon Valley and build foundation for your innovation.


    Feb 2 - Mar 15, 2023

    Brainstorm with a team and  mentors/experts to refine your startup.


    March 29 2023

    Pitch your startup to our jury panel of subject experts.


Be the Change!

Join us in changing the landscape and be part of CAREC region startup revolution!

Be a CAREC Startup Ambassador!



Still having question? Checkout FAQ page.