Over the past nine months, more than 200 new companies have become the residents of the Hi-Tech Park (HTP) in Belarus.
This is way more than in the entire 12-year history.
In the first half of 2018 the HTP export grew by 40%. Without taking into account new companies this is even more than in 2017.
Then HTP reached a record level, when the exports exceeded the $1 billion mark and grew by 25%.
“At the beginning of 2017 the president drew a firm line to turn Belarus into an IT-country, and this year has really become a turning point. The decree actually works.
The proof is the tremendous growth in all directions: the number of HTP residents is rising, record growth rates of exports, plenty of new start-ups.
And not only new companies are on the increase but also HTP old residents have started developing with renewed vigour.
Frankly speaking, the results have surpassed all our plans and expectations, ” Vsevolod Yanchevsky, the Hi-Tech Park Director, said.
Who are HTP newcomers?
A third of new HTP residents develop their own products.
Among them there’s the Polimaster company that develops high-tech equipment for radiation monitoring.
NTLab specialists are engaged in the medicine of the future and space development.
Other newcomers include Lunas that creates 3D-visualization for the world leaders of the design industry.
Revatt Electro produces electric-charging stations for electric vehicles.
AiTrans Smart Technology facilitates cargo transportation with the help of artificial intelligence technologies.
New residents describe regsitartion process as clear and understandable, with no bureaucracy included.
Besides large corporations, HTP offers favorable conditions to start-ups as well.
Healthy Networks and Rocketbody Technologies are among them.
The first one automatically determines lungs conditions and monitor patients remotely.
Rocketbody Technologies is a developer and manufacturer of smart bracelets for medicine and sports.
Where are they from?
HTP residents have a wide geography of investments. Over 60 new companies were established by the Belarusians.
Others include companies form the US, China, Norway, Israel, Great Britain, Austria, the Netherlands, Cyprus, France and Russia.
The United states are represented by the Silicon Valley project, EurusTech develops software for the banking sector.
American telecommunications company IDT trades its shares on the New York Stock Exchange.
The great breakthrough made by Belarus and the High-Tech Park for the last year were noted during the SEC engineering conference in Minsk.
The event was attended by employees, partners and clients of the HTP resident from Google, Microsoft, Workfusion, Chevron, Renesas.