The Saby Charitable Foundation is a non-profit organisation founded by Kenes Rakishev and his wife Assel Imangalievna Tasmagambetova in 2002. The foundation helps disadvantaged children and young people in Kazakhstan secure a better future. Since its inception, the Saby Foundation has launched eight core programmes and a start-up competition. As of 2018, its annual budget exceeds $17 million.
Build Your Business
As part of the Foundation’s ongoing activity, Kenes Rakishev conducts an annual contest for young entrepreneurs and early stage businesses. Winners and runners up receive generous non-reimbursable grants that help them turn their creative ideas into substantial businesses. The contest is open to participants from many different fields including technology, agriculture, education and medicine. The first Build Your Business contest took place in 2013 in Almaty. Since then, over $1 million has been granted to more than 40 contestants.