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Science and Education Endowment Fund

Knowledge that serves the country for generations

We build permanent endowment capital and direct its investment income to supporting education, science and innovation in Kazakhstan.

₸ 2 bnendowment capital
₸ 30 mawarded to grants and programmes
5projects supported
44partners
About the Fund

Real change begins where support turns into opportunity

The Science and Education Endowment Fund is the first endowment fund in Kazakhstan created under the new legal model. It was founded by Alageum Electric with initial capital of ₸ 2 bn.

The Fund’s core principle: preserve the capital, use only the income. This keeps support for science, education and innovation independent of budget cycles.

More about the Fund →
What we support

Three areas of focus

Endowment capital₸ 2 bn

Target: up to ₸ 10 bn by 2029. The principal is never spent — only the income works.

Education

Tuition grants at every level, education programmes, equipment and an inclusive learning environment.

Learn more →

Science

Grants for research and R&D, research infrastructure, publications and international projects.

Learn more →

Innovation

Technology commercialisation, start-ups and the AI Sana initiative for AI teams.

Learn more →
21areas of support across three programmes
up to ₸ 300 mprogramme spending limit for 2026
∞open-ended programmes — support does not depend on budget cycles
Our model

How the endowment works

Preserve the capital, use only the income. The principal is never spent, which makes the support permanent.

  1. 01

    Contributions

    Individuals and companies contribute to the endowment capital.

  2. 02

    Permanent capital

    The principal is preserved for ever and is never spent on current needs.

  3. 03

    Investment income

    An asset manager invests the capital under an approved investment policy.

  4. 04

    Grants and programmes

    Each year the income funds education, science and innovation.

How we work

We manage capital in a way people can trust

Grant decisions are made collectively, and the results are published every year.

Independence

The Board of Trustees brings together representatives of government, business, the financial sector and science, and decisions are made collectively.

Impartiality

Applications are assessed by independent experts against open criteria.

Transparency

Every year we publish financial statements, the audit report and programme implementation reports.

Accountability

The internal audit service reports to the Board of Trustees, and the accounts are independently audited.

Programmes and projects

Current programmes

All programmes
Tuition grants
Open-ended

Tuition grants

Full or partial payment of tuition at every level of education in Kazakhstan. Funds go directly to the education provider.

Eligibility and terms →
AI Sana
From 1 April 2026

AI Sana

Incubation and acceleration for AI teams: prototypes, MVPs, access to computing power, pilots and investor meetings.

Eligibility and terms →
For researchers and universities

Have a project in science or education?

Apply now — the expert council will review your application within 30 working days. We support projects from all over Kazakhstan.

Trusted by

Contributors and partners

Alageum Electric LLPMinistry of Science and Higher Education of the Republic of KazakhstanFreedom Finance JSCL.N. Gumilyov Eurasian National UniversitySDU University
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Write to us

We reply within 3 working days to the email you provide.