Leading diversified natural resources group Eurasian Resources Group, which has offices in 15 countries and a headquarters in Luxembourg, has recently launched a new initiative in Kazakhstan, its homeland, called Momentum-ON.

This initiative, which forms part of the three-year-long Student Entrepreneurship Ecosystem Programme operated by ERG, was designed primarily to provide help to pupils aged 8 to 10 years old, who are children of the ERG employees and attend schools in the home towns of the Group during the COVID-19 pandemic.

In keeping with the values of the programme, Momentum-ON partnered with the Friends Association of Tel Aviv University to implement an eight-week programme in which young people were encouraged to develop their entrepreneurial skills.

A total of 32 young people aged between 14 and 17 were able to access the online programme, which taught a series of valuable entrepreneurial skills, using interactive and constructive methods to engender commercial awareness and creative thinking.

The skills learned were then tested at the end of the course, with students presenting ideas for a new start-up to a panel of judges.

Mentors participating in the Momentum-ON programme led the students through a comprehensive series of insights and activities before the students pitched their ideas to the panel.

Of the dozens of business plans presented, the chosen winner was the Green Heart project, showcasing a range of eco-friendly, biodegradable bags in a range of materials.

The success of the online course has now prompted expansion of the Momentum-ON programme to other areas of Kazakhstan, with a view to providing entrepreneurial support to more young people and their families during this time of global uncertainty.

The Student Entrepreneurship Ecosystem Programme was launched by ERG over three years ago and has already helped over 5,000 students in Kazakhstan to access training on start-up development or complete courses in business entrepreneurship.


Dr Alexander Machkevitch, ERG’s Chairman of the Board, commented, “The distanced learning course shows that our long-term Student Entrepreneurship Ecosystem Programme can be a tool to encourage, support and promote entrepreneurship within local regions.

At this difficult time, we wanted more than ever to reaffirm our presence to local communities, including our employees’ families and their children, to motivate them to take charge of their future and help them realise they have the ability to create the businesses of tomorrow.”

ERG represents a third of the Republic of Kazakhstan’s metals and mining industry and has an international presence spanning four continents. The Group was established in 2014 and has a strong reputation for supporting charitable initiatives, particularly in relation to sustainability.