The Government of Mongolia launched its new online procurement portal – www.mindgolia.mn – reducing costs and bureaucracy related to the procurement of software solutions and providing a major boost to the country’s thriving tech sector.

As part of the Mongolian economy’s transition ‘from mining to mind’, ‘Mindgolia’ will showcase globally the world-class digital solutions that the Mongolian tech industry has been developing for many years. Open to both the private and public sectors, the new marketplace is also designed to strengthen links between the country’s tech industry and global investors, as well as providing a level playing field for Mongolian tech start-ups to compete with more established players.

Mongolia’s USD 41 billion ICT industry is growing rapidly, a trend due to continue in the years ahead due to the roll-out of public private partnerships such as ‘Mindgolia’. More than 300 companies and 2,000 young engineers work on the development of technology solutions and software production, and Mongolian tech start-ups such as AND Global with its ONDO Space and satellite technology are increasingly well-recognised in the region and raising funds globally.

The strengthening of Mongolia’s tech sector is a key part of the Government’s New Recovery Policy, aimed at enhancing the country’s growth rate and diversifying away from mining and towards emerging and high-growth areas in the knowledge economy.

‘Mindgolia’ was inspired by international practice in the area of public procurement, including the UK Government’s Crown Commercial Service and their ‘Digital Marketplace’ platform. An English language version of ‘Mindgolia’ will be launched before the end of 2022.