At the international Global Tech Weekend Tashkent 2026 event, IT Park Ventures announced an increase in its fund capital from $10 million to $30 million.
Previously, the fund’s capital stood at $10 million, with over 80% already deployed into tech startups and ecosystem development. This additional injection of capital will enable IT Park Ventures to scale its deal flow, expand its investment portfolio, and provide stronger backing for growth-stage technology companies.
As the number of early-stage funds operating in Uzbekistan continues to rise, IT Park Ventures plans to shift its strategic focus toward Seed and Series A stages starting in 2026. The primary emphasis will be placed on scalable technology projects with high growth potential and international market viability.
Furthermore, under the revamped investment strategy, the fund will now be well-equipped to consider check sizes up to $3 million.
Government initiatives and the 2030 vision
In alignment with government initiatives to drive venture ecosystem growth, Uzbekistan aims to achieve the following milestones by 2030:
- Increase the number of startup projects to 5,000.
- Boost attracted venture capital volume up to $2 billion.
- Nurture at least 25 tech companies with valuations exceeding $100 million.
To support this trajectory, the government plans to introduce a four-stage startup support system. This structured framework will cover the entire entrepreneurial pipeline—spanning from ideation and product development to market launch, scaling, and international expansion.
Open opportunity: PITCH TO INVEST
Additionally, IT Park Ventures is actively accepting applications for its “PITCH TO INVEST: OPEN DAY” program until May 20th.
Note for Founders: This private pitch session format offers Seed and Series A founders a direct opportunity to present their projects to the fund’s investment committee and secure subsequent financial backing.
