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UzVC: New Opportunities for Startups

by Gulnoza Sobirova
March 26, 2025
in News
Reading Time: 2 mins read
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UzVC: New Opportunities for Startups
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2025 has become a historic turning point for the startup ecosystem of Uzbekistan. Based on the Decree No. PF-50 signed by the President, the attention paid to innovative ideas and technological projects has now been raised to the level of state policy.
200 new startups — a clear and measurable task
In accordance with the decree, the task of implementing at least 200 startups in Uzbekistan by the end of 2026 has been set. This means that hundreds of young people and entrepreneurs are expected to start their own businesses in the next two years, technological solutions and modern products will appear in the country.
This is not just a number, but also:

  • new jobs,
  • local innovations,
  • the creation of export-oriented technologies.
    UzVC is the main financial foundation supporting startups
    The UzVC National Venture Fund is taking a key role in implementing these tasks. A Startup Coordination Center will be established under the fund within three months. This center will perform functions such as:
  • selecting ideas,
  • developing them,
  • connecting with investors,
  • testing projects in the market.
    The UzVC fund will also have the right to directly invest in startups. This will significantly accelerate the investor-startup relationship.
    $50 million is a huge contribution from the private sector
    At the same time, the private sector is also actively participating in this process. It is planned to allocate $50 million by the end of 2026 from large investment structures such as United Ventures and SQB Ventures.
    These funds will finance:
  • early-stage startups,
  • technological solutions,
  • export-oriented platforms,
  • and projects aiming to enter the international market
    Now, a startup in Uzbekistan is not just an idea, but an ecosystem with official policy, real money and practical support. The approach to the startup sector has been fundamentally updated by the presidential decree. This could make Uzbekistan one of the leading techno-states in the region in the future.
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