“UzVC” national venture fund was reorganized as a “Fund of Funds” to finance venture capital funds, and its activities have been launched this year.

In order to further expand opportunities for financing startup projects of business entities, commercial banks and business associations with more than 50 percent state share in their charter capital have been permitted to establish venture funds, make venture investments, allocate their funds to other venture funds under trust management agreements, and create startup studios.

As a result, six venture funds have been established this year, bringing the number of local participants in the venture capital market to 11, including one Fund of Funds (“UzVC”) and ten venture funds (“Aloqa Ventures”, “IT Park Ventures”, “United Ventures”, “SQB Ventures”, “Asaka Ventures”, “Yoshlar Ventures”, “UC Ventures”, “Semurgʻ Ventures”, “Sarmo Ventures”, and “Imkon Ventures”).

4 of these venture funds ("UC Ventures," "Semurg' Ventures," "Sarmo Ventures," "Imkon Ventures") are private venture funds, which indicates that the private sector also has great opportunities in the development of the startup ecosystem.

The National Venture Fund "UzVC" signed an agreement to transfer a total of $1 million to the management of these private venture funds "Sarmo Ventures" and "Imkon Ventures," aimed at financing startup projects in the initial stages.

The total amount of venture investments made to finance startup projects of business entities has reached 145 million dollars.

By the Decree of the President of the Republic of Uzbekistan No. 50 of March 19, 2025, the Center for Coordination of Startup Projects, aimed at assisting in the implementation of startup projects, including the implementation of incubation and acceleration programs, as well as investing in startup projects, was created and its activities were established under the National Venture Fund "UzVC."

Information Service

Ministry of Economy and Finance