Uzbekistan Aims to Attract US$2 Billion in Venture Investments and Establish 5,000 Startups by 203

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan plans to increase the volume of venture capital investments to US$2 billion and raise the number of active startups to 5,000 by 2030. These targets are outlined in the presidential decree by Shavkat Mirziyoyev titled “On Measures to Implement a Comprehensive Startup Support Ecosystem.”

According to the document, approximately 2,000 startup ideas initiated by youth are expected to be commercialized in the coming years, with around 400 of these projects aimed at entering the global market.

To stimulate entrepreneurial activity, winners of innovation competitions and hackathons will be eligible for loans of up to US$20,000 from state venture funds. Additionally, under the “Digital Startups” program, grants of up to US$10,000 will be provided.

Starting in 2027, Uzbekistan will begin the phased establishment of research and development centers focused on supporting startups. These centers will include coworking spaces and provide access to legal and industry experts.

The hubs will be equipped with modern equipment, test sites, and laboratories. Their launch is planned at youth technoparks and universities with the support of relevant agencies, while a dedicated research hub will be opened by the Ministry of Digital Technologies in Nurafshan.

An annual “Startup Expo” is also planned to serve as a platform for presenting promising projects to investors, major businesses, and the academic community.

The organization of the event will be managed by the Chamber of Commerce and Industry, the Ministry of Economy and Finance, the Central Bank, and other state bodies.