Uzbekistan and Serbia Plan to Establish a Joint IT Enterprise and Venture Fund

Tashkent, Uzbekistan (UzDaily.com) — On 29 October, President of the Republic of Serbia Aleksandar Vučić visited IT Park Uzbekistan, where he became acquainted with the organization’s activities, its main areas of work, and achievements in the field of digital transformation.

The Serbian delegation received detailed information about ongoing digital reforms, strategic priorities, and the future plans of IT Park. Guests were shown projects developed by resident companies, including solutions in artificial intelligence, digital technologies, and innovative products. The delegation also observed the work of IT specialists and learned about their ideas and initiatives.

Particular interest was drawn to the innovative products of resident companies such as UniconSoft, Didox (Venkon), and Kpi.com, which stand out for their advanced technology and scalability potential in international markets. These companies presented solutions in digitalization, business process automation, and data management, aimed at export and integration into the global economy.

Significant attention was also given to the developments of the UzSpace Agency, which demonstrated advanced remote sensing technologies and spatial data processing — highlighting the dynamic growth of Uzbekistan’s space and geodata sectors.

Among the initiatives presented were projects by UZINFOCOM, including Palm ID, the Uzinfocom ecosystem, HRM.argos.uz, uGaz, and DMed. These solutions are designed to improve the efficiency of public administration, digitize the healthcare system, and optimize public service delivery. The Serbian delegation praised the high technological level, practical relevance, and export potential of these developments.

Delegation members highly appreciated the modern infrastructure and comfortable working environment created at IT Park Uzbekistan, noting the crucial role of such centers in engaging youth in international projects and fostering innovation. President Aleksandar Vučić emphasized the importance of such initiatives for promoting innovative development and strengthening cooperation between the two countries.

During the visit, representatives of IT Park Uzbekistan, UZINFOCOM, and the Serbian delegation held a meeting to discuss prospects for cooperation in digital technologies. Following the talks, the parties agreed to establish a joint IT enterprise in Serbia to implement technological projects, including the launch of the Palm ID system, and to explore the creation of a joint venture fund to support startups in both countries.

The discussions also covered opportunities for cooperation in IT outsourcing, Knowledge Process Outsourcing (KPO), international market expansion, joint educational and acceleration programs, and the support of technology startups through partnerships with international accelerators and venture funds. Special attention was given to knowledge exchange, the development of innovation infrastructure, and the creation of conditions to enhance the global competitiveness of IT companies in Uzbekistan and Serbia.

The Uzbek side expressed its readiness to invest in the creation of server infrastructure and to provide engineers for maintaining the Palm ID system in Serbia. The Serbian side, in turn, confirmed its intention to facilitate the implementation and promotion of these technologies in the domestic market, with the prospect of scaling them across the European Union.

Furthermore, the two sides discussed the launch of a joint venture program worth 1 million US dollars to finance Uzbek startups entering the European market and Serbian projects targeting growth in Central Asia.

The partnership between IT Park Uzbekistan and Serbian organizations will open new opportunities for joint projects in artificial intelligence, digital transformation, and innovation, while also strengthening the export potential of Uzbek IT companies and promoting national digital solutions in the European market.