Tashkent, Uzbekistan (UzDaily.com) -- Youth technology parks will be created in Uzbekistan. This was announced by the President of Uzbekistan Shavkat Mirziyoyev.

“By the end of this year, youth technoparks will be commissioned in Karakalpakstan, Andijan, Samarkand, Syrdarya and Navoi,” he said.

He added that next year, similar technology parks will be built in Bukhara, Jizzak, Kashkadarya, Namangan, Fergana, Khorezm and Surkhandarya.

“We will also create a transparent system for selecting start-up ideas for young people, and next year we will allocate 100 billion soums from the budget to finance the best projects,” he said.

“Khokims of the regions will hold competitions for youth start-up projects “First Step to Business”and will allocate grants from the local budget to at least three winners from each district. The average amount of one grant will be 50 million soums,” the head of Uzbekistan added.