On July 3, 2018, President of Uzbekistan Shavkat Mirziyoyev signed a decree on measures for the development of the digital economy. It highlights among the most important tasks: introduction and development of activities in the field of circulation of crypto-assets, including mining; training of qualified personnel in the development and use of blockchain technologies, with practical skills using modern ICTs; Comprehensive development of cooperation with international and foreign organizations in the field of crypto-assets and blockchain technologies, attraction of highly qualified foreign specialists in the field of blockchain technologies for joint implementation of projects in the digital economy; creation of necessary legal framework for implementation of "blockchain" technologies, taking into account best practices of foreign countries. The National Project Management Agency (NPMA) is the authorized body in the field of implementation and development of the digital economy in Uzbekistan. In December 2019, Uzbekistan issued the first crypto-exchange license in Central Asia, which announced the start of operations in January 2020. In April 2020, it was reported that a project of the Regulatory Sandbox for the development of digital technologies Uzbekistan Blockchain Valley will be created under the National Agency for Project Management. The aim of the project is to create a single platform for testing and piloting projects in the field of circulation of crypto-assets and "blockchain" technology.
In early 2020, the Uzbekistan Venture Capital Association was established in Uzbekistan. The association aims to promote and attract venture capital to domestic startup projects, to train specialists in venture capital investment, and to conduct research on the venture capital market in Uzbekistan. In the field of venture capital financing and attraction of investments there are such companies as: ● IT Park Venture Fund - IT Park Venture Fund, area of interest - all sectors of the real economy from ArgoTech, E-Gov to MedTech, E-commerce, IoT, etc. The fund invests in projects registered on the territory of Uzbekistan. The size of investment in the project - $25,000 to $100,000. RB ASIA is a division of the International Investment Banking Group of RB Partners in Uzbekistan. The company provides consulting services in the sphere of support of purchase of ready-made business and financing of investment projects to international companies and investment funds, which are interested in foreign direct investments in the Republic of Uzbekistan, as well as to local companies, which are in search of investors, international partners and financing for business expansion or business sale. Uzbek-Emirati Investment Company - established by the Decree of the President of Uzbekistan dated May 20, 2019. Venture Capital Invest - registered on April 26, 2019. Astron Venture Fund. It is engaged in the activity of selecting efficient projects that can contribute to the development of the economy and investing in venture projects with high potential.
Investment company Vodiy Investments. It is engaged in the formation and accumulation of funds of qualified investors, attracted by the management company, for their further investment in promising business projects for the development of industries, services, infrastructure, as well as financing the working capital of business entities mainly in Andijan, Namangan and Fergana regions.
Name of the co-working space - Ground Zero Kitob Olami Address - Kitob Olami building, Tashkent, Uzbekistan WEB-address - https://groundzero.uz/ Overview of the kovorking house - https://www.coworker.com/uzbekistan/tashkent/ground-zero-kitob-olami Working hours - Mon-Sat: 9:00 - 21:00 Price of rent of a fixed working place - UZS 1100000.00 (1 month) Price of a workplace in Open Space - UZS 800000.00 (1 month) Availability of personal office premises - no Availability of rooms for meetings - yes Name of the co-working space - Ground Zero Address - № 146, Temur Malik Street, Tashkent, Uzbekistan Web-address - https://groundzero.uz/ Overview of the co-working space - https://www.coworker.com/uzbekistan/tashkent/ground-zero Working hours - Mon-Sat: 9:00 - 22:00 The price for rent of a fixed working place - UZS 1100000.00 (1 month) Price of a workplace in Open Space - UZS 800000.00 (1 month) Availability of personal office premises - no Availability of rooms for meetings - yes Name of the co-working space - Ground Zero Chilanzar Address - Small Ring Road, Tashkent, Uzbekistan WEB-address - https://groundzero.uz/ Overview of the co-working space - https://www.facebook.com/Groundzerokitobolami/ Working hours - Mon-Sat: 9:00 - 22:00 Price of rent of a fixed working place - UZS 1100000.00 (1 month) Price of a workplace in Open Space - UZS 800000.00 (1 month) Availability of personal office premises - no Availability of rooms for meetings - yes Name of the co-working space - C-SPACE Address - 1 Chust street, Tashkent, Uzbekistan Web-address - https://cspace.uz/ Overview of the co-working space - https://www.coworker.com/uzbekistan/tashkent/c-space Working hours - Mon-Sat: 9:00 - 22:00 The rent price of a fixed working place - UZS 1400000.00 (1 month) Price of a workplace in Open Space - UZS 900000.00 (1 month) Personal office space - yes, UZS 4600000.00 (1 month) Availability of meeting rooms - yes
Accelaration Program IT Park – allows you to transform a project that already has a prototype and a team into a working business and attract financing. The incubation program from IT Park allows you to grow a product from an idea. The duration of the program is 3 months. Program of supporting of youth innovative ideas and start-up projects "Start-up initiatives" is an intensive short-term program, aimed at rapid testing of viability of innovative ideas, creation of MVP (minimum viable product), testing of business models, development of innovative entrepreneurship skills of youth. In the framework of the program, the authors of the projects take part in master classes and consultations, determine their target audience, find partners and investors, and receive PR support. C.A.T. Science Accelerator – accelerator of the Center of Leading Technologies (part of the Ministry of Innovative Development as a research institution). It is intended for startups whose product is based on scientific developments in the areas of green technologies, diagnostics and biomedicine, alternative energy sources, new materials, artificial intelligence, alternative food sources. The participating startups get access to research labs, the Central Asian Mentor Platform, international coaching sessions, project promotion services, and investments. The duration of the acceleration program is 5 months. Water Solutions Innovation Lab - accelerator for projects in the field of green technology and water issues. Duration of the program is 3 months. Participants get access to a design thinking laboratory, mentoring support, as well as the opportunity to present their project to investors and present Uzbekistan in the international program ClimateLaunchpad (climatelaunchpad.org). StartupFactory.uz – accelerator for IT projects in Uzbekistan. It works with B2C and B2B projects related to the Internet and mobile technologies. Selection criteria: focus on the Uzbek market, feasibility of the project, its innovation, scalability, profitability. Additional opportunities for startups are offered by StartIn - a platform for startups and investors, where a well-presented idea can find financial support.