Venture financing

For the purpose of development of venture financing, a Regulation "On investment and management companies" was approved by the Resolution Cabinet of Ministers No. 414 dated May 17, 2019 in accordance with the Decree of the President of the Republic of Uzbekistan No. DP-5583 dated November 24, 2019 "On additional measures to improve the mechanisms of financing projects in the field of entrepreneurship and innovation".

At present, 1 investment company and 1 venture fund have been established by the state.

  1. Uzbek-Emirates Investment Company.

The Decree of the President of the Republic of Uzbekistan No.DP-5722 dated May 20, 2019 "On measures to organize the activities of the Uzbek-Emirates Investment Company" was adopted.

On March 24, 2019, the Fund for Reconstruction and Development of the Republic of Uzbekistan and the Abu Dhabi Development Fund (UAE) signed the Constituent Agreement on the establishment of the Uzbek-Emirates Investment Company in the form of a limited liability company with an authorized capital of US $ 10 million and its gradual increase to 1 billion US dollars as the company's investment portfolio is formed.

  1. “UzVC” National venture fund

 In order to create an infrastructure for supporting innovative ideas and a start-up ecosystem, the National Venture Fund "UzVC" was established and registered on December 15, 2020 in the form of a Limited Liability Company (LLC) with an authorized capital of 15 billion soums in accordance with the resolution of the Cabinet of Ministers of the Republic of Uzbekistan "On measures to organize the activities of the National Venture Fund" UzVC "No. 684 dated November 3, 2020,.

Detailed information and news regarding the activities of the Fund can be found via the link of the official website of the National Venture Fund "UzVC".