President of the Republic of Uzbekistan, Shavkat Mirziyoyev, has signed a decree on the establishment of the State Target Fund for the Development of Youth Entrepreneurship, with a total capital of $100 million. This initiative aims to support young entrepreneurs and facilitate the creation of at least 50,000 new jobs.    

 

As part of this fund, a venture capital structure with a budget of $10 million has been introduced to invest in high-potential startups. Depending on the stage of development, eligible startups may receive funding of up to 2 billion UZS:

 

• At the stage of prototype development (MVP) — up to 500 million UZS;
• For a ready product in the domestic market — up to 1 billion UZS;
• For projects with export potential — up to 2 billion UZS.

 

This fund presents significant opportunities for young innovators by facilitating access to essential financial resources and professional support. Aspiring entrepreneurs now have a tangible chance to bring their ideas to life and scale their projects to new heights.

 

For further insights into Uzbekistan’s startup ecosystem, explore this material. If you already have a startup but are unsure how to attract investment, read five key recommendations from Azamat Karamatov.

 

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