Uzbekistan, World Bank Collaborate To Boost Startup Ecosystem

(MENAFN- Trend News Agency)
Tashkent, Uzbekistan, August 2. Representatives
of Uzbekistan held a meeting with the World Bank to discuss the
development of the national startup ecosystem and the launch of a
joint initiative to support innovative business projects, Trend reports.

The meeting was attended by Timur Khusanov, Director of the
Department for Analysis, Support, and Coordination of State Policy
for the Development of Small and Medium-Sized Businesses under the
Ministry of Economy and Finance; Abdulazal Tashkhuzhaev, Investment
Manager at the National Venture Fund “UzVC”; and Yerali Beksultan
and Sergey Makarov, representatives of the World Bank.

During the convening, stakeholders engaged in a discourse
regarding a novel project paradigm designed to bolster startup
ecosystems and cultivate conducive environments for the advancement
of innovative entrepreneurial ventures in Uzbekistan.

Particular attention was paid to the preliminary design and
framework of the “Startup and Business Investments in Technology
(SABIIT)” project. The project is intended to provide financial and
institutional support for early-stage technology companies,
stimulate private investment, and strengthen the overall innovation
infrastructure in the country.

As a result of the discussions, an agreement was reached to
proceed with the implementation of this new joint project in
cooperation with the World Bank.

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