Start-ups in Uzbekistan
Uzbekistan's start-up ecosystem has grown rapidly in recent years, supported by government initiatives, expanding digital infrastructure, and increasing venture capital activity. Presidential Resolution No. PP-59 of 11 February 2026 introduced a comprehensive framework to support start-ups from their initial development to international expansion, promoting innovation, venture investment, and new opportunities for foreign investors in Uzbekistan.
- Startup ecosystem value
- $4.3B
- Official estimate, May 2026
- Start-ups in Uzbekistan
- 950
- Official estimate, May 2026
- Active venture funds
- 22
- Official estimate, May 2026
- IT services exports
- ≈$1B
- 2025
The development of Uzbekistan's start-up ecosystem
2019
Establishment of IT Park Uzbekistan
Uzbekistan's first IT Park opened in Tashkent on 24 July 2019, providing infrastructure, incubation, acceleration, and business support for technology companies and start-ups.
2020
Establishment of the national venture fund "UzVC"
Cabinet of Ministers Resolution No. 684 of 3 November 2020 established the National Venture Fund "UzVC" to support innovative projects, develop venture financing, and strengthen the country's start-up ecosystem.
2024
Uzbekistan's first technology unicorn
In March 2024, Uzum became Uzbekistan's first technology unicorn, achieving a post-money valuation exceeding $1 billion after securing $114 million in financing, comprising $52 million in equity investment and $62 million in debt financing.
2024
Expansion of venture financing infrastructure
Presidential Resolution No. PP-357 of 14 October 2024 introduced additional measures to support digital start-ups and venture investment. On 7 December 2024, IT Park Ventures was officially launched to finance and support technology start-ups.
2025
Growth in start-up activity and investment
According to IT Park Uzbekistan, the number of start-ups increased from approximately 400 in 2024 to 750 in 2025, while the number of reported venture investment deals rose from 38 to 140. TBC Bank Group also completed the acquisition of a majority stake in the Uzbek retail technology company BILLZ.
2026
Introduction of a comprehensive start-up support framework
Presidential Resolution No. PP-59 of 11 February 2026 established a four-stage system of support for start-up development. The resolution set targets of increasing the number of start-up projects to 5,000 and attracting $2 billion in venture investment by 2030.
2026
Further international investment in Uzum
In March 2026, Uzum secured a strategic financing package exceeding $130 million, led by sovereign entities of Oman, with participation from existing international investors. The transaction combined primary equity and structured capital and established a $2.3 billion pre-money valuation reference point linked to a future financing round.
Successful start-ups in Uzbekistan
Explore some of Uzbekistan's leading start-ups and successful companies.
Uzbekistan start-up ecosystem: key sectors
Sector distribution based on StartupBase analytics; headline indicators use official government and sector reporting.
Sources: StartupBase analytics (Top Startup Industries, accessed Oct 2026); Government of Uzbekistan and sector publications.
Explore investment opportunities
Uzbekistan's growing start-up ecosystem offers foreign investors opportunities in fintech, artificial intelligence, e-commerce and other innovative sectors. Investors can take part through direct investment, venture funds and strategic partnerships, supported by the Investment Promotion Agency of Uzbekistan.