IT Park Uzbekistan and Astana Hub are joining forces to develop the regional startup ecosystem

IT Park Uzbekistan and Astana Hub, the largest tech parks in Central Asia, are joining forces to develop the regional startup ecosystem and promote the innovative potential of the region on the global stage under the unified brand Central Asian Innovation Hubs.

During ICT WEEK UZBEKISTAN 2024, Farhod Ibragimov, CEO of IT Park Uzbekistan, and Magzhan Madiev, CEO of Astana Hub, signed a memorandum of cooperation.

The goal of the partnership is to establish a regional identity, share expertise in developing startup ecosystems and venture funds, and implement several joint initiatives to promote promising Central Asian projects at international events.

By the end of this year, the tech parks of both countries will participate in several major international events under the unified brand, including InMerge, TechCrunch, and WebSummit. At InMerge, four startups from the region will be presented to international investors and funds, at TechCrunch — 20, and at WebSummit — 16.

Additionally, plans include ensuring the participation of regional startup projects in the Hero Training Program, Stanford HealthTech Accelerator, and Alchemist Accelerator.

This partnership will provide a new impetus and direction for the development of startup ecosystems in both countries and the region as a whole, enhancing the investment attractiveness of Central Asia. The creation of Central Asian Innovation Hubs will increase the visibility of regional startups on the global stage and open up new opportunities for founders to present their innovations to industry leaders at international events.

Source: it-park.uz