Uzbekistan and Serbia will create new opportunities for international scaling of startups

On September 7, 2026, in Belgrade, a delegation from IT Park Uzbekistan, led by Advisor to the CEO Abdulkhokim Kuchkarov, met with Sasa Lazovic, Managing Director of the Innovation Fund of the Republic of Serbia.

As a result of the meeting, IT Park Uzbekistan and the Innovation Fund of the Republic of Serbia signed a Memorandum of Understanding. The document aims to strengthen cooperation between the startup ecosystems of the two countries and establish practical interaction between startups, investors, and development institutions in Uzbekistan and Serbia.

The parties intend to facilitate the mutual market entry of startups into Uzbekistan and Serbia, support their international scaling, and exchange experience and tools for developing technological entrepreneurship.

Special attention will be given to developing connections in the field of venture capital and exploring opportunities for joint investment initiatives.

A priority of the cooperation will be raising awareness among Serbian startups and IT companies about opportunities in Uzbekistan. The partnership is also expected to contribute to expanding the international reach of the Land of Startups program and establishing permanent channels of interaction with the innovation ecosystem of Southeast Europe.

The Memorandum provides for joint meetings, seminars, familiarization trips, and other events. These will help startups from both countries establish direct business contacts, explore new markets, and find partners for further development.

During the meeting, representatives of the Innovation Fund of the Republic of Serbia were also invited to participate in ICT Week Uzbekistan. They expressed interest in the event.

The signing of the Memorandum marks a step toward transitioning from institutional dialogue to systematic cooperation between IT Park Uzbekistan and the Innovation Fund of the Republic of Serbia, including the implementation of joint initiatives and the creation of new opportunities for startups and technology companies in both countries.

Source: IT Park Uzbekistan