The UzVC Foundation was established at the end of 2020. It is considered the national venture capital fund for investing in startups. 100% owned by the state.
Private management companies without a state share can participate in the competition. One of the main conditions for choosing is to attract private money in the amount of 15 billion soums (the fund’s capital).
Applicants must submit a business plan where it is necessary to demonstrate:
- analysis of the current state, highlighting the strengths and weaknesses;
- marketing research of the market;
- forecast figures for net profit for three years.
Applications are accepted until May 10.