The parties discussed the prospects for cooperation in the field of innovation, digitalization and the development of small and medium-sized businesses, as well as the launch of joint projects to strengthen technological potential and exchange experience between enterprises of the two countries.

During the meeting, a Protocol of Intent was signed, providing for the implementation of joint innovation initiatives, support for startups and the expansion of partnerships between the Republic of Uzbekistan and the INNOBIZ Association of the Republic of Korea.

For reference: InnoBiz Association is an Association of technological Innovations of Small and medium-sized enterprises in Korea, established with the support of the Ministry of SMEs and Start-ups. The organization unites leading companies, promotes the introduction of technologies, export development and business competitiveness. INNOBIZ certification confirms the high technological level of the enterprise and provides access to government support programs. The Association actively implements scientific and technical projects, develops international cooperation and promotes environmentally sustainable solutions.