Uzbekistan plans to increase venture capital investment to $2 bn and expand the number of startups to 5,000 by 2030 under a presidential decree issued by President Shavkat Mirziyoyev.
The strategy also aims to commercialise 2,000 youth startup ideas and bring around 400 of them to international markets.
Winners of innovation contests and hackathons will be eligible for loans of up to $20,000 from state-backed venture funds.
Entrepreneurs may also apply for grants of up to $10,000 under the Digital Startups programme.
From 2027, research and development centres will open across the country to support early-stage companies. These...