Uzbekistan and Serbia plan to create a joint venture fund and IT enterprise to strengthen the startup ecosystem of the two countries. This was reported by the press service of IT Park Uzbekistan.
The parties are considering launching a joint venture program worth $ 1 million. The funds of this fund will be directed to support Uzbek startups seeking to enter the European market and Serbian projects interested in the Central Asian market.
The purpose of the venture fund is to strengthen innovation cooperation between the two countries, increase investment opportunities for young entrepreneurs and accelerate the development of international technology projects.
In addition, IT Park Uzbekistan, Uzinfocom and the Serbian delegation agreed to establish a joint IT enterprise in Serbia. The new enterprise envisages the implementation of technological projects, including the Palm ID system.
On October 29, Serbian President Aleksandar Vučić and Uzbekistan's Minister of Digital Technologies Sherzod Shermatov visited IT Park Uzbekistan. The guests were presented with technological solutions from resident companies such as UniconSoft, Didox (Venkon) and Kpi.com, as well as remote monitoring projects of the Uzbekcosmos agency.
The discussions also discussed the prospects for IT outsourcing, KPO services, the development of joint education and acceleration programs, and cooperation with international accelerators and venture funds.
Uzbekistan expressed its readiness to create a server infrastructure and recruit engineers for the implementation of the Palm ID system in Serbia. The Serbian side, in turn, announced its support for the implementation of technologies in the local market and their introduction to the European Union market.
On the same day – October 29 – President Shavkat Mirziyoyev and President Aleksandar Vučić signed a number of agreements on cooperation in the fields of labor migration, tourism, medical services, artificial intelligence and investment protection.
Recall that Uzbekistan had previously announced that it would allocate an additional $ 100 million to finance artificial intelligence projects.
