UzVC

UzVC is Uzbekistan's national fund of funds under the Ministry of Economy and Finance, established in 2020 as the country's first venture capital structure. The fund backs both local and international fund managers, developing Uzbekistan's venture capital ecosystem and channeling foreign capital into Central Asia. By 2030, UzVC plans to deploy approximately USD 100 million, acting as an anchor investor for a number of new funds. The partnership with AICA is formalized through a memorandum of cooperation and focuses on supporting AI initiatives and advancing the country's technology startups.