IT Park Uzbekistan and the Asian Development Bank (ADB) have concluded a letter of intent worth 200 million US dollars. This project is aimed at developing artificial intelligence research and development, as well as commercializing technologies in Uzbekistan.
This was announced during the Startup and Venture Capital Summit held as part of ICT Week 2026 in Tashkent. The document was officially exchanged by IT Park CEO Azamat Karamatov and ADB Director for Uzbekistan Kanokpan Lao-Araya.
At the opening ceremony, the Minister of Digital Technologies of Uzbekistan, Sherzod Shermatov, noted that this project involves creating about 100 technological startups and implementing 300 research projects. He also stated that approximately 2000 startups are registered on the national platform Startup Base, and there are about 25 venture funds operating in the country, noting that the ecosystem has already produced two 'unicorns.'
After the signing, Kanokpan Lao-Araya emphasized that the ADB supports the government and private sector of Uzbekistan in achieving development goals. She characterized the country as having a high pace of reforms and a youth population enthusiastic about technology. Lao-Araya added that cooperation with the private sector is carried out through continuous dialogue with state bodies, and she noted Uzbekistan's significant progress in infrastructure and reforms in recent years.


