IT Park Ventures is expanding its collaboration with international companies.

ESG EQ Partners LLC, based in Sharjah, UAE, supports businesses, governments, and investors in achieving environmental, social, and governance (ESG) goals by addressing challenges in the global market. The company plans to open an office in Riyadh, Saudi Arabia, which will provide new opportunities for collaboration and development in the region.

The parties have agreed to jointly invest in "green" technologies, focusing on startups related to renewable energy and sustainable development. This partnership will grant Uzbek startups access to funding and mentorship while creating opportunities to enter the markets of the Middle East and North Africa, including Saudi Arabia and the UAE.

Additionally, possibilities for Uzbek startups to receive mentorship support, access to a global network, and investment opportunities in the markets of Saudi Arabia and the UAE were discussed.

Under the memorandum, the parties will implement joint support programs for startups and IT Park residents aimed at providing access to resources, funding, and professional mentorship. Azamat Karamatov emphasized the importance of creating conditions for the successful entry of Uzbek startups into the markets of Saudi Arabia and the UAE, leveraging the global networks of ESG EQ Partners, which will open new prospects for business growth and expansion.

The parties also agreed that ESG EQ Partners will provide consulting services to IT Park Ventures on structuring an investment fund to attract foreign investors. This will help create a transparent and efficient structure that meets international standards, increasing the confidence of foreign investors and providing Uzbek startups with access to international capital, ensuring their growth and scaling opportunities in the global market.

As part of the collaboration, startups and partners of ESG EQ Partners from the MENA region will also receive support in entering the Uzbek market and establishing development offices, creating opportunities for business expansion and the introduction of innovative technologies into Uzbekistan's rapidly growing ecosystem. This will foster the development of joint projects and the creation of new jobs in the technology and sustainable development sectors.

The signing of the memorandum of cooperation with ESG EQ Partners LLC is an important step in expanding Uzbekistan's international presence in the global technology arena. These initiatives will open new horizons for Uzbek startups and tech companies and will promote the development of eco-friendly and sustainable technologies in the region.