A venture fund has been launched in Uzbekistan.

According to him, the mission of IT Park Ventures is to provide startups with capital, expertise, and resources for their successful entry into global markets.

The fund's authorized capital will amount to $10 million. Of this, 75-85% will be allocated for direct investments, while the remaining funds will support the Local2Global program aimed at promoting startups in foreign markets.

The average investment per project will be $150,000, with amounts varying depending on the startup's development stage:

- Idea stage — from $10,000 to $30,000;

- Minimum Viable Product (MVP) — from $50,000 to $150,000;

- Seed stage or growth stage — from $150,000 to $300,000;

- Series A funding round — from $500,000 to $1 million.

IT Park Ventures will primarily focus on projects in the fields of artificial intelligence and machine learning, with plans to allocate 50-60% of investments to these areas. Additionally, priority will be given to green technologies (GreenTech), educational technologies, fintech, and game development.

The fund intends to actively invest during the first three years and then gradually expand its project portfolio over the next 4-8 years, preparing for the implementation of its exit strategy.