Youth Startup Projects to Be Funded by a Special Fund
Uzbekistan
The Presidential Decree No. PQ-60 was adopted on measures to improve the system for supporting business projects aimed at promoting youth entrepreneurship and employment.
According to the decree, the State Targeted Fund for the Development of Youth Entrepreneurship will be established under the Youth Affairs Agency, based on the Young Entrepreneurs Support Fund.
The fund’s financing will be increased to an equivalent of 100 million USD from designated sources.
The key performance indicator of the fund will be to ensure employment for at least 50,000 young people and engage them in entrepreneurship.
Land plots along rivers, canals, and shorelines will be allocated through electronic online auctions for the placement of business projects in the service, entertainment, and recreation sectors.
A venture capital fund with a charter capital of 10 million USD will be established under the Fund to finance promising youth startup projects.
The fund’s financing will be increased to an equivalent of 100 million USD from designated sources.
The key performance indicator of the fund will be to ensure employment for at least 50,000 young people and engage them in entrepreneurship.
Land plots along rivers, canals, and shorelines will be allocated through electronic online auctions for the placement of business projects in the service, entertainment, and recreation sectors.
A venture capital fund with a charter capital of 10 million USD will be established under the Fund to finance promising youth startup projects.
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