IT Park and Russian Venture Fund signed a memorandum

[January 9, 2020] IT Park met with the Venture Fund and the YellowRockets accelerator from Russia. YellowRockets organizes acceleration programs for large corporations and invests in startups of the early stages of development up to $400,000.

At the course of the visit, both parties discussed possible options for partnership starting from internships to work on the venture financing evolvement in the Republic of Uzbekistan, and signed a memorandum of cooperation to confirm their intensions.

This memorandum involves cooperation between both parties in the field of tech, consulting and exchange of experience on creating an ecosystem to support promising startup projects, venture financing and IT education.

Under the terms of agreement, it is planned to provide an internship for IT Park employees in YellowRockets, training arrangement in venture field and potential collaboration with trackers and mentors of a new wave of IT Park.

In addition, Sergey Bogdanov, founder of YellowRockets, noted the unusually fast progress of IT Park in developing the ecosystem of startups and fair conditions for its residents.

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