International Finance Corporation delegation visited IT Park

A delegation of the International Finance Corporation (IFC) led by international venture finance expert Max Gurvits visited IT Park.

The agenda put forward discussion of issues regarding development of venture funds in Uzbekistan.

At the meeting, the sides discussed the number and type of post idea startups and the most successful ones in Uzbekistan, the main market and development sources for startups in the republic.

The sides also exchanged views on the issues business ideas are facing, and discussed active foreign venture investors in Uzbekistan.

The development of venture funds and the introduction of venture investments will increase the share of the IT sector in the country's economy, which can significantly affect GDP growth and the living standards of people, sides noted.

Following the results of the meeting, participants signed an agreement, which implies active cooperation in order to support forward-looking, and knowledge-intensive startup projects, innovative ideas and further development of venture financing.

For reference:

Max Gurvits­ is a Dutch entrepreneur and investor, international expert on venture financing.

Mr. Gurvits is also

-a co-founder of Eleven Ventures that invested 12 million euros in more than 120 tech companies;

- Active business angel and founder of innovative entrepreneurial ecosystems in Europe and the USA.

- Ex-curator of the largest network of angel investors Cross Border Angels in San Francisco;

- Co-founder of DataTiger, a big data processing service in London, and the Summit Summit forum, which brings together 100 leading entrepreneurs and investors from the US and Europe twice a year;

- Since 2019, the managing partner of the Vitosha Venture Partners fund, which invested 26 million. Euro in over 100 companies in South-Eastern Europe;

- Board member at the Bulgarian Venture Capital Association and consultant for the development of entrepreneurial and venture ecosystems with extensive experience in Eastern Europe, the former Soviet Union, Latin America and Asia.