IT Park Ventures and DOMiNO Ventures Establish Strategic Partnership and Host Meetup to Support Uzbek Startups

As part of efforts to enhance international cooperation and integrate Uzbekistan into the global innovation ecosystem, IT Park Ventures and DOMiNO Ventures have signed a strategic Memorandum of Understanding (MoU). The agreement was signed by Azamat Karamatov, CEO of IT Park Ventures, and Yagiz Karadeniz, Managing Partner of DOMiNO Ventures.

This MoU aims to create favorable conditions for the development of high-tech startups, attract venture capital, and facilitate co-investment in promising technology enterprises in Uzbekistan. The collaboration will unlock new opportunities for Uzbek startups by providing access to international investment networks, strategic resources, and advanced expertise.

DOMiNO Ventures: A Global Player in Venture Investments

DOMiNO Ventures is a prominent Dutch venture capital fund specializing in financing high-growth startups in artificial intelligence, deep tech, clean tech, and other advanced technologies. With a presence in Amsterdam, Istanbul, Tashkent, Almaty, Baku, Tallinn, Warsaw, and Tbilisi, DOMiNO Ventures actively supports technology companies focused on global expansion and scalability.    

Launching the Partnership: DOMiNO Ventures x IT Park Ventures Meetup

Within the framework of the commencement of this collaboration, IT Park Ventures, IT Park Uzbekistan with the informational support of U-Enter hosted a meetup featuring Yagiz Karadeniz, Managing Partner of DOMiNO Ventures, and Tahir Deniz Ozustun, Startup Sourcing & Support Manager. The event brought together startup founders, investors, and key stakeholders from the technology sector, including Plug and Play Uzbekistan, StrategEast, 1K Leaders, and others.   

Key Discussion Topics and Insights:

• DOMiNO Ventures’ investment strategy and its potential to accelerate the growth of Uzbek startups.
• Co-investment mechanisms and criteria defining the prospects of projects for international venture funds.
• Case study: Examination of Point AI’s Investment Trajectory — an Uzbek startup that secured funding from DOMiNO Ventures in 2024 with the support of IT Park Uzbekistan.
• The dynamics of the venture capital market in Central Asia and the principal challenges confronting local technology companies.

Moreover, following the event, participants were able to establish professional connections with international investors, gain valuable insights on advancing their projects, securing investment, expanding into global markets, and exchange contacts.  

Long-Term Impact and Future Prospects

The partnership between IT Park Ventures and DOMiNO Ventures will not only boost venture capital inflows into Uzbekistan but also facilitate the creation of an ecosystem capable of nurturing globally competitive startups.

The synergy between national initiatives and international investment institutions plays a crucial role in building a sustainable technology-driven economy. This collaboration is anticipated to serve as a catalyst for the emergence of new technology leaders within the region.