IT Park Hosted a Meeting on Legal Document Standardization for Startups

As part of ongoing efforts to enhance legal and operational transparency within Uzbekistan’s startup ecosystem, IT Park convened a working meeting focused on the standardization of legal documentation to support startups in structuring investment deals.

The event brought together representatives of the country’s leading venture capital funds, including AloqaVentures, IT Park Ventures, SQB Ventures, UC Ventures, and the Youth Entrepreneurship Development Fund. Joining the discussion were also startup founders who have already secured investment and possess firsthand experience in engaging with investors.

Participants reviewed existing legal document templates and proposed directions for their refinement. Particular attention was given to the development of additional standardized documents that reflect:

• the specifics of early- and late-stage financing rounds;
• investment agreements involving foreign investors;
• corporate governance issues and the allocation of rights among stakeholders.

The participating venture funds expressed their support for the development of an extensive, publicly accessible repository of standardized documents to serve as a common reference for all market participants. Furthermore, proposals were made to develop a dedicated set of templates for:

• the establishment and registration of new private venture capital funds;
• the regulation of private investors (including angel investors), in alignment with national legislation and international best practices.

At the conclusion of the meeting, the parties reaffirmed their interest in continued collaboration and agreed to maintain and regularly update the document repository to ensure it meets the evolving market needs and fosters a robust investment environment in Uzbekistan.

IT Park remains committed to serving as a facilitator between startups, investors, and legal experts, supporting the creation of the legal infrastructure necessary for the long-term development of the country’s technology and entrepreneurship sector.