powered by

ministry of economy and finance

UzVC is a fund of funds which backs exceptional managers - both local and international - who are unlocking opportunities in Central Asia's fastest-growing economy of Uzbekistan.

Techstars Uzbekistan Startup Community Programs 2026

{ Who we are }

UzVC is Uzbekistan's first VC firm, now operating as a government-backed fund of funds under the Ministry of Economy and Finance. Our mission is to empower and accelerate our national startup ecosystem.

Beyond capital deployment, we're active ecosystem developers who have built meaningful relationships with key stakeholders across the international innovation landscape. Our track record includes significant contributions to Uzbekistan's startup community - from launching acceleration programs to fostering connections between founders, investors, and government partners.

{ UzVC in numbers }

UzVC impact is reflected in the numbers.

Startups

14

Direct startup investments

$1M+

Capital deployed

~3x

Markup Multiple

$6M+

Portfolio TTM Rev

30+

Startups accelerated

Funds

4

Fund investments

$100M

Amount invested

7

Backed startups

{ Our team }

Core

Meet our core team. We are always happy to talk with you about startups.

Dilshod Khashimov

Dilshod Khashimov

Chief
Executive
Officer

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Abdulazal Toshkhujaev

Abdulazal Toshkhujaev

Managing
partner/ Deputy CEO/ Investment Director/ Head of startup growth center

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Ilkhom Norkulov

Ilkhom Norkulov

Board
Chair

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We're operators and investors obsessed with delivering tangible results, building high-impact connections, and creating real value for our entrepreneurs and investment partners.

{ Insights }

Explore our perspectives holistically connecting macro and micro trends — by following us you will witness the best of what's happening in the Uzbek market.

To foster the development of innovative startup projects in the pharmaceutical sector, a meeting was held between Dilshod Khashimov, Head of the UzVC National Venture Fund, and Abdulla Azizov, Director of the Pharmaceutical Industry Development Agency.

On March 5, the official launch and presentation of Techstars Uzbekistan took place in Tashkent.

{ Our partners }

We collaborate with reliable partners who share our values and contribute to the development of joint initiatives.