Tashkent

Samarkand

Gulbahor

Qarshi

Navoiy Region

Dahbed

Nukus

Uzbekistan is an emerging innovation hub in Central Asia, with a startup ecosystem shaped by ongoing digital transformation and strong public sector support. Its strategic location positions it as a gateway to major regional markets including China, Russia, and the Middle East. 

 The government of Uzbekistan is positioning the country as a regional tech hub through its “Digital Uzbekistan 2030” strategy. We are especially impressed by the work of IT Park Uzbekistan, which stands as a pillar of the country's startup growth by providing world-class infrastructure, deep international partnerships, and a fast-track route for startups looking to scale globally. Moreover, nationwide, 22 Free Economic Zones (FEZs) provide further incentives for startups and investors. The introduction of the IT Visa reflects broader efforts to attract international talent and strengthen global collaboration. This visa is part of a wider strategy to position Uzbekistan as a regional digital hub by making it easier for foreign IT professionals, entrepreneurs, and investors to live and work in the country. 

 Alongside public efforts, Uzbekistan’s startup ecosystem is increasingly supported by public-private partnerships (PPP) and private sector initiatives. 

 

 A standout example is the Plug and Play Uzbekistan accelerator, launched with IT Park Uzbekistan, connecting local startups to global networks. Local players like StartupFactory provide early-stage support, while TEAM University, the country’s first private entrepreneurial university, is helping to build a skilled, business-ready workforce. Moreover, regional organizations like the Asian Development Bank play a key role in supporting public-private partnership projects in Uzbekistan, particularly in healthcare, education, and renewable energy, while also helping improve the legal framework for investments. These efforts have already delivered major results, most notably the rise of Uzum, which is the first unicorn of the country. While challenges like limited external funding and talent shortages remain, ongoing regulatory reforms, expanding access to capital, and stronger international partnerships are helping position Uzbekistan as a rising tech hub in Central Asia. With continued momentum, the outlook for the country’s startup ecosystem is increasingly promising.

Uzbekistan

Elevate Pay is a financial technology company that provides innovative financial services and products, including local and dollar cards. It also offers a feature for free remittances, making it easier for users to manage their finances and send money across borders effortlessly.

Elevate Pay

Newark

Elevate Pay startup from Newark, United States is ranked 12585 out of 197184 worldwide and 4545 from the 72826 startups in United States. See more information and additional rankings on the StartupBlink Global Ecosystem Map

Launch of IT Park Ventures with an initial capital of US$ 10 million, dedicated to supporting startups in sectors such as AI, green technologies, Fintech, Edtech, and Game Development. ​

2023

IT Park Uzbekistan starts issuing visa for investors, founders and IT companies.​

2022

Launch of Digital Uzbekistan 2030 Strategy aiming to transform the country into a digital economy by enhancing infrastructure, promoting e-governance, and supporting the growth of tech startups.

2021

Launch of the Startup Initiative Program to identify and support promising startups across various sectors, providing them with mentorship, training, and funding opportunities. 

2020

Establishment of IT Park Uzbekistan, a dedicated technology park aimed at fostering innovation and supporting tech startups. 

2019

StartupFactory becomes the first private startup accelerator in Uzbekistan focused on IT projects.

2015

Elevate Pay Startup Info & Ecosystem Rankings | StartupBlink