From the Pivot.uz | Startups and technology channel.
From next year the “Digital Startups” programme will be expanded and a comprehensive support system introduced to take a product all the way from startup idea to export.
To set up private startup centres, interest-free loans of up to 5 billion soums for 5 years will be provided from the Youth Fund.
A Fintech Office and Innovation Hub will also be established under the Central Bank, bringing in leading specialists from Singapore. As a result, every year 15-20 fintech startups will be taken to international markets and helped to attract up to $1 billion in investment.
Overall, the need to develop the market for modern financial instruments such as venture funds, startups and fintech, and to guarantee the rights of its participants in law, was stressed.
In that connection the President called on Parliament to draft, together with the Government, a law “On alternative investment funds”.
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