The Minister of Innovative Development Ibrokhim Abdurakhmonov received the delegation of Turkey led by the chairman of the TOBB Göktekin Dinçerler.

The parties discussed the creation of an Uzbek-Turkish venture foundation with a capital of at least $2 million. The purpose of this institution will be to develop the venture ecosystem of our country by financing innovative projects and start-ups. 

In order to implement the documents adopted within the framework of the Turkic Council meeting, the development of small and medium-sized enterprises through the creation of joint technoparks, start-up businesses, innovative companies and ventures has been determined. It is planned to study and introduce the experience of the CCTS member states, in particular Turkey, in this field.

Following the meeting, a memorandum of understanding was signed between the Ministry of Innovative Development of Uzbekistan and the TOBB.

In addition to creating a joint venture foundation, the parties agreed on implementation of investment programs aimed at developing the innovation ecosystem of the two countries.