Publication Details
Issue: Vol 7, No 11 (2024)
Pages: 1164-1169
ISSN: 2576-5973

Abstract

In order to drive economic innovation, this study examines the crucial function and evolutionary trajectory of venture capital, concentrating on Uzbekistan and making comparisons with international patterns. While industrialized countries successfully use venture capital to support high-tech companies and entrepreneurship, Uzbekistan faces obstacles like restrictive private investment and lax legal frameworks. By means of statistical and comparative studies, the report pinpoints a noteworthy surge in venture capital investments in Uzbekistan in recent times, with noteworthy contributions to technological startups and innovative firms. Further advancement is hampered, therefore, by inadequate finance systems and unpredictable investment. The results demonstrate the transformative potential of removing these obstacles through incentives for private participation and legislative changes. In order to maintain innovation-driven growth and improve economic competitiveness, it is imperative that venture capital strategies be optimized, as this study highlights.

Keywords
venture capital innovations startups technological development investments Uzbekistan's economy global experience innovation ecosystem financing competitiveness economic growth international experience startup ecosystem digital economy biotechnology Uzbekistan's venture capital local business global market small and medium-sized businesses innovative businesses