During the visit of the Uzbek delegation to the United States, Elbek Kariev, the Permanent Representative of IT Park in the U.S., met with Frances Simowitz, CEO of QUAY Acceleration. The parties discussed prospects for collaboration within a hybrid program designed to support Uzbek startups aiming to enter the North American market.
Founded in 2020, QUAY specializes in startup acceleration and international expansion. The company has an annual turnover of $20 million and offers programs that include virtual accelerators, immersive trips to New York, pitch training, mentorship, investor sourcing, and support for market entry into the U.S. for startups from Europe, Central Asia, Latin America, and the MENA region.
QUAY already collaborates with accelerator programs in Kazakhstan and Kyrgyzstan, assisting founders in securing investments and closing strategic deals.
QUAY presented IT Park with a detailed plan for a hybrid program tailored for 15 startups. The program includes: a 4-week virtual accelerator covering the fundamentals of entering the U.S. market; a 5-day immersive trip to New York, featuring meetings with investors, partners, and experts; a modular budget and flexible terms adapted to IT Park’s priorities.
Frances Simowitz emphasized: “Our goal is to build sustainable bridges between Uzbek startups and the U.S. ecosystem. I am confident that Uzbekistan can become a new regional hub for innovation.”
Elbek Kariev, Permanent Representative of IT Park in the U.S., noted: “Supporting export-oriented startups is one of our key priorities. Programs like QUAY Acceleration not only strengthen Uzbekistan’s position on the global innovation landscape but also provide founders with access to unique knowledge and networking opportunities.”
This partnership with QUAY Acceleration represents a significant opportunity for Uzbek startups pursuing global expansion. The company’s expertise in the U.S. market, combined with IT Park’s resources, paves the way for international investments and strategic alliances. The parties intend to formalize a cooperation roadmap in the forthcoming months.
