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    Unicorn Battle in Tashkent: Verifix to Represent Uzbekistan at the Unicorn Cup in San Francisco

    On January 28, Tashkent hosted the Unicorn Battle at U-Enter, a prestigious event that brought together key stakeholders of the innovation ecosystem, including investors, industry partners, and startups. More than 120 startups from diverse sectors submitted applications, and ultimately, 18 startups with a Minimum Viable Product (MVP) were chosen to present their solutions and demonstrate their potential for scalability.   

     

     

    The event commenced with an opening address by Abdulakhad Kuchkarov, Executive Director of IT Park, who extended his congratulations to the startups and wished the participants success:   

     

    "Today’s event serves as a vivid testament to Uzbekistan’s emergence as a key hub for the startup ecosystem in Central Asia. Such initiatives not only foster a culture of entrepreneurship but also attract the attention of investors and major international stakeholders. I am confident that each startup participating in the Unicorn Battle holds immense potential and will contribute significantly to our nation’s economic growth in the years to come."

     

     

    The event was attended by leading venture capitalists and representatives of major investment funds, including UzCard VC, Semurg VC, IT Park Ventures, Aloqa Ventures, Sturgeon Capital, and the newly established United Ventures. Vladimir Norov, former Minister of Foreign Affairs, also participated as an honorary guest, emphasizing the critical role of startups and emerging technologies in the region’s development.  

     

     

    Panel Discussion: Unlocking Opportunities in Uzbekistan’s Emerging Market 

     

    The first panel discussion was moderated by Alice Fox (Germany) and featured Vladimir Norov, Chairman of the Central Asian Artificial Intelligence Association; Komiljon Ruziev, Investment Manager at Aloqa Ventures; Otabek Nasirov, Chairman of the Central Asian Fintech Association; and Abdulazal Toshkhujaev, Investment Director at UzVC. The discussion explored the current landscape and future prospects for investors in Uzbekistan’s rapidly evolving market.

     

     

    Panel Discussion: Investing in AI Startups — Opportunities in an Emerging Market 

     

    Moderated by Iskandar Kurbanov, Regional Product Lead at VISA, this panel discussion delved into key trends in artificial intelligence. Participants included Zaynab Atabaeva, Investment Manager at IT Park Ventures; Ashaesh Akleker, Chairman of Gaude Business and Infrastructure Solutions; Komiljon Ruziev; and Otabek Nasirov. Panelists shared insights into the opportunities for investing in AI-driven startups across Central Asia.

     

    During the pitch session,18 startups presented their projects, with each team allotted three minutes to showcase their ideas.

     

    Finalists 

     

    Following intense pitching rounds, three startups emerged as finalists, recognized for their exceptional product quality and innovative approaches: Azma Finance, Tilmoch, and Verifix. 

     

     

    Winner: Verifix — a B2B SaaS HR solution designed to address the talent shortage in Central Asia and the Caucasus region. The platform integrates workforce data, accelerates recruitment processes, and drives growth across various industries. Verifix will represent Uzbekistan at the international Unicorn Cup in Silicon Valley, where it will showcase its startup to global investors.

     

     

    Second Place: Azma Finance — an automated accounting platform tailored for small businesses, simplifying tax calculations, financial reporting, and overall financial management.

     

     

    Third Place: Tilmoch — an AI-powered translation service specializing in Turkic languages, outperforming Google and Yandex by a factor of two in Uzbek language translation accuracy.

     

    The Unicorn Battle in Tashkent marked a significant milestone in Uzbekistan’s startup ecosystem, highlighting the immense potential of local companies to attract international investment and expand into new markets. With each passing year, such events continue to play a crucial role in fostering innovation and entrepreneurship in Uzbekistan, further solidifying the country’s position as a key player in the region.

    Latest news

    11 July 2025

    Audiotele and Telecontact: Fergana Emerging as a Hub for IT Employment Growth

    10 July 2025

    IT Park Uzbekistan strengthens cooperation with member companies and supports business scaling

    10 July 2025

    Instructions issued to ensure quality construction and expedite the development of the IT Park Fergana complex

    09 July 2025

    A modern IT infrastructure is taking shape in Fergana: IT Park branch under construction in “Yangi Oʻzbekiston” residential area

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    11 July 2025

    Audiotele and Telecontact: Fergana Emerging as a Hub for IT Employment Growth

    The Minister of Digital Technologies and the CEO of IT Park got acquainted with the operations of IT Park member companies — Audiotele and Telecontact in Fergana.

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    10 July 2025

    IT Park Uzbekistan strengthens cooperation with member companies and supports business scaling

    Representatives of IT Park Uzbekistan held a series of working meetings with member companies — E-LINE PRESS, LEGALMAX CENTRAL ASIA, FINANCIAL CHAIN CORPORATION, and IONE — during which the prospects for further business development, the implementation of new projects, and projected volumes of export services were thoroughly discussed.

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    10 July 2025

    Instructions issued to ensure quality construction and expedite the development of the IT Park Fergana complex

    Minister of Digital Technologies Sherzod Shermatov visited the construction site of the IT Park Farg‘ona complex, currently under development in the city of Fergana, Fergana Region.

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    09 July 2025

    A modern IT infrastructure is taking shape in Fergana: IT Park branch under construction in “Yangi Oʻzbekiston” residential area

    As part of his visit to Fergana Region, Minister of Digital Technologies Sherzod Shermatov reviewed the construction process of an IT Park branch in the city of Fergana, located within the “Yangi Oʻzbekiston” (Eco-City) residential area.

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    09 July 2025

    An “IT Town” has been inaugurated in Toshloq district of Fergana region

    In accordance with the Resolution of the President of the Republic Uzbekistan dated May 15, 2024, “On the organization of the activities of “IT Towns” aimed at creating additional conditions for training youth in digital technologies and foreign language in the regions”, it has been set to establish one “IT Town” in each region. The official opening ceremony of the “IT Town” complex in Toshloq district of Fergana region, took place. The ceremony was attended by the Minister of Digital Technologies, Sherzod Shermatov, and the Governor of Fergana region, Khayrullo Bozorov.

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    08 July 2025

    ITPU presents a new university concept

    The Open Day of IT Park University was held at the Ministry of Digital Technologies, attracting prospective students, their parents, and those interested in IT education and professional development. More than 100 guests had the opportunity to learn about the university’s academic programs, ask questions regarding admissions, studies, and career prospects, and engage directly with students and representatives from IT companies. The event also featured presentations on bachelor’s and master’s degree programs.

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    07 July 2025

    June Highlights: 58 new exporters and 29 foreign companies joined IT Park

    IT Park Uzbekistan continues to welcome new member companies and foster the development of the country’s export potential. In June 2025, dozens of new companies focused on foreign markets and international collaboration joined the ecosystem.

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    07 July 2025

    Uzbekistan and France strengthen partnership in outsourcing and startup development

    IT Park Uzbekistan hosted a meeting between Abdulakhad Kuchkarov, CEO of IT Park, and Aurelia Bouchez, Ambassador Extraordinary and Plenipotentiary of France to Uzbekistan. The parties discussed expanding cooperation with French companies and startup ecosystems.

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    07 July 2025

    Berlitz and IT Park discuss cooperation in language training for specialists

    IT Park Uzbekistan hosted a meeting between Abdulakhad Kuchkarov, CEO of IT Park, and Fortune Joy F. de Lara, CEO of Berlitz Philippines and Berlitz Uzbekistan. The meeting was also attended by Makhliyo Muksinova, Services Export Development Director at IT Park, along with other representatives from both organizations.

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    03 July 2025

    Korea’s largest BPO company KSJOB.Inc prepares to launch office in Uzbekistan

    Makhliyo Muksinova, Services Export Development Director at IT Park Uzbekistan, held a meeting with representatives of KS JOB Inc.. During the meeting, the company announced the commencement of a pilot recruitment program. In the near future, 30 candidates with a C1-level proficiency in Korean and typing skills of up to 200 characters per minute will be selected to join KS JOB Inc.