IT Park Uzbekistan expands cooperation with Egypt in IT and innovation

Representatives from IT Park Uzbekistan conducted a working visit to Cairo, where they engaged in a series of meetings with government entities, venture capital funds, technology firms, and outsourcing partners in Egypt. As a result of these discussions, the parties reached agreements to enhance institutional cooperation, arrange delegation visits to Uzbekistan, and facilitate the establishment of offices for several Egyptian companies within the country.

Embassy of Uzbekistan: alignment of plans to advance IT cooperation

Delegates from IT Park Uzbekistan met with officials from the Embassy of Uzbekistan in Egypt. During their discussions, they explored strategies to broaden collaboration in the information technology sector and support initiatives for Egyptian firms looking to enter the Uzbek market. The parties agreed to cooperate in organizing business meetings and promoting the offerings of IT Park Uzbekistan to the local business community.

The Embassy also affirmed its commitment to providing diplomatic and organizational assistance in fostering connections between public and private institutions in both nations, thereby laying the groundwork for the further development of joint IT projects.

F6 Ventures: discussion of investments and expansion in Uzbekistan

In a meeting with the venture capital fund F6 Ventures, the participants discussed potential investment opportunities, support for startups, and areas for collaboration. The Egyptian representatives expressed a keen interest in investigating the Uzbek market and participating in events organized by IT Park Uzbekistan.

F6 Ventures is an Egyptian venture capital fund founded in 2022 that focuses on supporting early-stage startups by investing in projects across various sectors, such as fintech, e-commerce, and edtech. The fund also offers mentorship and expert guidance to teams.

V.Connct: interest in opening an office and entering the Central Asian market

V.Connct explored the possibility of establishing an office in Uzbekistan and utilizing the country as a gateway to the Central Asian market. During the meeting, they were presented with information on tax incentives, the Zero Risk program, and the benefits of collaborating with local IT talent. The company expressed a desire for further market analysis and plans to visit Uzbekistan as part of an upcoming event.

V.Connct is a technology firm that develops digital solutions for corporate communications, customer support, and business process automation.

The company develops platforms for contact centers, omnichannel services, and AI-driven tools. V.Connct is planning to expand internationally by establishing offices in promising technology hubs.

Main Telecom: interest in localizing development and attracting IT specialists

Main Telecom has investigated potential entry into the Uzbek market and has shown interest in engaging in events hosted by IT Park Uzbekistan. Key discussion points included the conditions for software development, service localization, and the recruitment of local specialists.

Main Telecom is a technology firm within the telecommunications industry that creates software solutions for telecom operators and corporate clients. The company develops network management systems, digital services, and automation tools, and is contemplating international expansion, particularly in regions with emerging IT infrastructure and a robust engineering workforce.

Algebra Ventures: discussions on investments and participation in IT Park Uzbekistan events

Conversations with the venture capital fund Algebra Ventures centered on investment prospects in Uzbek startups, the fund’s involvement in events at IT Park Uzbekistan, and pathways for startups to access new markets.

Algebra Ventures ranks among the largest venture capital funds in Egypt and the MENA region. The fund invests in startups across sectors such as fintech, e-commerce, logistics, education, and B2B solutions, supporting teams at both early and growth stages. Beyond financial backing, the fund offers mentorship and assistance with scaling. Algebra Ventures is exploring new markets and views Uzbekistan as a promising investment opportunity.

EgyRobo: interest in establishing a back office and attracting specialists from Uzbekistan

EgyRobo has declared its plans to set up a back office in Uzbekistan and recruit local IT specialists. The meeting focused on adapting the company’s digital products for the local market and achieving member status at IT Park Uzbekistan.

EgyRobo is one of Egypt’s leading IT firms, operating since 2006. The company specializes in robotics, process automation, and the creation of software solutions for international clients. With experience in Europe, EgyRobo sees Uzbekistan as a promising avenue for expansion and is actively pursuing new markets to build engineering teams and initiate technology projects.

EdVentures: Entry of EdTech Startups into the Uzbek Market

The EdVentures fund investigated the potential for expansion into Uzbekistan by engaging its EdTech startups in events at IT Park Uzbekistan and evaluating the local market's prospects. The discussions included identifying projects that would resonate with the Uzbek audience, as well as exploring various formats for startup involvement in exhibitions, pitch sessions, and educational initiatives.

EdVentures is an Egyptian venture fund that focuses on investing in educational technology and entrepreneurial projects. The fund aids early-stage startups by offering financial support, mentorship, acceleration programs, and access to a network of partners. EdVentures also helps its portfolio companies to penetrate international markets, including those in Asia and Africa.

ACT International: Discussion on Establishing an Export-Oriented Call Center Hub in Uzbekistan

ACT International explored the feasibility of establishing an export-oriented call center hub in Uzbekistan. The discussions centered on talent availability, infrastructure, and support programs.

ACT International is a global company specializing in customer service outsourcing and call center operations. The firm offers customer support, technical assistance, and process automation services. ACT International is looking to expand into new markets and is particularly interested in countries that boast strong talent pools and conducive conditions for setting up service hubs.

Plug and Play Egypt: Discussion on Collaboration in Startup Acceleration and Program Expansion in Uzbekistan

The potential for collaboration within startup and venture initiatives was a key topic of discussion. Plug and Play expressed a desire to take part in IT Park Uzbekistan events and to evaluate startups for entry into the Central Asian market.

Plug and Play is a worldwide innovation platform that collaborates with startups, corporations, and investors globally. The organization aids startups in securing investment, identifying strategic partners, and entering new markets. Plug and Play is broadening its operations in the MENA region and considers Uzbekistan a promising venue for developing programs and projects.

ITIDA: Discussion of Institutional Cooperation and Support for Companies Entering New Markets

During the meeting, the participants explored opportunities for collaboration, sharing experiences, and providing support for companies seeking to enter new markets.

Representatives from IT Park Uzbekistan introduced their membership programs, including the Zero Risk and soft-landing initiatives, as well as the favorable conditions established in the country for international IT firms. ITIDA expressed interest in collaborative efforts and indicated a willingness to facilitate connections between IT Park Uzbekistan and local enterprises. Both parties agreed to continue discussions regarding practical steps towards a future partnership.

ITIDA, the Information Technology Industry Development Agency, is a governmental organization in Egypt dedicated to advancing the IT sector and supporting technology firms. The agency aids businesses with registration processes, talent acquisition, and market entry, while also implementing programs aimed at enhancing IT services exports and digital technologies. ITIDA plays a crucial role in positioning Egypt as a leading IT hub in the region.

GAFI: Discussion on Investment Cooperation and Support for Companies Entering the Uzbek Market

In discussions with the General Authority for Investment and Free Zones (GAFI), the parties addressed investment regulations, the promotion of foreign enterprises, and the potential for institutional support for Egyptian businesses entering Uzbekistan. GAFI expressed a keen interest in fostering partnerships and underscored the opportunities the Uzbek market presents for Egyptian companies. The parties agreed to maintain an exchange of information and consider GAFI’s involvement in future events organized by IT Park Uzbekistan.

GAFI is Egypt's governmental authority tasked with attracting investment and supporting businesses. The organization provides assistance to investors, develops free economic zones, and streamlines business conditions, playing a vital role in shaping the nation’s investment policy.

MCIT Egypt: Discussion on Government Support and Intergovernmental Cooperation in IT

During a meeting with the Ministry of Communications and Information Technology of Egypt, the parties explored government support initiatives within the IT sector, prospects for intergovernmental collaboration, and the involvement of ministry representatives in events hosted by IT Park Uzbekistan.

The Ministry of Communications and Information Technology (MCIT) in Egypt is the government entity responsible for the advancement of digital technologies, telecommunications, and innovation. The ministry implements national digital transformation initiatives, develops innovation clusters, supports startups, and collaborates with international partners to enhance the IT industry.

The MCIT is instrumental in influencing national technology policy and fostering the development of the digital economy.

The recent working visit to Egypt marked a significant advancement in bolstering bilateral collaboration within the IT sector. The results of the discussions lay the groundwork for Egyptian firms to penetrate the Uzbek market, increase investment streams, draw in startups, and forge new avenues for global partnerships. For IT Park Uzbekistan, this visit broadens the prospects for boosting the nation’s export capabilities, attracting expertise, and constructing an international technology ecosystem. Egypt.