IT Park Uzbekistan to support the international expansion of LB24

Representatives from IT Park Uzbekistan convened with LB24, a recent addition to IT Park. During this meeting, the two parties discussed LB24's strategy for expanding operations, entering export markets, and utilizing the support mechanisms offered by IT Park Uzbekistan, including the Local2Global, Zero Risk, and IT Park Ventures programs.

LB24 is an IT company based in Uzbekistan that is developing the digital legal platform lb24.uz. This platform employs artificial intelligence to streamline interactions between clients and legal professionals.

In the course of the discussions, the LB24 team showcased their current operational model and goals for enhancing export service volumes. Special emphasis was placed on the opportunities available through the Local2Global program, which aims to assist IT companies in accessing foreign markets, as well as the Zero Risk program, designed to reduce the risks associated with initiating international operations. The company plans to expand into the CIS, the European Union, Latin and North America, and Australia, including participation in international exhibitions and industry events with the backing of IT Park Uzbekistan.

Additionally, the company expressed a desire to attract foreign IT specialists through the IT-Visa program offered by IT Park Uzbekistan. The parties also considered potential collaboration with IT Park Ventures to secure funding and expedite product scaling.

The collaboration with LB24 promotes the development of the digital legal services sector within the IT Park Uzbekistan ecosystem. It further bolsters innovative products with significant export potential and enhances the country's reputation as a hub for developing and scaling technological startups in the global marketplace.