# IT-Park

IT-Park is a Private Equity based in Tashkent, Uzbekistan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Tashkent, Uzbekistan
- **Region:** Asia
- **Address:** Tashkent, Uzbekistan
- **Founded:** 2024
- **Assets under management:** Undisclosed
- **Website:** it-park.uz
- **LinkedIn:** https://www.linkedin.com/company/itparkuz

## Regulatory record

- **Reports private funds:** No

## About

IT Park is the locomotive of the IT sphere of Uzbekistan. It supports startups aimed at the global market through programs including incubation and acceleration, and offers residency status with tax exemptions and other benefits to legal entities registered in Uzbekistan. It also develops IT infrastructure, education, events, and related activities.

## Sectors

- Enterprise Software
- FinTech
- AI/ML

## People

- Azamat Karamatov — CEO of IT Park Uzbekistan

## Questions

### Who runs investment decisions at IT-Park?

Operational leadership changes periodically under the Ministry of Information Technologies and Communications, which retains final authority over strategy. Day-to-day management and venture selection fall to a CEO appointed by presidential decree, supported by sector desks for fintech, enterprise software, and services. The current leadership roster is not publicly consolidated in a single source, reflecting state-entity opacity rather than deliberate secrecy.

### Is IT-Park structured as a state fund or does it operate like a venture firm?

IT-Park functions as a hybrid: it is a state-owned entity that makes venture investments, manages a tax-free economic zone, and distributes government innovation grants under one roof. Its legal form derives from a 2017 presidential resolution establishing technology parks as independent state enterprises with own-balance-sheet authority. This allows it to sign term sheets and hold equity, but mandates social-welfare reporting to the ministry alongside financial return metrics.

### Does IT-Park participate in fund commitments or only direct deals?

IT-Park primarily executes direct investments on its own balance sheet rather than committing as an LP to external funds. It has, however, partnered on co-investment facilities with World Bank digital-inclusion programs and the International Finance Corporation, functioning as local pipeline and compliance partner rather than passive fund investor.

### Which sectors does IT-Park explicitly avoid?

IT-Park does not invest in weapons, gambling, or alcohol — standard exclusions for a state entity in a Muslim-majority country. Its technology mandate also implicitly excludes brick-and-mortar retail, heavy manufacturing, and extractive industries, steering capital toward digital services, enterprise software, and business-process outsourcing for export markets.

### How does IT-Park source deal flow?

Sourcing is structurally unique: any foreign or domestic tech company seeking Uzbekistan's zero-corporate-tax status and simplified visas must incorporate and operate within the IT-Park zone, making the firm the default intake point for virtually all institutional startup activity in the country. Additional deal flow comes from university partnerships, state-enterprise digitalization mandates channeled through the ministry, and diaspora founders returning from Moscow and Dubai tech hubs.

## Related profiles

- [ITOCHU Technology Ventures](https://altss.com/profile/itochu-technology-ventures)
- [Itqan Capital](https://altss.com/profile/itqan-capital)

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Last updated: 2026-08-11T15:07:05.535Z

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