ANALYSIS OF INDICATORS OF VENTURE FUND FORMATION AND THEIR IMPACT ON NATIONAL ECONOMIC DEVELOPMENT IN UZBEKISTAN

Authors

  • Gulnoza Tolliyevna Karajanova Senior Lecturer, Department of Investments and Innovations, Samarkand Institute of Economics and Service

DOI:

https://doi.org/10.5281/zenodo.20058064

Keywords:

venture capital, venture funds, Uzbekistan economy, national economic development, startup ecosystem, innovation financing, investment indicators, economic growth, financial infrastructure, entrepreneurship

Abstract

This article analyzes the key indicators related to the formation of venture capital funds in Uzbekistan and their impact on national economic development. The study highlights the growing importance of venture financing as a driver of innovation, entrepreneurship, and technological advancement in emerging economies. It examines trends in startup activity, investment volumes, and the development of institutional frameworks supporting venture capital in Uzbekistan. The research also evaluates the relationship between venture fund formation and macroeconomic indicators such as GDP growth, employment, and innovation output. Special attention is given to the role of government policies, regulatory reforms, and financial infrastructure in fostering a favorable environment for venture investment. The findings suggest that the expansion of venture capital funds contributes significantly to the diversification of the economy, the development of high-tech industries, and the strengthening of the country's competitive position in the global market. The article concludes that improving investment mechanisms and enhancing institutional support are essential for maximizing the positive impact of venture capital on sustainable economic growth in Uzbekistan.

References

1.World Bank. Global Economic Prospects 2024. Washington, DC, 2024.

2.Organisation for Economic Co-operation and Development. Financing SMEs and Entrepreneurs 2024: Venture Capital Trends. Paris, 2024.

3.International Monetary Fund. World Economic Outlook 2024: Economic Resilience and Innovation. Washington, DC, 2024.

4.Asian Development Bank. Asian Economic Integration Report 2024. Manila, 2024.

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8.PitchBook. Global Venture Capital Outlook 2025. Seattle, 2025.

9.CB Insights. State of Venture Report 2024. New York, 2024.

10.Crunchbase. Global Venture Funding Trends 2024. San Francisco, 2024.

11.Central Bank of the Republic of Uzbekistan. Financial Stability Review. Tashkent, 2024.

12.Ministry of Economy and Finance of the Republic of Uzbekistan. Economic Development Trends of Uzbekistan 2024–2026. Tashkent, 2024.

13.Innovation Development Agency of Uzbekistan. Annual Report on Innovation and Startup Development. Tashkent, 2024.

14.Tashkent State University of Economics. Venture Capital and Innovative Economic Development. Tashkent, 2023.

15.Samarkand Institute of Economics and Service. Modern Mechanisms of Financing Innovative Projects. Samarkand, 2024.

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Published

2026-05-06

How to Cite

ANALYSIS OF INDICATORS OF VENTURE FUND FORMATION AND THEIR IMPACT ON NATIONAL ECONOMIC DEVELOPMENT IN UZBEKISTAN. (2026). International Journal of Political Sciences and Economics, 5(5), 112-117. https://doi.org/10.5281/zenodo.20058064

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