BAKU, Azerbaijan, July 15. IT Park Uzbekistan,
IT Park Ventures, and Hong Kong-based Roselake Ventures have signed
a trilateral Memorandum of Understanding (MoU) to scale up
cross-border venture capital cooperation and startup ecosystem
integration.
This is reflected in the official release of IT Park
Uzbekistan.
The agreement was concluded during an official visit to Hong
Kong by the CEO of IT Park Uzbekistan, Azamat Karamatov, and
General Partner at Roselake Ventures, Lingxiu Zhang. The strategic
partnership establishes a formal framework for startup deal flow
exchange, expands direct co-investment opportunities, and creates
pathways for tech companies to expand internationally across
Uzbekistan, China, and the wider Central Asian region.
"The Memorandum establishes a framework for startup deal flow
exchange, expands opportunities for investment and co-investment,
and supports the international expansion of portfolio companies
into each other's markets. In addition, the parties will leverage
their international networks to connect startups with investors,
strategic partners, and key players across both innovation
ecosystems," the release says.
Building on preliminary discussions initiated during the TakeOFF
Istanbul summit, the partnership outlines specific market entry
support mechanisms. Roselake Ventures will leverage its investment
network to facilitate the international expansion of Uzbek startups
into East Asian markets. In return, IT Park Uzbekistan will provide
Roselake's portfolio companies with comprehensive soft-landing
services to enter the Uzbek market, including business
localization, strategic partner matchmaking, and operational
business development support.
Roselake Ventures, founded in 2021 and headquartered in Hong
Kong, is an early-stage venture capital fund targeting high-growth
technology startups across emerging markets, with a core investment
focus on fintech, SaaS, e-commerce, logistics, healthtech, and
climate technology. The signing of this memorandum is expected to
drive institutional cooperation between the innovation ecosystems
of Uzbekistan and China, expanding access to capital for regional
tech entrepreneurs.
