IT Park Uzbekistan, IT Park Ventures and Roselake Ventures Join Forces to Strengthen Venture Capital Cooperation

During an official visit to Hong Kong, Azamat Karamatov, CEO of IT Park Uzbekistan, held a meeting with Ms. Lingxiu Zhang, General Partner at Roselake Ventures, which concluded with the signing of a trilateral Memorandum of Understanding (MoU) between IT Park Uzbekistan, IT Park Ventures, and Roselake Ventures. The agreement is aimed at strengthening cross-border venture capital cooperation between Uzbekistan, China, and Central Asia. 

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 agreement builds on discussions initiated during TakeOFF Istanbul. As part of the partnership, Roselake Ventures will support the international expansion of Uzbek startups, while IT Park Uzbekistan will provide Roselake's portfolio companies with comprehensive soft-landing services for entering the Uzbek market, including business localization, partner matchmaking, and business development support. 

Founded in 2021 and headquartered in Hong Kong, Roselake Ventures is an early-stage venture capital fund investing in technology startups across emerging markets. The fund focuses on sectors including fintech, SaaS, e-commerce, logistics, healthtech, climate technology, and other innovative industries, while actively fostering international collaboration between startup ecosystems. 

The signing of the Memorandum reflects the shared commitment of IT Park Uzbekistan, IT Park Ventures, and Roselake Ventures to strengthening cooperation between the innovation ecosystems of Uzbekistan and China, expanding opportunities for startups and investors, and promoting the growth of international technology entrepreneurship.