Tashkent, Uzbekistan (UzDaily.com) — The American accelerator Alchemist and the Uzbek platform IT Park Ventures have entered into a collaboration agreement to support startups, as announced by the IT Park press service.

The memorandum of cooperation with the Silicon Valley accelerator was signed during the visit of the IT Park Ventures delegation to the United States. The agreement outlines a joint evaluation of promising startups from Uzbekistan and other Central Asian countries.

Under the agreement, IT Park Ventures will become a strategic partner of the Alchemist program, enabling teams from Uzbekistan and Kazakhstan to scale their projects in the U.S. market. In turn, startups in the Alchemist portfolio will have access to IT Park's infrastructure and support when entering the Uzbek market.

The partners also agreed to regularly organize joint events and develop unified mechanisms for conducting deals and project vetting.

Alchemist Accelerator is a venture fund and accelerator based in San Francisco, founded in 2021. It specializes in developing B2B startups.