Tashkent, Uzbekistan (UzDaily.com) -- Aloqabank JSC established the Aloqaventures venture fund. The authorized capital is 25 billion soums.

The bank notes that the decision to establish the fund was made on 8 September 2021. The company was established on 30 September.

Aloqabank JSC is 100% owner of Aloqaventures LLC.

It should be noted that at a meeting on training in the field of IT and systematic work with gifted youth, held on 10 September 2021 under the chairmanship of the President of Uzbekistan, it was announced that Alokabank intends to create a venture capital fund with an authorized capital of 80 billion soums and a Development Center IT knowledge.