Expansion of financial opportunities for the introduction of innovative technologies in entrepreneurial activity

Expansion of financial opportunities for the introduction of innovative technologies in entrepreneurial activity

Authors

  • Daniyarov Kuatbay

DOI:

https://doi.org/10.5281/zenodo.17622461

Keywords:

innovation, entrepreneurship, investment, financial support, venture capital, crowdfunding, Uzbekistan

Abstract

This article examines the current trends and mechanisms for expanding financial opportunities for entrepreneurs
in Uzbekistan to implement innovative technologies. The study analyzes the main sources of innovation financing,
government support programs, and the development of venture capital instruments and digital crowdfunding platforms.
Comparative and system analysis methods, statistical data, and expert evaluations were applied to identify key patterns
and factors influencing the innovation ecosystem. The research results demonstrate that the formation of an innovation-
oriented financial infrastructure in Uzbekistan is actively progressing. However, several constraints remain, including
a low level of financial literacy, an underdeveloped investment culture, and limited access of small and medium-sized
enterprises (SMEs) to long-term financial resources. Strengthening institutional support, diversifying financing tools, and
improving entrepreneurs’ financial competencies are essential for accelerating the adoption of innovative technologies in
the national economy.

Author Biography

Daniyarov Kuatbay

Faculty of Economics, KarSU
PhD, Associate professor, Head of the department of Financial Technologies

References

Agency for Innovation Development of the Republic of Uzbekistan. Startup and Research Support Program. 2023.

World Bank. Innovation and Technology for Sustainable Growth in Central Asia. 2024.

OECD. Entrepreneurship Policy Review: Uzbekistan. 2023.

Law of the Republic of Uzbekistan “On Supporting Innovation Activities.” 2019.

Decree of the President of the Republic of Uzbekistan No. PP–4937 “On Measures to Develop Venture Financing.”

UzVC Venture Capital Center. Annual Report on Venture Activity. 2024.

Abdurakhmonov, Sh.R. Financial Instruments of Innovative Entrepreneurship in Uzbekistan. Tashkent: Iqtisod, 2022.

Ibragimov, F.Kh. Improving the Venture Investment System in Central Asian Countries. Tashkent, 2023.

Asian Development Bank. Fostering Innovative Entrepreneurship in Emerging Economies. 2023.

Downloads

Published

2025-09-01

How to Cite

Daniyarov , K. (2025). Expansion of financial opportunities for the introduction of innovative technologies in entrepreneurial activity. Innovation Science and Technology, 1(9). https://doi.org/10.5281/zenodo.17622461
Loading...