In the Republic of Korea, Deputy Minister of Digital Technologies of the Republic of Uzbekistan Jamol Makhsudov and Executive Director of IT Park Uzbekistan Jahongir Rajabov held a meeting with Bernard Moon, Co-Founder of SparkLabs Inc.

The parties discussed the preparation of an acceleration program for Uzbek startups aimed at entering the market of the Republic of Korea. The program is scheduled to launch in the fourth quarter of this year.

Particular attention was paid to the startup selection process, the acceleration format, and opportunities for further interaction between program participants and the Korean venture ecosystem.

As part of the program, Uzbek startups will receive support in entering the Korean market and gain broader access to potential investors and venture capital organizations, including TIPS, Mirae Asset, and other participants in the investment ecosystem of the Republic of Korea.

Following the meeting, IT Park Uzbekistan and SparkLabs Inc. signed an agreement on the implementation of an acceleration program for Uzbek startups in the Republic of Korea. The document provides for cooperation in selecting and preparing promising technology projects, as well as facilitating their entry into the Korean market.

The parties also discussed further cooperation at international technology events. In particular, Bernard Moon plans to participate in ICT Week Uzbekistan 2026.

The implementation of the joint program with SparkLabs will allow Uzbek startups to gain access to international expertise, mentoring support, and contacts with participants in the venture ecosystem of the Republic of Korea, as well as expand opportunities for attracting investment and entering foreign markets.

SparkLabs Inc. is a South Korean startup accelerator and venture capital firm founded in Seoul in 2012. The company specializes in supporting seed- and early-stage startups, providing investment, acceleration, mentorship, and assistance in entering international markets.

To date, SparkLabs has supported and invested in more than 320 startups. The company also implements international inbound and outbound programs aimed at attracting foreign technology projects to the Republic of Korea and supporting Korean startups in entering foreign markets.