From February 13 to 15, 2023, Andrey Prokhorovich, Founder and Managing Partner of Eurasia Development Group (ED Group), visited the Republic of Uzbekistan.
During the visit, a meeting was held with the management of the Agency for Innovative Development under the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan. The parties discussed and identified promising areas of mutual interest, including renewable energy, technological cooperation with Uzbek industrial companies, technology scouting, and strategic partnerships with Chinese companies.
A meeting was also successfully held with the Ministry of Digital Development of the Republic of Uzbekistan, where detailed information was presented on the activities of ED Group and the China-SCO Technology Transfer Center. Following the meeting, the parties agreed to begin exploring opportunities for cooperation in artificial intelligence, big data and applied sciences.
In Tashkent, a meeting was also held with Mirgul Usmanov, CEO of VMV Trade Group, one of Uzbekistan’s largest investment and consulting companies. The parties discussed opportunities for technological cooperation and for attracting investment and innovation from Russia and China.
In addition, Andrey Prokhorovich, Managing Partner of ED Group, and Denis Kim, Director of the international trade and investment company Consult Invest ITIC, signed a Memorandum of Understanding and Cooperation aimed at establishing mutually beneficial cooperation in technology transfer between China, Russia and Uzbekistan.
Background
The international trade and investment company Consult Invest ITIC aims to improve the international business environment and strengthen confidence in the capital markets, economies and cooperation of Uzbekistan, Russia, India and China.
The company provides integrated services and advisory support covering the establishment of commercial entities and bank accounts in Uzbekistan, searches for manufacturers and suppliers in Uzbekistan, Russia, India and China, market research, product certification and other services.
In 2022, Consult Invest launched the first International Business Accelerator in the Republic of Uzbekistan.