The Role and Development Trends of Venture Funds in the Innovative Development of the Economy: Uzbekistan and International Experience

In order to drive economic innovation, this study examines the crucial function and evolutionary trajectory of venture capital, concentrating on Uzbekistan and making comparisons with international patterns. While industrialized countries successfully use venture capital to support high-tech companies and entrepreneurship, Uzbekistan faces obstacles like restrictive private investment and lax legal frameworks. By means of statistical and comparative studies, the report pinpoints a noteworthy surge in venture capital investments in Uzbekistan in recent times, with noteworthy contributions to technological startups and innovative firms. Further advancement is hampered, therefore, by inadequate finance systems and unpredictable investment. The results demonstrate the transformative potential of removing these obstacles through incentives for private participation and legislative changes. In order to maintain innovation-driven growth and improve economic competitiveness, it is imperative that venture capital strategies be optimized, as this study highlights.