Financing and credibility dynamics in Uzbekistan’s early-stag e startup ecosystem

Azimova , Kamola, Азимова , Камола, Azimova , Kamola

Иқтисодий тараққиёт ва таҳлил · 2026-yil

Annotatsiya

This article examines the financing and credibility dynamics of the early-stage startup ecosystem in Uzbekistan and their implications for entrepreneurship policy. Using an interpretivist, qualitative approach, it analyses twelve semi-structured interviews with seven founders and five investors through thematic analysis. Four dynamics emerge: the dominance of government-backed capital and its distinctive incentives; the weak accountability of grant funding; the signalling of credibility through physical presence and social-media visibility rather than product or financial metrics; and the cost of oversized early equity demands. The article recommends milestone-based financing, investor-readiness support and equity discipline at the angel stage.

Maqola ma’lumotlari
MualliflarAzimova , Kamola, Азимова , Камола, Azimova , Kamola
JurnalИқтисодий тараққиёт ва таҳлил
NashriyotЎзбекистон иқтисодиётини ривожлантиришнинг илмий-тадқиқот маркази
ISSN2992-877X
Nashr sanasi2026-07-31
Jild4
Son7
Betlar34-40
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.60078/2992-877x-2026-vol4-iss7-pp34-40
Indeksga qo‘shilgan2026-08-27

DOI: 10.60078/2992-877x-2026-vol4-iss7-pp34-40 · Maqolaning asl sahifasi

Kalit so‘zlar

startup ecosystem, venture financing, grants, credibility, legitimacy, Uzbekistan, стартап-экосистема, венчурное финансирование, гранты, доверие, легитимность, Узбекистан, startap ekotizimi, venchur moliyalashtirish, grantlar, ishonch, legitimlik, Oʻzbekiston

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAAzimova , Kamola, Азимова , Камола, & Azimova , Kamola (2026). FINANCING AND CREDIBILITY DYNAMICS IN UZBEKISTAN’S EARLY-STAG E STARTUP ECOSYSTEM. Иқтисодий тараққиёт ва таҳлил, 4(7), 34-40. https://doi.org/10.60078/2992-877x-2026-vol4-iss7-pp34-40
GOST (OAK)Azimova , Kamola, Азимова , Камола, Azimova , Kamola FINANCING AND CREDIBILITY DYNAMICS IN UZBEKISTAN’S EARLY-STAG E STARTUP ECOSYSTEM // Иқтисодий тараққиёт ва таҳлил. – 2026. – T. 4, № 7. – P. 34-40. – DOI: 10.60078/2992-877x-2026-vol4-iss7-pp34-40.
MLAAzimova , Kamola, Азимова , Камола, and Azimova , Kamola. “FINANCING AND CREDIBILITY DYNAMICS IN UZBEKISTAN’S EARLY-STAG E STARTUP ECOSYSTEM.” Иқтисодий тараққиёт ва таҳлил, 4(7), 34-40, 2026. https://doi.org/10.60078/2992-877x-2026-vol4-iss7-pp34-40
ChicagoAzimova , Kamola, Азимова , Камола, and Azimova , Kamola. “FINANCING AND CREDIBILITY DYNAMICS IN UZBEKISTAN’S EARLY-STAG E STARTUP ECOSYSTEM.” Иқтисодий тараққиёт ва таҳлил, 4(7), 34-40 (2026). https://doi.org/10.60078/2992-877x-2026-vol4-iss7-pp34-40
HarvardAzimova , Kamola, Азимова , Камола, and Azimova , Kamola (2026) ‘FINANCING AND CREDIBILITY DYNAMICS IN UZBEKISTAN’S EARLY-STAG E STARTUP ECOSYSTEM’, Иқтисодий тараққиёт ва таҳлил, 4(7), 34-40. https://doi.org/10.60078/2992-877x-2026-vol4-iss7-pp34-40
BibTeX
@article{azimovakamola2026,
  title = {FINANCING AND CREDIBILITY DYNAMICS IN UZBEKISTAN’S EARLY-STAG E STARTUP ECOSYSTEM},
  author = {Azimova , Kamola and Азимова , Камола and Azimova , Kamola},
  journal = {Иқтисодий тараққиёт ва таҳлил},
  year = {2026},
  volume = {4},
  number = {7},
  pages = {34-40},
  doi = {10.60078/2992-877x-2026-vol4-iss7-pp34-40},
  url = {https://doi.org/10.60078/2992-877x-2026-vol4-iss7-pp34-40}
}

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