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The “Forum of Young Entrepreneurs – IDEA” has started in Tashkent within the framework of the Cooperation Council of Turkic-Speaking States

On September 20, Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan S. Umurzakov took part in the opening ceremony of the “Forum of Young Entrepreneurs – IDEA” within the framework of the Cooperation Council of Turkic-Speaking States (CCTS).

The forum was organized by the Agency for Youth Affairs of the Republic of Uzbekistan jointly with the CCTS Secretariat, the Youth – Our Future Foundation in close cooperation with the Ministry of Investment and Foreign Trade and other relevant ministries and departments of the country.

The forum was attended by over 200 young entrepreneurs from Azerbaijan, Turkey, Hungary, Kazakhstan, Kyrgyzstan and Uzbekistan, international experts, ministers of the Council member countries responsible for youth issues, as well as the leadership of the CCTS Secretariat.

The initiative to hold this event as a mechanism for practical cooperation of the member countries of the Council on Youth Support was put forward by the President of the Republic of Uzbekistan during the 7th CCTS summit, held in Baku in October 2019.

During the speeches of the participants, the priority given in the CCTS member countries to the development of youth entrepreneurship, increasing employment and creating conditions for achieving economic independence for young people.

It was announced that the share of youth is 29 percent of the population of all CCTS countries and 60 percent of the population of Uzbekistan, in connection with which it was noted that effective support of young people in the implementation of their own projects and the creation of favorable conditions for the development of youth entrepreneurship will have a positive impact on the growth of the economies of the countries. CCTS.

Information is provided on the measures of state support for youth, implemented in Uzbekistan. In particular, they talked about the “Youth is Our Future” program, the practice of free allocation of land plots to young farmers, the program for the creation of youth industrial and entrepreneurial zones, the activities of the “Project Factory”, the Fund for Support of Young Entrepreneurs under the Ministry of Investment and Foreign Trade, as well as about other mechanisms for financing and subsidizing youth.

Also during the event, a number of new initiatives were put forward, in particular, it was proposed to organize on the CCTS platform a “Factory of Innovative Projects”, as well as to accelerate the creation of the CCTS Investment Fund, through which the most promising projects will be financed. It was also proposed to organize a separate session dedicated to start-up projects of youth from the CCTS member countries within the framework of the upcoming Annual Week of Innovative Ideas “InnoWeek.uz”, which will be held in Tashkent in November this year, and to create an online channel in social networks to establish dialogue between young entrepreneurs and successful businessmen from CCTS member countries in the “TED Talks” format and presentations.

At the end of the ceremony, the participants expressed their confidence that the forum would become an effective platform for establishing direct contacts and exchange of experience between young entrepreneurs of the CCTS member and observer countries.

The Forum will continue its work on September 21 and 22. His work is organized in various industries: agro-industrial sector, light industry, IT start-ups, tourism, marketing and other areas.                      

The program of events also includes trips to industrial enterprises in Tashkent and the Tashkent region, where forum participants can get acquainted with the potential of various industries, exchange experience in the implementation of projects and get acquainted with the opportunities created in the country for the development of youth entrepreneurship.

Also within the framework of the event, an industry exhibition of young entrepreneurs and manufacturers from the member countries of the Turkic Council is held and meetings are organized in the B2B format.