The President of Uzbekistan has signed a new decree aimed at accelerating the implementation of scientific developments into the real economy. The document provides for the establishment of "spin-off" companies at universities and research institutions, tax incentives, and additional support measures for scientists and entrepreneurs.
According to the decree, starting May 1, 2026, a set of conditions and preferences will be established for spin-off companies. At least 25% of the authorized capital must be formed from the founders' extra-budgetary funds. Management of the state share is transferred to the founders under a power of attorney, with its privatization prohibited during a five-year investment period, except in specific cases coordinated with the State Assets Management Agency.
The registration process for such enterprises has been simplified: no longer requiring a separate agency decision or approval from the Committee for Competition Development and Consumer Rights Protection. Funding for these companies through a specialized fund will be equated to venture investments.
Tax incentives are introduced to stimulate activity: companies included in a special registry and producing goods based on patented developments can utilize existing benefits and, until May 1, 2029, pay profit tax at a rate reduced by 50% (excluding social tax).
A separate section of the decree focuses on supporting science. Starting in May, part of the costs for experimental work under state scientific programs will be compensated from the Science Financing and Innovation Support Fund. Funding for commercialization projects will be allocated on a competitive basis through the Innovation Development Agency.
Measures for education development are also outlined: support is planned for opening language learning centers in remote regions. For this, interest-free loans of up to 320 times the base calculation value (over 131 million soums) for up to three years will be provided to youth and citizens over 30 with a confirmed foreign language proficiency level of at least C1.
Source: podrobno.uz