ANGEL CONNECT
Investment Proposal
Uzbekistan's First Private Pre-Seed Incubator
Deal: $500,000 for 20%
$500,000 for 20%
$2.5M Valuation • Pilot Program
24-30 Startups • Deal
Uzbekistan's First Private Pre-Seed Incubator
Deal: $500,000 for 20%
$2.5M Valuation • Pilot Program
24-30 Startups • Deal
Rapidly growing yet emerging ecosystem with significant potential
Uzbekistan entered top-100 global startup ecosystem index for the first time (98th place)
Second-best ecosystem growth rate globally in 2024
Uzum reached $1.1B valuation, raised $114M in 2024
Lack of private incubators specializing in earliest stages
IT Park, 0% tax benefits, Digital Startups program with co-investment up to $100K
52% investments from local funds, growing expertise, young population
Starting with first deal before scaling
8-10 startups
3 months
$8-12K investment
15-20% equity
8-10 startups
Improved methodology
$8-12K investment
15-20% equity
8-10 startups
Optimized processes
$8-12K investment
15-20% equity
Individual work with industry experts
Product-market fit, unit economics, fundraising
Pitch deck preparation, financial model, due diligence
Application acceptance rate
Industry experience, full-time commitment to project
Product with first users and traction
TAM $10M+, international expansion opportunity
Conservative projections based on emerging market data
Valuation: $2.5M • Focus on first deal
12% IRR • 15% successful exits
Average multiple: 2-3x
18% IRR • 20% successful exits
Average multiple: 3-5x
25% IRR • 25% successful exits
One big success: 20x+
24-30 startups in portfolio • 5-8 raised follow-on rounds • $800K-1.5M follow-on investments
Every dollar directed toward value creation and model validation
• Managing Partner: $3,333/month
• Program Manager: $2,333/month
• Coordinator/Analyst: $1,000/month
• Rent: $1,200/month
• IT & Communications: $400/month
• Legal Services: $300/month
• Demo Days: $5,000 × 3
• Workshops & Networking: $10,000
• Digital marketing
• University partnerships
• Conference participation
• Expert recruitment
• Mentor compensation
• Training programs
• CRM & analytics
• Due diligence processes
• Investor relations
$10 operational spend generates $1 in portfolio value
Experienced entrepreneurs with deep local market understanding
Angel Connect founder. Serial entrepreneur with experience in creating and developing startups in the region.
ProBusiness business club founder and Angel Connect co-founder. Expert in ecosystem development.
Serial entrepreneur, AI LAB and EndCode founder. Expert in AI solutions.
500+ participants, 50+ formed teams, AI-focused projects
Active ecosystem with regular events and networking
Experts from AI, fintech, e-commerce, and venture investments
Attract 1-2 partners with direct VC experience to increase credibility
IT Park Uzbekistan, leading universities, corporations
Contacts with regional VCs and accelerators
Phased approach with clear development milestones
• Investment finalization
• 1st cohort launch (8-10 startups)
• Operational process creation
• 2nd cohort with improvements
• First results and follow-on rounds
• Mentor network expansion
• 3rd cohort
• Series A fund preparation
• International partnerships
Dependence on political stability and currency fluctuations
Increased IT Park activity or international player entry
Local market limitations, need for international expansion focus
• Portfolio diversification
• Focus on international scalable projects
• Government partnership
Joint creation of Central Asia's first successful private incubator
Detailed financial model, documents, pilot cases
$500K for 20% for proof of concept
Series A fund round after successful pilot
Vitaly: https://t.me/tarasiuk1
Artem P: https://t.me/arpanferov
Sirojiddin: https://t.me/asn009
angelconnect.uz
Presentation, financial model, documents
https://t.me/networkangelconnect
News and updates
We're ready to start accepting applications 3 weeks after agreement signing. First Demo Day planned for Q1 2026.
Angel Connect - building the future of Central Asia's startup ecosystem together