Tashkent, Uzbekistan (UzDaily.com) — IT Park Uzbekistan and IT Park Ventures, in collaboration with Alchemist Accelerator, Silkroad Innovation Hub, Astana Hub, Astana Hub Ventures, the Ministry of Digital Technologies of the Republic of Uzbekistan, and the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, have officially opened applications for the 2025 AlchemistX and Silicon Valley Residency (SVR) acceleration program.

The program is part of the Central Asian Innovation Hubs alliance, jointly established by IT Park Uzbekistan and Astana Hub to support Central Eurasian startups in entering global markets through international partnerships, acceleration, and mentorship.

On June 5, as part of the program "Artificial Intelligence and the Creative Economy: Best Practices from Silicon Valley and Los Angeles," Silkroad Innovation Hub and YPO Kazakhstan hosted a business community gathering at the Alchemist Accelerator in San Francisco.

More than 60 entrepreneurs and investors from Kazakhstan, Uzbekistan, and Tajikistan came together to explore opportunities for entering the U.S. market.

A key highlight of the event was the joint announcement and presentation of the AlchemistX & Silicon Valley Residency 2025 acceleration program by Abdukahad Kuchkarov (CEO of IT Park Uzbekistan), Magzhan Madiyev (CEO of Astana Hub), Aset Abdualiyev (Founder and CEO of Silkroad Innovation Hub), Kristy Candida (Chief Director of Alchemist Accelerator), and Ian Bergman (Partner at Alchemist Accelerator and Managing Director of AlchemistX). Applications are now officially open for startups from Central Eurasia.

The program is designed to support B2B startups from Central Eurasia seeking to expand into the U.S. market. Participation offers founders an in-depth immersion into the Silicon Valley ecosystem, opportunities to connect with investors and strategic partners, attract customers, refine their products, and accelerate business growth.

About the Program

AlchemistX Accelerator is one of the world’s leading accelerators for B2B startups. Participants gain access to a robust network of mentors, investors, and industry experts. The program focuses on go-to-market strategies, scaling, sales strategy, and achieving product-market fit.

Silicon Valley Residency (SVR) is a market entry and investor engagement program tailored for Central Eurasian startups. It provides deep immersion into the Silicon Valley ecosystem, access to events, mentorship, and opportunities to pitch directly to venture capitalists.

In 2024, over 100 startups took part in the program — 81 through online training and 22 on-site in Silicon Valley. During the course of the program, founders raised $1.4 million in investment and generated approximately $380,000 in sales. Among the participating startups from Uzbekistan and Kazakhstan were Parqour, CyberNet, Point.AI, AVTO-TIME, Most Finance, SmartGas, Oli, Enviro, CarePay, and others — all of whom noted the immense value of mentorship, investor access, and rapid scaling opportunities.