WIUT students are the winners at “Startup Initiatives” Featured

Published in NEWS WIUT

19 December 2018, at the Youth Union of Uzbekistan, “Demo Day” event – the third cycle of the “Startup Initiatives” Support Programme was completed, where 18 teams presented their projects. The top five projects received grants for the development of their startups. Among the winners (#1 in the list of winners) is a project by WIUT students, called “Little Big Media”. Team members are Khumoyun Gulomov (CIFS student), Mirabbos Makhmudov (Level 4 Business Administration student), Sarvar Usmonov (Level 4 Business Administration student) and Akmal Mullajanov (Level 4 Economics student). As the price, they received 40 million UZS from the Programme to develop their projects. Also they received monetary certificate from C-Space Co-Working, 3 months GroundZero co-working center residence certificate and a smart phone.

“Little Big Media”is a service for providing an efficient platform in supermarkets for placing digital advertising. The platform is a gadget with a built-in screen (7-8 inches) and the possibility of recharging smartphones of supermarket customers. The gadget will be mounted on the handle of the shopping cart.

Out of 510 teams from all regions of Uzbekistan, 92 were selected to participate in the Programme and 18 successfully passed to the final - the third cycle, having the opportunity to present their startup projects to potential investors and interested organizations.

This year, projects in the field of education, trading platforms based on virtual reality, crowdfunding platforms for startups, automated trade and catering management systems and other projects in medicine, advertising and tourism were presented.

The start-up projects presented at “Demo Day” are the result of the long-term work of the “Startup Initiatives” Support Programme participants. During the Programme, leaders and team members under the guidance of individual mentors tested their hypotheses, created minimal working models, tested them in practice, studied the target audience, received reviews, tested the first “manual” sale, analyzed and improved their projects.

During the implementation of the Programme, teams took part in a five-day practical workshop aimed at explaining the Lean Startup methodology, learning the basics of developing a startup and turning it into a successful business.

“Startup Initiatives” Programme has been implemented since 2016 and is aimed at supporting youth in creating their own startups and developing entrepreneurship skills. The Programme is a product of the joint activities of UNDP, the Chamber of Commerce and this year is being implemented jointly with the Ministry of Innovation Development, the Youth Union of Uzbekistan in the framework of the objectives of the “Yoshlar – kelajagimiz” State Programme in collaboration with the British Embassy in Uzbekistan.