HTP operates on the principle of extraterritoriality: the companies registered in it can enjoy all the advantages provided, regardless of the location of their Belarusian office.
Through the years, HTP has been actively engaged in supporting innovative entrepreneurship as well as IT education for children and adults, launching and leading numerous courses and initiatives.
The initiative of creating a Belarusian analogue of the Silicon Valley was put forward by Valery Tsepkalo and Mikhail Myasnikovich.
[3][4] The HTP was designed as one of the important drivers to bring the Belarusian economy into the international arena, which would help attract foreign investments and projects to the country.
As stated by researchers Alachnovič and Korosteleva, it "effectively marked the establishment of the Information and Communication Technology (ICT) industry in Belarus".
By 2014, Park's residents had such clients as Barclays, Bank of America, Citibank, Western Union, the London Stock Exchange, Google, IBM, Expedia, BP, Chevron, Microsoft and Airbus, and many more.
The Park became a sandbox for blockchain startups offering tax exemptions and relying on elements of English law in commercial matters.
[17][12] Six HTP residents were included into the 2017 Global Outsourcing 100 list: EPAM Systems, IBA Group, Ciklum, Intransition, Intetics, Bell Integrator.
[22][7] Very soon, several cryptocurrency trading platform and dozens of blockchain-based startups were registered in HTP, effectively turning the country into a major crypto hub.
A great example of how Belarus can seize its extraordinary growth potential by embracing forward-looking economic policies and smart regulation.
[39] The scandalous 2020 presidential election and the following crackdown compromised the progress in the country's economic transformation and undermined the performance of HTP.
[53] Such major HTP residents as Wargaming,[54] PandaDoc, and EPAM relocated entire businesses and closed Belarusian offices.
According to it, the Park's Administration was restructured, a new Secretariat body was created to take charge of interaction with foreign partners and expanding to new markets.
[58] Together with the old legal entity, Yanchevsky's position also ceased to exist, he was dismissed and replaced by Alexander Bazanov, a former KGB officer.
However, the Decree No.102 also made the Secretariat responsible for interacting with state military officials, among the rest, in questions of "recruitment for service in special IT units".
[66] In August 2023, a former KGB officer Alexander Bazanov became the new director of HTP, he was appointed Head of the Secretariat of the Park's Supervisory Board.
[59][67] Despite the extraterritorial principle of registration of resident companies, HTP has a headquarters in Minsk with a total of 50 hectares of land for the further construction.
According to the general development plan, HTP should become a high-tech city with comfortable conditions for the inhabitants to live, work and rest in.
Visiting the district in 2022, blogger Denis Blishch discovered that it contrasted radically with HTP's concept that is based on innovations and progress.
The district has inherited all the typical mistakes of Soviet mass housing, public spaces and urban design are non-existent.