BAKU, Azerbaijan, February 2. Azerbaijani startups attracted over $2.62 million in investments across 22 ventures in 2025, Farid Osmanov, Chairman of the Innovation and Digital Development Agency (IDDA), said at a press conference reviewing the agency’s annual activities, Trend reports.
Osmanov noted that expanding startups’ access to financial resources is one of the agency’s five key priority areas.
“We face significant challenges, particularly in expanding financial accessibility for early-stage startups. More attention should be given to incentive mechanisms. During the reporting period, three venture funds were established with direct or indirect involvement from the agency. These funds, alongside international funds, provide financial support to startups,” Osmanov said.
He added that while the volume of available funding is still insufficient, ongoing efforts include collaboration with international venture funds and initiatives to cultivate more startup founders, develop new ideas, and increase the attractiveness of startups in Azerbaijan.
Osmanov also highlighted legislative challenges, noting the need to improve laws governing venture activities. “We expect relevant legislative improvements this year, which will accelerate growth and significantly increase the numbers,” he said.
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