"Access to financial resources for startups in Azerbaijan has been expanded," Deputy Minister of Digital Development and Transport of the Republic of Azerbaijan Samir Mammadov said during the opening ceremony of the Azerbaijan Innovation Center, APA-Economics reports.
He noted that the establishment of the Caucasus Ventures venture capital fund has played an exceptional role in this field: "So far, the fund has invested $1.5 million in 19 startups. Additionally, over the past year, Azerbaijani startups have attracted $2.2 million in investment."