Azerbaijan's Ecosystem for Technology Startups, Ganja, and Shamakhi

This report assesses the current ecosystem for tech-based startups in Azerbaijan, specifically in Baku, Ganja, and Shamakhi. It examines the extent to which the ecosystem fosters startups and identifies opportunities for strengthening this support. Technology-based startup enterprises are an increas...

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Bibliographic Details
Published in:Policy File 2022
Main Authors: Hampel-Milagrosa, Aimee, Mannapbekov, Nariman, Babayev, Orkhan, Jafarova, Sabina
Format: Report
Language:English
Subjects:
Asian Development Bank Institute
Business
Online Access:Request full text
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Summary:This report assesses the current ecosystem for tech-based startups in Azerbaijan, specifically in Baku, Ganja, and Shamakhi. It examines the extent to which the ecosystem fosters startups and identifies opportunities for strengthening this support. Technology-based startup enterprises are an increasingly important part of the business landscape in Asia and the Pacific. By applying innovative technologies to create new products and services, they can make a significant contribution to economic development while generating social and environmental benefits. However, to survive and then thrive, tech startups require an enabling ecosystem that includes supportive government policy, adequate access to capital, skilled personnel, and quality digital infrastructure.