Azernews.Az

Azerbaijani start-up "Dr. Agro" was bought by the Dutch company. Azernews reports with reference to the Small and Medium Business Development Agency (KOBIA). Gunay Imanzadeh, the founder of Metatesk, an online education platform, was included in the "30 under 30" list published by "Forbes" magazine. "Unibroad" educational platform founded by Azerbaijani youth was exhibited among the world's best educational startups in London together with the products of companies such as "Microsoft", "Meta", and "Samsung". The "Recepta" startup, which is a platform for the digitalization of paper checks, represented our country at the "Annual Investment Meeting (AIM Congress)" held in Abu Dhabi on May 7-9, where startups from about 100 countries of the world presented their projects to investors. among the favorite projects. The mentioned successes of Azerbaijani start-ups are achievements achieved only in the last few months. The main common point that unites these startups is the government's support for the development of their projects. Four of the mentioned projects were awarded the "Startup" certificate within the framework of the state support provided by KOBIA. This document exempted projects from profit or income tax on their income from innovation activities for a period of 3 years. This allowed the startups to direct the profit they got from the project to the further development of the project. The document also gives the project an advantage when attracting investment from local and foreign investors, and supports easier integration into the relevant ecosystem. In addition to the "Startup" certificate, the "Dr. Agro" project also received financial support in the amount of 16 thousand manats as the winner of the 4th grant competition held by KOBIA. It should be noted that in January-April of this year, KOBIA issued 22 "Startup" certificates to micro and small entrepreneurs, and so far 145 "Startup" certificates. Within the framework of 4 grant competitions held by KOBIA, more than 1 million manats of grant funds were allocated to support the financing of 58 projects, including start-up projects. The mentioned startups are only a few of the Azerbaijani startups that have developed their projects at the expense of state support and were able to take them to the world market. Bigger achievements of our startups, which are currently developing their projects with the support of the state and successfully turning them into profitable businesses, are ahead.