InvestorDriving economic growth and entrepreneurship in Azerbaijan.
The startup scene in Azerbaijan
The Asian Development Bank’s October 2022 report described startup support in Azerbaijan as concentrated on the Absheron Peninsula and identified Baku as a vibrant startup center. [50939]
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The Asian Development Bank’s October 2022 report described startup support in Azerbaijan as concentrated on the Absheron Peninsula and identified Baku as a vibrant startup center. [50939]
StartupBlink estimated the value of Baku’s startup ecosystem at US$589.9 million and reported 19.2% annual ecosystem growth for April 2025 to April 2026. [50937, 50938]
Innovation Hub reported that IDDA initiated an ecosystem meetup under the Baku ID framework on September 18, 2026, with nearly 20 technology companies represented. [50933, 50934]
IDDA describes the ITU Regional Acceleration Centre as a hub bringing together startups, corporations, government agencies, and academia. [50928]
Startup ecosystem standing
Where Baku ranks
| Ranking | Edition | Position | Since last edition | Trust | What it measures |
|---|---|---|---|---|---|
 Global Financial Centres Index | GFCI 40 | #103 | No prior edition | B | Finance, Competitiveness, Business Climate |
 Global Startup Ecosystem Index (cities) | 2025 | #297 | No prior edition | B | Ecosystem, Activity, Finance, Business Climate |
19 organizations with a profile
Who's based in Baku
Investors 11
Investor
InvestorDriving digital transformation and transport innovation in Azerbaijan.
InvestorFostering entrepreneurship and innovation in Sabah.
The 3 most prominent of 11. Browse all investors
Incubators 4
IncubatorFostering innovation and startup growth in Azerbaijan.
IncubatorPromoting innovation and high-tech research in Azerbaijan.
IncubatorEmpowering early-stage startups in Azerbaijan.
The 3 most prominent of 4. Browse all incubators
Accelerators 2
AcceleratorAccelerating startups in Azerbaijan and beyond.
AcceleratorEmpowering the next generation of entrepreneurs in Azerbaijan.
Venture studios 2
Venture studioBuilding the first unicorn startup from Azerbaijan.
Venture studioTransforming bold ideas into scalable companies.
Pick what describes you
Your way in
Raising in Baku
Investors based here, and the programs that take teams at your stage.
- Ministry of Economy of the Republic of AzerbaijanInvestor
- Rəqəmsal İnkişaf və Nəqliyyat Nazirliyi - The Ministry of Digital Development and TransportInvestor
- All investors
Finding startups in Baku
Accelerators and incubators here see the earliest teams first.
Get startups that fitScouting in Baku
Campuses and communities are where teams form before anyone funds them.
Start scoutingFrom public sources
What the sources say about Baku
ADB’s 2022 report identifies Baku as the country’s startup center and locates much support on Absheron.
Source: Azerbaijan’s Ecosystem for Technology Startups—Baku, Ganja, and ShamakhiStartupBlink reports 19.2% annual growth over April 2025–April 2026.
Source: Baku Startup Ecosystem - Rankings, Startups, and InsightsStartupBlink estimates the Baku ecosystem value at about US$589.9 million.
Source: Baku Startup Ecosystem - Rankings, Startups, and InsightsThe official quoted in the article says employers have difficulty finding experienced IT specialists.
Source: Opportunities and Challenges in the Innovation Ecosystem Discussed with Startups and Technology Companies within the “Baku ID” FrameworkThe article reports nearly 20 companies attending the meetup.
Source: Opportunities and Challenges in the Innovation Ecosystem Discussed with Startups and Technology Companies within the “Baku ID” FrameworkThe dated article reports an IDDA-initiated ecosystem meetup under Baku ID.
Source: Opportunities and Challenges in the Innovation Ecosystem Discussed with Startups and Technology Companies within the “Baku ID” Framework
Questions about Baku
How does Baku rank as a startup ecosystem?
Its best position is #103 in GFCI (GFCI 40). It appears in 2 published rankings; the table above lists each one.
How many startup investors are based in Baku?
11 investors based in Baku have a profile here, including Ministry of Economy of the Republic of Azerbaijan, Rəqəmsal İnkişaf və Nəqliyyat Nazirliyi - The Ministry of Digital Development and Transport and SABAH.HUB. The real number is higher.
Are there accelerators or incubators in Baku?
Yes. Baku has 2 accelerators, 4 incubators and 2 venture studios on record, including SUP.VC, Innoland Incubation & Acceleration Center and Social Innovation Lab (Sil.VC).
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