10 More Azerbaijani Startups Receive Startup Certificates
Fourteen new applications for Startup Certificates have been submitted to the Small and Medium Business Development Agency (KOBIA), operating under Azerbaijan’s Ministry of Economy.
According to Startup.az, the applications were reviewed at a meeting of the Expert Council responsible for issuing Startup Certificates, and 10 projects were approved to receive the certificate.
As a result, the total number of small and medium-sized enterprises (SMEs) that have obtained a Startup Certificate in Azerbaijan has reached 282.
The newly certified projects include:
- İşhesabı LLC – a cloud-based ERP (Enterprise Resource Planning) platform;
- Bonfi LLC – a digital privileges and rewards solution;
- Qalan LLC – an online mathematics-focused education platform for school students;
- Splus AZ LLC – a smart building management and resident services platform;
- Vexvon LLC – an AI-powered customer communication and sales automation platform;
- Anacan LLC – a digital guide platform for women;
- Chevvick Solutions LLC – a mobile payment platform;
- Too Far Logistics and Consulting LLC – a platform for the electronic management, signing, and archiving of contracts between commercial organizations;
- S2 Studio LLC – a mobile restaurant reservation platform;
- Viralix LLC – an AI-powered digital marketing, design, and advertising management platform.
The Startup Certificate grants SMEs an exemption from profit and income taxes on revenues generated from innovative activities for a period of three years from the date of certification.
Micro and small enterprises whose projects are at the development stage can apply to KOBIA for a Startup Certificate. Information on application requirements, eligibility criteria, and the necessary documentation is available through KOBIA’s startup certification program.