Startup Certificates recommended for 10 organizations
The latest meeting of the Expert Council on the issuance of Startup Certificates has been held. During the meeting, the applications of 16 business entities that had applied to the Small and Medium Business Development Agency (KOBIA) for a Startup Certificate were reviewed.
According to Startup.az, authorized representatives of the applicant businesses delivered brief presentations on their activities and innovative solutions during the discussions.
Based on the Expert Council's assessment, it was recommended that Startup Certificates be granted to 10 organizations. It was noted that the final certificates will be issued by KOBIA based on the Council's recommendations.
According to the information provided, a total of 298 business entities have received Startup Certificates to date. Information about the certificate holders can be found on the Startup Azerbaijan portal.
It should be noted that, under current legislation, business entities that obtain a Startup Certificate are exempt from profit and income taxes on revenues generated from innovation activities for a period of three years.