US company: "There are many wealthy people in Azerbaijan"

Although there are many wealthy people in Azerbaijan, unfortunately, few invest in startups, Farid Ismayilzade, the founder of the US company Technovate Investments, said at a meeting with representatives of the innovation ecosystem, Report informs.

According to Ismayilzade, their Angel Club has invested in startups from Azerbaijan, Georgia, and Central Asia: "So far, we have invested $ 250,000 in startups. But the value of the startups we sponsor now has reached $ 23 million."

Ismayilzade noted that startups from Azerbaijan will visit Silicon Valley in the United States in September.