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![city skyline under blue sky during daytime](https://images.unsplash.com/photo-1596306499398-8d88944a5ec4?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxzZWFyY2h8M3x8YmFrdXxlbnwwfHwwfHx8MA%3D%3D&w=1000&q=80)
 
Situated at the crossroads of Eastern Europe and Western Asia, Azerbaijan is working on making the country attractive to entrepreneurs and startup founders, and on transforming and digitizing its economy to reduce oil dependency. 
 Some notable ecosystem stakeholders have helped shape the narrative of the startup scene. [The State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan (ASAN)](https://asan.gov.az/en/media/gallery/album/1-sayli-baki-asan-xidmet-merkezinde-azerbaycan-respublikasinin-prezidenti-yaninda-vetendaslara-xidmet-ve-sosial-innovasiyalar-uezre-doevlet-agentliyi-ile-aile-qadin-ve-usaq-problemleri-uezre-doevlet-komitesi-birge-tedbir-kecirmisdir) has been an important initiator of ecosystem-related projects, and is considered a global leader in terms of digitalization and smart cities. ==read-more==
 One of those projects is the [Azerbaijan 500 ASAN Startup Program](https://programs.500.co/azerbaijan500asan), aimed at innovating and developing the country’s budding startup ecosystem through online events. Moreover, ASAN is partnering with the Asian Development Bank between 2019 and 2023 to boost private sector development, raise public sector efficiency, improve infrastructure, and strengthen human capital. ASAN also launched [INNOLAND](http://innoland.az/en/home/activity), an incubator, accelerator, and research center. Likewise, [the National Academy of Sciences](https://science.gov.az/en) established the [High-Tech Park](http://www.hightech.az), a science and technology park that creates an enabling environment for research and development projects. 
 The private sector supports the ecosystem by supplementing the need for funding, networking, and accelerators with initiatives such as the [Yeni Fikir LLC](https://yenifikir.az/) and [SUP VC](https://sup.vc/). A startup studio in Azerbaijan, the [Social Innovation Lab (Sil.)](http://sil.vc/), has dedicated itself to creating the first unicorn in Azerbaijan by 2025 and helping 50 startups raise funding every year. This is an ambitious goal for a country with a relatively small market size, and local startups have yet to get close to high valuations. More initiatives like these will be needed to help grow entrepreneurship, increase networking opportunities between national and international startup developers, and encourage private investment.

Azerbaijan

alkredit.az

Baku

alkredit.az startup from Baku, Azerbaijan is ranked 61857 out of 149632 worldwide and 38 from the 100 startups in Azerbaijan. See more information and additional rankings on the StartupBlink Global Ecosystem Map

As the innovation hub of the Asia-Pacific region, Taiwan is renowned for its outstanding high-tech R&D capacity, highly-trained professionals, and thriving networks of entrepreneurs which enable our  startup ecosystem to achieve steady continuous growth.

Director General, Department of Academia-Industry Collaboration and Science Park Affairs

We've seen the startup ecosystem of Moscow rapidly mature in the  last years. Having a dedicated startup agency has been instrumental in helping to deliver the right support services to entrepreneurs, investors and talent.

Startup Ecosystem Comparative Analysis

In the recent years, Moscow has become a gravity centre for the most talented people not only from Russia and Eastern Europe, but from all over the world. Such concentration of professionals affirms Moscow as one of the global “cities of the future”, world centre for the development of breakthrough technologies, particularly in IT.

The Moscow Agency of Innovations was established to create a truly favorable environment for the advancement of technology in Moscow.

2016

The Skolkovo Innovation Center and Skolkovo Foundation was signed into law with a goal to goal is to create a sustainable ecosystem of entrepreneurship and innovation.

2010

Avito, a classified ads website and now a unicorn, first went online.

2007

The Moscow Seed Fund, a VC which invests in see and pre-seed startups, was established.

2005

Yandex search engine was launched!!!!

1997

CAREC Startup Hub is launched

2022

CAREC Ministerial Conference endorses CAREC Digital Strategy 2030

2021

CAREC Secretariat launches technical assistance on startups and digitalization

2020

CAREC 2030 Strategy endorsed and includes ICT as cost-cutting sector for CAREC Program

2017

CAREC Institute establishes office in Urumchi, PRC

2015

CAREC program approves 6 projects amounting to $247 million under energy, trade, and transport sectors

2001

ADB officially establishes CAREC program

Technical assistance to promote regional economic cooperation in Central Asia is approved

1996

Запуск CAREC Startup Hub

 Министерская конференция ЦАРЭС одобряет Цифровую стратегию ЦАРЭС 2030

Секретариат ЦАРЭС запускает техническую помощь стартапам и цифровизации

Гендерная стратегия ЦАРЭС до 2030 года одобрена всеми странами-участницами

Институт ЦАРЭС получает правовой статус и Стратегия ЦАРЭС-2030 включает ИКТ в качестве сектора для Программы ЦАРЭС

Создана физическая база Института ЦАРЭС

Одобрено шесть проектов ЦАРЭС на сумму $247 млн

АБР официально учредил программу ЦАРЭС

Одобрена техническая помощь в продвижении регионального экономического сотрудничества в Центральной Азии

CAREC

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