Investors in Azerbaijan

Our mission - Participation in competitive and value-added projects, especially export-oriented or import-substituting projects - To contribute to the development of the economy in the country - To stimulate the development of entrepreneurship - To attract foreign investors to the Republic of Azerbaijan VALUES Transparency: AIC allows access to key financial indicators through clear reports and therefore provides more certainty and true risk assessment. Relationship – AIC builds and fosters long-term relationships based on professionalism and trust, as well as builds partnership and network with stakeholders working as a team both - internally and externally. Integrity: AIC strives to be honest and disciplined in all that company does. AIC also expects that company’s employees maintain the highest ethical standards in their ongoing activities. Continuous development: AIC considers constant improvement of employee expertise & knowledge as a key value for delivery of company’s long-term performance success.

Azerbaijan is well-known worldwide as an ancient oil country. From the late 19th to the early 20th century, Baku has transformed into one of the biggest oil centres in the world.After Azerbaijan gained its independence, oil played a crucial role in the country’s development. At the time, the country suffered from military aggression and faced a multitude of different risks. To rebuild the country, the national leader Heydar Aliyev developed a long-term oil strategy. The three pillars of this strategy include:the attraction of foreign investments and expertiseestablishment of multi-optional export routesefficient and transparent management of accumulated revenuesOn September 20, 1994, Azerbaijan signed the Azeri-Chirag-Gunashli Production Sharing Agreement (PSA) with leading international oil companies. Dubbed the “Contract of the Century,” this agreement spurred the signing of new oil contracts, which generated substantial revenues for the country. These developments urged the need to establish an entity whereby assets could be accumulated and efficiently managed. Ilham Aliyev, the vice-president of SOCAR back then, initiated the realization of this idea. As proposed by Ilham Aliyev, the experiences of similar sovereign wealth funds abroad were thoroughly evaluated.Consequently, the national leader Heydar Aliyev signed a Decree to establish the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on December 29, 1999.SOFAZ is an extra-budgetary fund and functions as a legal entity separate from the government or central bank. SOFAZ safeguards and prudently manages energy-related earnings for present and future generations. One of the key principles of SOFAZ is transparency. Throughout this period, the Fund has developed institutionally and became an internationally recognized asset management organization.

SUP VC is an intensive accelerator program that help startups grow and expand to international markets. During 3-month program startups build their products, learn different practices that are applied in international environment and the program is finalized by Demo Day. SUP VC intends to be a melting pot for our startups by providing access to capital, mentorship, customer acquisition and product development. With dozens number of mentorship network across the globe, SUP VC delivers the knowledge, international practice and the best entrepreneurial journey.COMMUNITYOur community is our strength. SUP VC is a connecting hub between startups, international and local mentors & coaches and operating team.MENTORSHIPAs a startup team, you'll get access to knowledgeable mentors, among which are successful entrepreneurs, experienced investors, industry experts.BRAND & PROur local and international media connections help you to position your brand in the market. We feature our startup at different events and social media..OFFICEWe provide our startups with office space that operates 24/7. You'll connect with the brightest minds and the most creative people you can meet in Baku.CONNECTIONSWe know everyone in the startup community in this country and a lot of others abroad. Our connections will help you expand your professional network.INVESTMENTAs a SUP VC portfolio company you'll have an opportunity to connect with local and international investors in Demo Days and raise investment for your startup.

PASHA Investments is a private equity company focusing on growth capital investments in mid-cap companies in Azerbaijan, Georgia, and Turkey.We are part of PASHA Group, a large investment holding based in Azerbaijan, which has assets across a wide variety of sectors, including banking, insurance, construction, hospitality and tourism. Since our launch, we have earned a reputation of a credible financial partner. Today, we provide our stakeholders with a solid mix of broad expertise, financial strength and sharp strategy.Our experienced team is driven by the main mission: to seek out companies with growth potential and support their further development and expansion.We believe in the importance of credibility and we are certain of our strategy, based on integrity, quality, profitability, collaboration, and entrepreneurship.VisionA leading regional and credible strategic investor governed by utmost integrity, sound corporate governance, advanced technology solutions and managed by competent human talent to stimulate sustainable economic growth, professional entrepreneurship and to facilitate regional business partnership.MissionPromote capital-efficient investments in non-oil industry in Azerbaijan and in neighboring economies to serve their growing investment needs, to stay committed to encouraging a culture of innovation and creativity, and to being a representation of best corporate practice, trust, continuity and respect for all our stakeholders: our countries of presence, shareholders, employees, clients and partners.IntegrityAt the core of our business stands the unshakeable commitment to integrity. For us, it means doing what is right. Every time. All the time. Even when no one sees you. At the very basic level, it is about respecting the laws and regulations of the country we operate in. It is about upholding our company’s code of conduct even in the face of challenges. It means never sacrificing company interests for personal gains. It means being honest with ourselves, our colleagues, clients and partners and earning their trust. ProfitabilityWe generate profits for the benefit of our shareholders and the society at large. In fact, it is today’s profit that lays the foundation of the sustainable business and serves for maintaining the competitive edge. Our staff understand that value comes not only in every manat earned but also every manat saved. However, in the pursuit of short-term business goals we never lose sight of our long-term aspiration – to create and maintain a sustainable global business. And this aspiration drives every strategic decision we make. EntrepreneurshipThe world around is constantly changing, so we often have to operate in ambiguity. We seek new opportunities and are ready to take bold steps – do things and go places others don’t dare to. We don’t fear challenges but view them as opportunities to grow. We are unafraid to take a personal responsibility for going an extra mile or doing something new. Our staff treat the company with care, passion, prudence – just like they would treat their own business. QualityThe outside world will always judge us by the quality of the product or service we deliver. And the quality of our work is directly proportional to the dedication and professionalism of our staff. There is no way around it. That is why we always follow the standards we set. That is why we deliver what we promise - day in, day out – carefully balancing quality with efficiency for optimal results. That is why we try new things and strive to learn and improve - as individuals and as an organization. CollaborationWhen we work as one team across departments, business units, and countries we produce phenomenal results. When we collaborate with clients, partners and suppliers we far exceed market expectations. The impact of these synergies far surpasses that of any individual contribution. Collaboration creates a sound working environment and leads to higher efficiency. It accelerates problem-solving and enables innovation. It nurtures trust and respect.

Sabah.Hub LLC is a venture capital and accelerator firm specializing in pre-seed, incubation, seed/startup and growth capital investments. The firm prefers to invest in technology, FinTech, CleanTech, Digital Health and EdTech sectors. It seeks to invest in Azerbaijan, South Caucasus, Central Asia and MENAPT region. The firm typically invest between $0.10 million and $0.75 million. It runs an accelerator program for 3 months to support startup with minimum viable product. The firm usually allow 10 to 15 teams per program. Sabah.Hub LLC was founded in 2021 and is based in Baku, Azerbaijan.

Caucasus Ventures is a venture capital firm that invests in early-stage technology companies in the Caucasus and Central Asia region. The firm seeks to partner with companies that have strong teams and the potential to achieve significant growth.

Impact Fund Denmark is a private equity and venture capital firm specializing in financing in the form of equity, mezzanine, loans, debt and guarantees. It makes socially conscious investments. It makes directly & indirectly investments. Under directly investing, it invests in early stage & growth capital investments. Under indirectly investments, it invests in venture capital funds. It specializes in establishing new companies, setting up joint ventures between Danish companies and local business partners and in acquiring existing companies. It provides financing to private-sector projects in the developing countries. The firm can only invest in countries whose 2008 GNI capita income is below $0.03 million with an exemption granted to South Africa, Botswana, and Namibia. Also, the host countries of investments must be on the OECD’s DAC list of development aid recipients. It invests where private sector financing is unavailable or insufficient. It invests in sustainable growth and high-impact solutions in developing markets/countries. It does not invest in Forced labor or child labor, Ozone depleting substances, PCB's (Polychlorinated Biphenyls) and other specific, hazardous pharmaceuticals, pesticides/herbicides or chemicals, wildlife or products regulated under the Convention on International Trade in Endangered Species or Wild Fauna and Flora (CITES), Unsustainable fishing methods, Cross-border trade in waste and waste products, unless compliant with the Basel Convention and the underlying regulations, Destruction of High Conservation Value areas, Radioactive materials and unbounded asbestos fibres, Pornography and/or prostitution, Racist and/or anti-democratic media, Alcoholic Beverages (except beer and wine), Tobacco, Weapons and munitions, Gambling, casinos and equivalent enterprises, Standalone fossil fuelled power plants, Drilling, exploration, extraction, refining and sale of crude oil, natural gas and thermal coal, Storage, supporting infrastructure (pipelines etc.), transportation and logistics, and services primarily related to fossil fuels, Any business using captive coal for power and/or heat generation, Electricity generation from peat and activities leading to deforestation, Investments and/or other projects that aim to produce or make use of agricultural or forestry products, Biomaterials and biofuel production, Export-oriented agribusiness mod, Meat and dairy industries. It prefers investing in commercial services and supplies, biofuels, electric power by solar and wind energy and irrigation systems sector. The firm seeks to invest in climate and Agribusiness. It focuses its investments in Green energy & infrastructure with focus on Clean, affordable renewable energy, Waste recycling and management, Energy efficiency, Water access and management; Financial Services with focus on Microfinance, MSME financing, Development banks and Insurance; Sustainable food systems with focus on Climate farming, Storage and distribution, Processing, Forest and land; Healthcare with focus on Hospitals and clinics, Pharmacy chains, Diagnostic services, Pharmaceuticals & medical equipment. The firm prefers to invest in companies based in Africa focusing on North Africa, Sub-Saharan Africa, South America, Central America, Middle East and Algeria, Angola, Benin, Botswana, Jordan, Denmark, Senegal, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo (Brazzaville), Democratic Republic of Congo, Côte d'Ivoire, Djibouti, Egypt, Arab Rep., Eritrea, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, São Tomé and Principe, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe; Asia focusing on Afghanistan, Bangladesh, Bhutan, Cambodia, China, Fiji, India, Indonesia, Iran, Iraq, Brazil, Malaysia, Turkey, Mexico, Kiribati, Laos, South Korea, North Korea, Kyrgyzstan, Maldives, Federal States of Micronesia, Mongolia, Myanmar, Nepal, Marshall Islands, Pakistan, Papua New Guinea, Philippines, Western Samoa, Solomon Islands, Sri Lanka, Syria, Tajikistan, Thailand, East Timor, Tonga, Turkmenistan, Tuvalu, Uzbekistan, Vanuatu, Vietnam, West Bank and Gaza, Yemen; Europe focusing on Albania, Russia, Armenia, Azerbaijan, Caucasus, Belarus, Balkans, Bosnia & Herzegovina, Bulgaria, Croatia, Montenegro, Romania, Slovenia, Georgia, Kosovo, Macedonia, Moldova, Serbia, Ukraine; and Latin America with a focus on Belize, Bolivia, Colombia, Cuba, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras Nicaragua, Paraguay, Peru, Saint Lucia, Saint Vincent and The Grenadines, Suriname, Ecuador, and Jamaica and North Asia, United States of America, Latin America and parts of Europe. It seeks to invest between from DKK15 million ($2.32 million) and DKK500 million ($77.52 million). The firm can invest up to DKK350 million ($51.34 million) per company. The firm seeks to co-invest with Danish businesses in projects based in developing countries. It prefers to take minority stake between 10% to 30% and up to 49 per cent in small projects. It prefers to take a board membership. The firm prefers to exit its investments within five to seven years when the loan has been repaid or the shares have been sold. The firm also offers special assistance to small and medium-sized enterprises which employs less than 300 employees, with an annual revenue of up to DKK 300 million ($53.16 million) and has a positive result in two out of three latest financial years. It also provides advisory services to business investments in developing countries. The firm makes two thirds of its investments in partnership and can also provide additional financing. Impact Fund Denmark was founded in 1967 and is based in Copenhagen, Denmark with additional offices across Asia, Europe, South America, and Africa.