A new Angel Investors Club has been established in Azerbaijan

US company “Technovate Investments ”of the founder Farid Ismayilzade Marja.az-a gave an interview. In the interview, Farid Ismayilzade shared information about ‘Technovate Investments’. We present this interview to you.

Let’s note first that, Farid Ismayilzade GoldenPay (owner of Hesab.az portal) operating in Azerbaijan and He is the founder of eMobile companies. O, GoldenPay and After selling eMobile, he moved to the United States, founded Technovate Investments, Azerbaijan and It has started to support startups from Georgia with investments.

Marja: Farid muallim, how are things going in America?

Farid Ismayilzade: I am satisfied with the progress of work in America. Technovate has 5 startups in its portfolio. 4 of them are already in America. The latter is working on market research, and As soon as this process is over, we will take it to America in the coming months.

Marja: What do you mean by “take me to America”?

Farid Ismayilzade: Technovate Investments venture and or work with a startup studio model. This is an incubator working with startups and is a different model from the accelerator model. We have global potential and We find startups that address large-scale problems, then work with them until a prototype is created, the team proves itself, and then we register that startup as a company in the United States. and to find them additional funding and we support him until he is able to stand up and move forward. This is a very boutique and is a one-to-one approach. Incubator and in accelerators, everything depends on the company’s founders. She according to also incubator and In the accelerator model, the success rate of the startup is estimated at 4-5 percent globally, while in the venture studio model, this figure can rise to 40 percent. Now 4 of our startups are registered in America and attracted the necessary funds for the coming years. One of them is already selling his product.

Marja: Are all startups from Azerbaijan?

Farid Ismayilzade: Not all. Our studio also has a Georgian startup. We do not rule out working with any global potential startup.

Marja: It turns out that you are represented in three ecosystems. Azerbaijan, Georgia and USA. What are the differences between them?

Farid Ismayilzade: Azerbaijan’s startup ecosystem is very new. It should not be expected that any steps will be taken only by the state. We have an investor problem and a lack of good ideas. The Georgian ecosystem is far ahead of us. The businessmen there, the startups and The approach of the state is more developed than ours. In general, developing a startup ecosystem requires a startup approach. You need to take risks, be fast, not be afraid to take different steps. Ignoring the “crazy” people who think about changing the world, dreaming about it, who have a vision in this way, and underestimating what they can do, this ecosystem is greatly damaged. In fact, we must support such people and create conditions for more such people. The startup ecosystem in the United States is a world leader. I think the second largest ecosystem after the United States is decades behind the United States. This can easily be seen in many ratings. She according to And we are integrating our global projects into the same US ecosystem. Legislation, privileges, investor approach, cooperation with large companies and s. is at the highest level.