The United States remains steadfast in its support for Azerbaijan’s burgeoning startup ecosystem and entrepreneurship programs, US Ambassador Mark Libby affirmed at the opening ceremony of the regional phase of the inaugural Startup World Cup in Baku, Report informs.

The event, organized by ADA University, Technovate-Sabah Angel Investors Club, and Pegasus Ventures, marks a milestone for Azerbaijan’s startup community.

“In collaboration with our international partners in Azerbaijan and worldwide, we are dedicated to fostering the growth of the startup and entrepreneurship ecosystem through training sessions and business development programs,” Ambassador Libby emphasized. “This year alone, we had the privilege of empowering over 100 women in Azerbaijan’s rural areas, equipping them with the skills to craft business plans and secure startup capital.”