Azerbaijan Business Development Fund
InvestorAzerbaijani state investment and development finance institution
About
Azerbaijan Business Development Fund is a state-owned investment and development finance institution based in Baku under the Ministry of Economy. It combines equity investment with concessional financing, guarantees and subsidies for non-oil economic development. Its predecessor Azerbaijan Investment Company invested in technology companies including industrial 3D-printing startup Largix and automotive cybersecurity company C2A Security in 2023. AIC and the Entrepreneurship Development Fund merged into ABDF effective January 2025; ABDF was subsequently reorganized as an open joint-stock company. These startup transactions are predecessor investments, not newly announced ABDF deals.
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