• Baku, AZ1073, Inshaatchilar Ave 2
  • (+99412) 538 37 87 / 88
  • (+99412) 538 37 89
  • info@ictfund.gov.az
  • www.ictfund.gov.az

State Fund for Development of Information Technologies

The State Fund for Development of Information Technologies (SFDIT) was established by the order of the President of the Republic of Azerbaijan No.2095 dated 15 March 2012. The Fund operates under the Ministry of Transport, Communications and High Technologies. It is a state authority that stimulates functions in the field of information and communication technologies (ICTs), provides financial support for the expansion of application of innovations and applied scientific researches in this area.

 

Activities:

  • Term investments with the acquisition of equity participation and shares in the authorized capital of legal entities operating in ICT field;
     
  • Financing of business entities operating in the field of ICT by granting low-interest loans through authorized banks and non-bank credit institutions;
     
  • Grant financing of innovative and applied scientific and technical projects (startup projects).