The Islamic Development Bank (IsDB) Group (www.IsDB.org) successfully concluded the 5th IsDB Group Startups & Innovation Pitch Competition 2026 during the IsDB Group Annual Meetings and Private Sector Forum held in Baku, Azerbaijan. Organized under the theme “Empowering Innovation, AI, Finance, Trade, and Entrepreneurship Across OIC Markets”, the competition brought together entrepreneurs, innovators, investors, policymakers, and development partners from across IsDB Member Countries to showcase innovative solutions addressing key development challenges. The 2026 edition attracted more than 220 startup applications across six strategic innovation tracks: Artificial Intelligence & Deep Tech, AgriTech & Food Security, FinTech & Cybersecurity, Sustainability & Climate, Supply Chain & Smart Cities, and Human Development & Health. Following a rigorous evaluation process, selected startups participated in a three-day Bootcamp in Baku, receiving mentorship, investment-readiness training, and pitch coaching from leading local and international experts. The competition culminated in the Global Demo Day, where twelve finalist startups presented their innovations before an international jury comprising representatives from government institutions, development organizations, venture capital firms, and entrepreneurship networks. Following the jury's deliberations, the competition concluded with the recognition of three outstanding startups, each demonstrating exceptional innovation and impact across key strategic sectors. The First Place Champion award was granted to BIOSHELL, represented by Mr. Gurban Davudov, in the Sustainability, Climate & Infrastructure track. BIOSHELL was recognized for its innovative approach and strong potential to contribute to sustainable development and environmental resilience. The Second Place Champion distinction was awarded to Bayuti, represented by Mr. Anouar Adham, under the FinTech, Digital Payments & Cybersecurity track. Bayuti impressed the jury with its forward-thinking financial solutions and commitment to advancing secure digital ecosystems. The Third Place Champion honoured went to Park Hub Baku, represented by Mr. Orman Sultany, competing in the Supply Chain & Smart Cities track. The startup was acknowledged for its
5th Islamic Development Bank (IsDB) Group Startups & Innovation Pitch Competition 2026 ...
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