Baghdad (IraqiNews.com) – Baghdad has marked a significant milestone in its entrepreneurial journey with the official launch of the European Bank for Reconstruction and Development (EBRD) Star Venture Programme and its SME Finance and Development initiatives in Iraq.
The move signals growing international confidence in Iraq’s private sector and startup ecosystem. Backed by the European Union, the initiative aims to scale high-potential Iraqi startups and strengthen small and medium-sized enterprises (SMEs), positioning the country as an increasingly attractive destination for regional and global investment.
The launch of the Star Venture Programme underscores a broader shift in how Iraq is perceived internationally. Once categorized primarily as an emerging market, Iraq is now steadily building its reputation as a dynamic hub for entrepreneurial growth and innovation.
Through technical assistance, advisory services, and access to international networks, the programme is designed to help Iraqi startups meet global standards in governance, scalability, and competitiveness. This structured support is expected to accelerate the integration of Iraqi businesses into regional and international markets.
The initiative aligns closely with the goals of the Iraq Growth and Innovation Program (IGIP), which focuses on bridging the gap between Iraqi talent and global best practices.
The presence of major international institutions such as the EBRD and the European Union sends a strong message: Iraq is open for business. Their commitment reflects confidence in the country’s reform trajectory, private-sector potential, and expanding innovation ecosystem.
