"INNOLAND" Incubation and Acceleration Center of the State Agency for Citizen Services and Social Innovations under the President of Azerbaijan will start a Joint Acceleration Program with AzerGold CJSC. The goal is to bring together the precious metal industry's most emerging startups to stimulate inter-industry innovation, increase the effectiveness of processes and establish a new standard for this industry in Azerbaijan and the region.
The startups eligible for this batch can be focused on:
utilizing leading technologies
within the precious metal industry and provide solutions that can be adapted to the needs of AzerGold CJSC.
Along with innovative solutions for the precious metal industry, startups can offer solutions suitable for AzerGold’s organizational needs including:
Database / Digitalization
Other than being relevant to AzerGold CJSC’s activities, the selection criteria include:
1.Team: Minimum 2 People (No solo founders)
2. Minimum physical full-time presence on-site 1 Team member with good knowledge of English
3. Product: Developed or are developing a minimum viable product (MVP), Proof of concept
4. Market: Identified market and target segments
5. Pitch Deck needed
6. Qualification and experience in the field of precious metals will be considered as a big advantage
7. Research for export opportunities and readiness to enter new markets
For registration: https://forms.gle/8YqYx6mh6d1J7sXd8
In "INNOLAND" Incubation and Acceleration Center the seed round investment made into the "Nextsale" and "Whelp" startups, participants of the winter acceleration program of the SUP "Startap Accelerator.
The investment in these startups was implemented jointly by the "Azfinans" Investment Company, the "Next Step" Innovation Center and Khazar Ventures.
A memorandum was signed between “Youth Inc.” and "INNOLAND" Incubation and Acceleration Center.
The memorandum was signed by the coordinator of the Entrepreneurial Program “Youth Inc.” Zaur Unsizade and the director of the “INNOLAND” Mamed Karim.
The memorandum is intended for mutual exchange and development of educational and practical methods of both centers.
Along with the exchange of experience and talents, joint demo-tours and training will be organized.
On January 10, 2019, Memorandum of Understanding was signed between INNOLAND Incubation and Acceleration Center, Next Step Innovation Center and SUP Startap Accelerator.
The memorandum covers joint cooperation on the promotion of Incubation and Acceleration projects, the provision of co-working services, and the conduct of educational programs for startups. It also includes an exchange of information and involvement in the organization of other mutual events to attract local and foreign investors.
The importance of the incubation service in establishing a sustainable startup ecosystem in our country, as well as the role of the acceleration service in shaping new national startup brands outside the country.