On March 17, memorandum of understanding signed between "Innovations Center" LLC (INNOLAND), which is subordinate to the State Agency for Citizens Service and Social Innovations under the President of The Republic of Azerbaijan, and “Yeni Fikir” LLC. The purpose of the Memorandum is to support entrepreneurship ecosystems for technological startups in our country and in the regions of Azerbaijan and to implement a high-level partnership that serves the needs of emerging (or other) technology entrepreneurs.
The document, along with the formation and development of technology entrepreneurship, also reflects cooperation issues related to the strengthening of business initiatives. Thus, the content of the Memorandum reflects the factors that are being estimated for the establishment and development of innovation ecosystems in our country, as well as business initiatives.
"Innovations Center" LLC (INNOLAND) cooperates with local and international organizations in accordance with the strategy of the development of innovation ecosystem in our country and in the region, as well as for the development of technology entrepreneurship (startups). As one of such organizations, "Yeni Fikir" LLC is one of the companies operating in the intellectual sector in Azerbaijan and having a specific role in the formation of startup culture.
Thus, the "Yeni Fikir" startup competition, which was held for the sixth time this year, is being implemented by "Yeni Fikir" LLC, sponsored by BP, the Baku Engineering University. The company "Yeni Fikir" cooperates with "Innovations Center" LLC (INNOLAND) in organizing the same startup competition. Five startup projects that will win the competition.
The development of five startup projects that will win the competition will also be supported at the Innoland Incubation and Acceleration Center.
“Polygraf AI” has secured a $9.5 million investment!
Based in the United States, “Polygraf AI” has gained the trust of international investors, becoming one of the most successful startups in the field of artificial intelligence.
The company provides AI-powered solutions for risk detection, fraud prevention, and data integrity protection for enterprises.
With this investment, “Polygraf AI” will accelerate product development and further strengthen its position in global markets.
We sincerely congratulate the “Polygraf AI” team!
INNOLAND resident startup "E-Legal" successfully executed an exit!
"E-Legal," a startup distinguished by its unique approach in Azerbaijan’s legal technology sector and a resident of the INNOLAND Incubation and Acceleration Center, has successfully exited in the United States!
Founded by Samaya Habibova, "E-Legal" digitalizes legal services by offering users contract preparation, automation of legal documents, and online consultation. In 2023, a 10-year agreement was signed between "E-Legal" and "ASAN Service." Under this agreement, digital legal service kiosks are planned to be installed in 29 "ASAN Service" centers across the country.
We congratulate the "E-Legal" team and wish them even greater success in the future!
“DIGIAGE – Baku 2025” Digital Game Camp Kicks Off!
The camp, organized jointly by the Innovation Center and Bilişim Vadisi DIGIAGE, has officially started. Out of 238 applicants, 100 selected participants will work in teams to create their own digital games.
We wish all participants great success!