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.
INNOLAND resident “KidFi” represented Azerbaijan at Web Summit Qatar 2026.
Our resident “KidFi” took part in the international technology event Web Summit Qatar 2026, held in Doha from February 1–4, successfully representing Azerbaijan.
What did “KidFi” present on the global stage?
Innovative solutions in the EdTech and FinTech sectors,
A financial literacy platform with more than 240 videos,
A modern and interactive learning model designed for children.
Web Summit Qatar 2026 served as an important platform for “KidFi” to strengthen its international visibility, establish new partnerships, and integrate into the global ecosystem.
It should be noted that the event brought together more than 30,000 participants, over 1,600 startups, and hundreds of investors and industry leaders.
“ASAN Service” at the “Take Off Istanbul 2025” Startup Summit
On December 10–11, 2025, a delegation from the Innovation Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan participated in the international “Take Off Istanbul 2025” startup summit held in Istanbul, Turkey.
At the event, where “ASAN Service” is a partner, Azerbaijan was represented with its national stand. The stand showcased the Innovation Center, ASAN AI Hub, resident startups of the INNOLAND Incubation and Acceleration Center, as well as promising local startups representing the innovation ecosystem, including Enverson AI, Convitsa, Polygraf AI, Speakday, IOMETE, Qmeter, Tryverse, and StarKidStories.
During the two-day summit, the Azerbaijan stand was visited by Selcuk Bayraktar, Technical Director of Baykar, İrem Bayraktar Aksakal, Director of the Take Off Girişim Summit, as well as investors and other key participants of the innovation ecosystem. The startups’ activities were closely reviewed, and potential collaboration opportunities were discussed.
On the second day of the event, Vusal Rustamov, Director of the Innovation Center, spoke at a panel discussion on “Regional Startup Ecosystem: Azerbaijan, Bangladesh, Turkey” held within the framework of “Take Off Istanbul 2025.”
This year, the “Take Off Istanbul” summit brought together more than 500 startups from 40 countries, over 250 investors, 75 stakeholders, and 11 sponsoring organizations.
The summit is organized within the framework of TEKNOFEST, initiated by the T3 Foundation, the Ministry of Industry and Technology of the Republic of Turkey, and the Investment and Finance Office of the Presidential Administration. It functions as one of the region’s largest innovation and startup platforms, creating a favorable and barrier-free environment for innovation by bringing together entrepreneurs, mentors, venture capital representatives, and companies.
The Final Stage of the “HER IT Journey 3” Project Successfully Concluded with the Support of INNOLAND
On June 24, 2025, the official final event of the “HER IT Journey 3” project was held with the support of the INNOLAND Incubation and Acceleration Center and implemented by “SAFAVY” LLC, a resident startup of the center.
Between March 15 and June 15, within the scope of the project, 20 female participants selected from various regions of Azerbaijan received hybrid-format training on “Digital Marketing and Branding,” “Graphic Design,” and soft skills. Throughout the program, participants also had the opportunity to meet renowned experts in the field and exchange experiences.
The “HER IT Journey” initiative aims to further develop the digital skills of women living in regions, belonging to socially vulnerable groups, or engaged in entrepreneurship, and to integrate them more actively into the ICT sector.
It should be noted that “SAFAVY” LLC has been operating for over four years as the first local educational platform awarded with a Startup Certificate in the country. The “HER IT Journey” project is one of the company’s consistent and impactful social initiatives promoting active participation of women in technology. PAŞA Holding’s financial support has made a significant contribution to the project’s implementation.