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.
During the first week of July mentors and startups from “INNOLAND“ visit the new “INNOLAND“ Sheki to discover new startups. Participants will be introduced to basic entrepreneurial concepts during 2 days of workshops, followed by a Hackathon to apply the newly gained knowledge and put it into practice. The winners of the Hackathon will be accepted to “INNOLAND“ Sheki 6-month Incubation Program including working space in “INNOLAND“ Sheki Coworking.
Selection Criteria
Agenda:
Day 1: General Workshops
Day 2: General Workshops
Day 3: Start of Hackathon + Speakers
Day 4: Teamwork + Mentoring
Day 5: Teamwork, Final Presentations + Winner Announcement
For registration: http://bit.ly/2MWFSQX
🚀 The 5th TUSI at the Academy of the State Customs Committee
During the information session, students were introduced to the incubation program and received information about developing a startup idea, building a team, and the opportunities offered within the program. Participants’ questions were also addressed during the meeting.
You can also join the incubation program — register right now:
https://gub.icenter.az/home
Within the program, participants will:
• Gain practical knowledge to develop their startup ideas
• Benefit from trainings and mentorship support from industry experts
• Receive guidance on transforming their projects into a product or service
• Build new connections and collaboration opportunities within the startup ecosystem
If you want to bring your innovative ideas to life and take your first step into the startup world, join our program!
Registration is now open for the “Pre-seed and Seed Investment Readiness” program.
The program aims to prepare startups that already have a product and their first paying customers for investment in a short period of time and connect them directly with selected VCs. The process will be carried out through individual mentorship, a deep analytical approach, and the support of the AnalyzeWare platform.
A total of 5 startups will be selected. Within the program, they will shape their investment valuation, financial approach, and strategy over a period of 2–4 weeks. Notably, the selected startups will participate without any membership fee and will receive 12 months of free access to the AnalyzeWare Strategy package.
Application deadline: 14.02.2026
Registration link: https://forms.gle/BQBJ9fuxJoMU8TSr7