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.
Meeting on “Special Regulatory Regime” for Fintech Startups Held
A meeting on the “Special Regulatory Regime,” which is of significant importance for the fintech ecosystem, was successfully held with the joint organization of the Central Bank of the Republic of Azerbaijan and the INNOLAND Incubation and Acceleration Center.
During the presentation, detailed information was provided on the purpose of the special regulatory regime, evaluation criteria for applications, and the pilot process, followed by extensive discussions in this direction. The session was both informative and practically useful for startups operating in the fintech sector.
Speakers:
• Sahib Hasanov– Head of Department, Central Bank of the Republic of Azerbaijan
• Vagif Guliyev– Senior Specialist, Central Bank of the Republic of Azerbaijan
The meeting included extensive discussions on existing opportunities for the fintech ecosystem, regulatory requirements, innovation regulation, and future cooperation prospects. A Q&A session was also organized for participants, during which current issues in the field were explained in detail.
"Green Hackathon 2024"-un yekun tədbiri keçirildi və qaliblər elan olunub.
Final mərhələsində 30-dan çox yerli universitetdən 87 innovativ gənc 20 komanda tərkibində öz ideyalarını təqdim edib.
İnnovativ soyutma sistemi ilə günəş panellərinin səmərəliliyini artırmağı hədəfləyən "Greenix" komandasi öz ideyası ilə 1-ci yerə, sənayedən buraxılan su tullantılarını ağır metallardan təmizləyən startap ideyası ilə "Envirominds "komandası 2-ci yerə və kənd təsərrüfatında dron vasitəsiilə aparılan əkin sahələrinin avtonom analiz və monitorinq həlli ilə "AgroGuard" komandası 3-cü yerə layiq görülüb.
Qaliblərə müxtəlif pul mükafatları verilib və sertifikatlar təqdim olunub.
Tədbirdə Asiya İnkişaf Bankının ölkədəki nümayəndəliyinin rəhbəri Sunniya Durrani-Jamal (AİB), İqtisadiyyat Nazirinin müavini Elnur Əliyev və Vətəndaşlara Xidmət və Sosial İnnovasiyalar üzrə Dövlət Agentliyinin sədr müavini Ceyhun Salmanov iştirak edib.
Qeyd edək ki, müsabiqə AİB, Vətəndaşlara Xidmət və Sosial İnnovasiyalar üzrə Dövlət Agentliyi və İqtisadiyyat Nazirliyinin birgə təşkilatçılığı ilə baş tutub.
Hakaton AİB-nin yerli texnoloji startapların inkişafına dəstək verən Texniki Yardımı çərçivəsində təşkil olunub. Texniki Yardım Koreya Respublikasının E-Asiya və Bilik Tərəfdaşlığı Fondunun maliyyə dəstəyi ilə reallaşdırılıb.