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" 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
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.
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
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.