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.
Rezident startaplarımız "İnsan Resursları və İdarəetmə Forumu"nda iştirak ediblər
Safavy, Taskilled və Eduaz startaplarımız Azərbaycan Respublikasının Vətəndaşlara Xidmət və Sosial İnnovasiyalar üzrə Dövlət Agentliyinin ASAN İnnovativ İnkişaf Mərkəzinin təşkilatçılığı ilə Ümummilli lider Heydər Əliyevin 100 illik yubileyinə və peşəkar idarəçilik yoluna həsr olunmuş forumda iştirak ediblər.
The opening ceremony of the SID project, implemented under the slogan “Your idea is supported” with the support of the INNOLAND Incubation and Acceleration Center, has been held.
The SID project not only promotes the development of creative initiatives but also contributes to optimizing operations at OBA, implementing innovative solutions, and overall diversifying Azerbaijan’s startup ecosystem.
The opening ceremony was attended by senior representatives of Veysəloğlu Group of Companies and the Director of the Innovation Center under the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan, Vusal Rustamov.
Speaking about the project, Vusal Rustamov stated that the Innovation Center is ready to share its resources in order to create an effective incubation environment for the 33 selected startups. He emphasized that this cooperation is a bright example of public-private partnership and highly appreciated OBA’s initiative.
It should be noted that a total of 183 teams applied for the project, and 33 of the most promising teams were selected for the next stage.
Within the framework of the project, a total prize fund of 10,000 AZN has been allocated.
The 5th "TUSI" Incubation Program Launches with 230 Young Participants
The 5th "TUSI" incubation program has been launched as part of the "Skills for the Future" project, implemented by the Innovation Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan.
The first day of the program was met with great enthusiasm. Nearly 230 young people participated in the opening event.
The first training session focused on "Idea Development and Validation." During the session, participants gained theoretical and practical knowledge on idea formulation, assessment of growth potential, defining the right direction, and overcoming challenges at the initial stages.
The primary goal of the program is to develop participants' startup ideas to a market-ready level, while providing them with mentoring, expert support, and networking opportunities.
A total of 600 people registered for the 5th "TUSI" incubation program via the project’s web platform. Selected participants will undergo an intensive training program covering 10 main topics and 34 sub-modules.
The "Skills for the Future" project aims to strengthen human capital in the field of innovation, support the development of youth ideas, and guide them toward sectors that will contribute to the country's technological progress.