An info session visit to the "INNOLAND" Incubation and Acceleration Center was organized for the trainers of the "Power of the Morning" development program.

During the visit, participants received valuable information about the activities of the center, the startup ecosystem, the stages of turning ideas into business, and the operating principles of the innovation environment.

The info session was presented by the INNOLAND team.

With the support of the Innovation and Digital Development Agency (IRIA) and organized by SUP VC, a panel discussion titled INNOSTART on the topic “Support for Azerbaijani Startups” was held at Nakhchivan State University.

The panel featured Nijat Amiraslanov, Head of the “INNOLAND” Incubation and Acceleration Center, Mubariz Shahbazli, Director of the UNEC Incubation Center, and Huseyn Asgarli, Head of the IT Department of NSU, as speakers. The main purpose of the panel was to familiarize young people in the region with innovation and startup opportunities and to encourage them to engage in this field. During the panel, there was a broad exchange of views on state support mechanisms for startups, investment opportunities, and the innovation environment

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.