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.

Within the framework of the “Startup, Innovation and Support” program, a project of the “OBA” supermarket chain, the Innovation Solutions Marathon has been launched.

The opening event of the marathon’s first week took place in the building of the INNOLAND Incubation and Acceleration Center with its support. The event brought together participating teams, mentors, and project managers.

First, the program’s roadmap was presented, followed by “SpeedDate” format meetings with mentors.

Continuing the event, the head of the INNOLAND Incubation and Acceleration Center, Nicat Amiraslanov, conducted the program’s first training session on the topic “Idea Generation, Innovation, and Creativity.”

Students of "Kiber One Baku – International IT School" visited INNOLAND. The students became closely acquainted with the INNOLAND Incubation and Acceleration Center, discovering the innovation and startup ecosystem in our country. They received detailed information about the center’s goals and services, directly communicated with resident startups, asked questions, and explored real projects. As part of the visit, the children also observed the activities of the iLAB innovation laboratory, where they saw the process of turning creative ideas into prototypes.