On January 10, 2019, Memorandum of Understanding was signed between INNOLAND Incubation and Acceleration Center, Next Step Innovation Center and SUP Startap Accelerator.
The memorandum covers joint cooperation on the promotion of Incubation and Acceleration projects, the provision of co-working services, and the conduct of educational programs for startups. It also includes an exchange of information and involvement in the organization of other mutual events to attract local and foreign investors.
The importance of the incubation service in establishing a sustainable startup ecosystem in our country, as well as the role of the acceleration service in shaping new national startup brands outside the country.
We held a webinar on the topic of “Commercialization of Technological Startups.”
During the webinar, Serhat Duyar, a startup mentor from “Bilişim Vadisi,” shared his experience on this subject.
“Yay Fest 2025” — From Idea to Signature
As part of “Yay Fest 2025,” a panel discussion titled “From Idea to Signature: Sovereign Thinking, Local Innovative Initiatives” was held with the participation of young attendees.
Speakers included Nicat Amiraslanov, Head of the “INNOLAND” Incubation and Acceleration Center, and Nofel Aliyev, trainer at the ASAN Center for Innovative Development.
During the panel, participants were provided with in-depth information on startup building, shaping successful ideas, and the role of artificial intelligence tools in this process. The session continued with an interactive discussion involving the youth.
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.