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.
The resident startup "Tada!" from "INNOLAND" was awarded 2nd place among 120 startups and 428 young participants.
As a result of the collaboration between "STARBUCKS FOUNDATION" and "Alshaya Group" with the "Habitat" Association, the final stage of the "EmpowerMe Youth Program," covering 120 startups and 428 youth across Eurasia, took place.
At the program’s final stage, 8 teams had the opportunity to present their business ideas at the "EmpowerMe Demo Day" held in Turkey.
The winners with their innovative solutions were the teams "Tada!" (Azerbaijan), "LumoGluco" (Turkey), and "Nauanix" (Kazakhstan).
We congratulate our startup team and wish them success!
INNOLAND resident “KidFi” represented Azerbaijan at Web Summit Qatar 2026.
Our resident “KidFi” took part in the international technology event Web Summit Qatar 2026, held in Doha from February 1–4, successfully representing Azerbaijan.
What did “KidFi” present on the global stage?
Innovative solutions in the EdTech and FinTech sectors,
A financial literacy platform with more than 240 videos,
A modern and interactive learning model designed for children.
Web Summit Qatar 2026 served as an important platform for “KidFi” to strengthen its international visibility, establish new partnerships, and integrate into the global ecosystem.
It should be noted that the event brought together more than 30,000 participants, over 1,600 startups, and hundreds of investors and industry leaders.
Our residents — startups "Convitsa", “DoVotes”, and "Enverson" — will take part in the 1st Azerbaijan International Investment Forum.
This forum brings together entrepreneurs, investors, and innovative projects from around the world to discuss Azerbaijan’s investment environment, new opportunities, and future collaborations.
We wish our teams the best of success!