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.
Information sessions of the 5th TUSI continue
Within the framework of the program, meetings were organized at Azerbaijan State University of Economics, Azerbaijan State Pedagogical University, and Baku Higher Oil School.
Students were introduced to the goals of the incubation program, the process of developing a startup idea, team building, and the opportunities offered by the program. Participants’ questions were also addressed.
In total, more than 400 students took part in the information sessions and learned about the startup ecosystem and the development of innovative ideas.
You can also join the incubation program by registering here:
➡️ https://gub.icenter.az/home
Registration for the "Star Venture" Programme, supported by “INNOLAND” Incubation and Acceleration Center, is still open!
The "Star Venture" Programme, implemented by the European Bank for Reconstruction and Development (EBRD), invites high-potential Azerbaijani startups to join the initiative for international growth. 🇦🇿
Selected startups within the programme will receive:
Individual consulting and mentoring support worth EUR 50,000,
Access to investment opportunities,
Global business connections and networking possibilities.
To date, more than 400 startups have benefited from this programme, attracting over EUR 600 million in foreign investment.
Now it’s Azerbaijan’s startups’ turn to shine!
Application deadline: 22 October 2025
Registration link: Apply here
Let’s promote the Azerbaijani startup ecosystem on the global stage — together!
The info sessions of the V "TUSI" Incubation Program are continuing
Within the framework of the program, meetings were organized at Baku Engineering University, Azerbaijan State Oil and Industry University, Khazar University, and Azerbaijan Medical University. Students were informed about the goals of the incubation program, startup idea formation, team building, and the opportunities offered by the program, and participants' questions were answered. In total, more than 300 students took part in the info sessions and gained knowledge about the startup ecosystem and the development of innovative ideas.
You can also register to join the incubation program: ➡️ https://gub.icenter.az/home