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.
An information tour to INNOLAND and the Bilim Bakı Center was organized for ADA School students.
As part of the program, students from Grades 7, 8, and 9 of ADA School first visited the INNOLAND Incubation and Acceleration Center, where they learned about the startup ecosystem, innovative projects, and the activities of resident startups, while also gaining first-hand insight into a real innovation environment.
The students then explored the Bilim Bakı Center, learning about its areas of activity, laboratories, and technological capabilities.
The program concluded with a training session on Game Development led by Şamil Namazov, founder of Neecro Projects game studio. During the session, students gained practical insights into the opportunities within the game development industry and the first steps toward building a career in this field.
A memorandum was signed between “Youth Inc.” and "INNOLAND" Incubation and Acceleration Center.
The memorandum was signed by the coordinator of the Entrepreneurial Program “Youth Inc.” Zaur Unsizade and the director of the “INNOLAND” Mamed Karim.
The memorandum is intended for mutual exchange and development of educational and practical methods of both centers.
Along with the exchange of experience and talents, joint demo-tours and training will be organized.
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