"INNOLAND" and "Yeni Fikir" have signed a memorandum of cooperation
11 April, 2019

"INNOLAND" and "Yeni Fikir" have signed a memorandum of cooperation

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.

 

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The Final Stage of the “HER IT Journey 3” Project Successfully Concluded with the Support of INNOLAND

The Final Stage of the “HER IT Journey 3” Project Successfully Concluded with the Support of INNOLAND

On June 24, 2025, the official final event of the “HER IT Journey 3” project was held with the support of the INNOLAND Incubation and Acceleration Center and implemented by “SAFAVY” LLC, a resident startup of the center.

Between March 15 and June 15, within the scope of the project, 20 female participants selected from various regions of Azerbaijan received hybrid-format training on “Digital Marketing and Branding,” “Graphic Design,” and soft skills. Throughout the program, participants also had the opportunity to meet renowned experts in the field and exchange experiences.

The “HER IT Journey” initiative aims to further develop the digital skills of women living in regions, belonging to socially vulnerable groups, or engaged in entrepreneurship, and to integrate them more actively into the ICT sector.

It should be noted that “SAFAVY” LLC has been operating for over four years as the first local educational platform awarded with a Startup Certificate in the country. The “HER IT Journey” project is one of the company’s consistent and impactful social initiatives promoting active participation of women in technology. PAŞA Holding’s financial support has made a significant contribution to the project’s implementation.

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Have you heard startups say, “we’re already in the acceleration stage”?

Have you heard startups say, “we’re already in the acceleration stage”? 
But what does acceleration mean?

Acceleration is the phase where startups that have tested their idea and are ready to grow gain speed.

At this stage, teams:
meet with investors
strengthen market strategies
refine sales and marketing plans
focus on realistic goals with mentor support

In simple terms, acceleration is the moment when a startup is not just starting, but preparing to grow. 

What do you think is the most important factor for a startup at this stage — mentorship, market strategy, or investor support?

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Memorandum was signed between "INNOLAND", "Next Step" and "SUP Akselerator"

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.

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