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.
INNOLAND resident "Enverson AI" has been awarded the “Dayaq” Prize!
With the support of the Ministry of Economy and organized by the Small and Medium Business Development Agency, the award ceremony for the “Dayaq” Prize was held under the motto “Strength Belongs to Business.” The most active entrepreneurs in various sectors of the economy for 2025 were recognized. The event included speeches by officials, a panel discussion on “2026: The Challenge of SMEs”, and the presentation of “Dayaq” prizes to 17 successful entrepreneurial entities in 2025. Among the awarded startups, "Enverson AI," a resident of the INNOLAND Incubation and Acceleration Center, was honored.
The aim of the “Dayaq” Prize is to widely recognize the achievements of entrepreneurs who are the backbone of the economy, promote business thinking, and further strengthen cooperation between the public and private sectors.
We congratulate the Enverson AI team and wish them even greater success!
With the support of the Innovation and Digital Development Agency (IRIA) and organized by SUP VC, a panel discussion titled INNOSTART on the topic “Support for Azerbaijani Startups” was held at Nakhchivan State University.
The panel featured Nijat Amiraslanov, Head of the “INNOLAND” Incubation and Acceleration Center, Mubariz Shahbazli, Director of the UNEC Incubation Center, and Huseyn Asgarli, Head of the IT Department of NSU, as speakers. The main purpose of the panel was to familiarize young people in the region with innovation and startup opportunities and to encourage them to engage in this field. During the panel, there was a broad exchange of views on state support mechanisms for startups, investment opportunities, and the innovation environment
January 8, 2019, the presentation of the Acceleration of Startups in Agricultural Technologies program, which will be implemented by the INNOLAND Incubation and Acceleration Center of the State Agency for Citizen Services and Social Innovations under the President of Azerbaijan, with the support of the Ministry of Agriculture of Azerbaijan.
The event was addressed by the Advisor to the Minister of Agriculture of Azerbaijan on innovations Shabnam Mamedova, who noted in her speech that the use of innovations in the agricultural sector had already begun. Among the activities, the Acceleration program will be implemented during the first this year. The program applications has already been announced, which will last until January 20.
At the same time, Sh. Mamedova stressed that support is also provided for start-ups whose technologies and innovations can be applied in other areas.
The event discussed prospects for cooperation between the parties. It was also proposed to conduct incentive and stimulating activities for owners of ideas in the field of agriculture.
Note that INNOLAND is an incubation, acceleration and research center created for the development of the private sector in Azerbaijan, as well as outside, to encourage innovation and expand the startup movement. INNOLAND consists of a coworking center, incubation, acceleration, and the IT Training and Education Center.