“ASAN Service” at the “Take Off Istanbul 2025” Startup Summit

On December 10–11, 2025, a delegation from the Innovation Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan participated in the international “Take Off Istanbul 2025” startup summit held in Istanbul, Turkey.

At the event, where “ASAN Service” is a partner, Azerbaijan was represented with its national stand. The stand showcased the Innovation Center, ASAN AI Hub, resident startups of the INNOLAND Incubation and Acceleration Center, as well as promising local startups representing the innovation ecosystem, including Enverson AI, Convitsa, Polygraf AI, Speakday, IOMETE, Qmeter, Tryverse, and StarKidStories.

During the two-day summit, the Azerbaijan stand was visited by Selcuk Bayraktar, Technical Director of Baykar, İrem Bayraktar Aksakal, Director of the Take Off Girişim Summit, as well as investors and other key participants of the innovation ecosystem. The startups’ activities were closely reviewed, and potential collaboration opportunities were discussed.

On the second day of the event, Vusal Rustamov, Director of the Innovation Center, spoke at a panel discussion on “Regional Startup Ecosystem: Azerbaijan, Bangladesh, Turkey” held within the framework of “Take Off Istanbul 2025.”

This year, the “Take Off Istanbul” summit brought together more than 500 startups from 40 countries, over 250 investors, 75 stakeholders, and 11 sponsoring organizations.

The summit is organized within the framework of TEKNOFEST, initiated by the T3 Foundation, the Ministry of Industry and Technology of the Republic of Turkey, and the Investment and Finance Office of the Presidential Administration. It functions as one of the region’s largest innovation and startup platforms, creating a favorable and barrier-free environment for innovation by bringing together entrepreneurs, mentors, venture capital representatives, and companies.

The winning teams of the “EESTech Challenge Baku’25” competition will represent our country at the international final!

The “EESTech Challenge Baku’25” was organized by EESTEC JLC Baku, with the support of the “INNOLAND” Incubation and Acceleration Center, the “STEAM Azerbaijan” project, and the “Bir Könüllü” Student Cooperation Public Union.

The main purpose of the competition is to promote innovative thinking and technical approaches to solving real-world problems among students studying engineering and seeking to enhance their knowledge and skills in this field.

The competition received more than 100 applications, from which 10 teams — a total of 30 participants — were selected. They demonstrated their knowledge and skills in creatively solving various technological challenges. As a result, the team “AirVive” took first place, and the team “Montyorlar” took second place.

The winning teams will represent Azerbaijan at the international final of the “EESTech Challenge”, to be held on May 13–16, 2025, in Trieste, Italy.

It should be noted that the “EESTech Challenge” is an international competition held in various cities across Europe and aims to foster the development of engineering and innovation among young technology enthusiasts.

Meeting on “Special Regulatory Regime” for Fintech Startups Held

A meeting on the “Special Regulatory Regime,” which is of significant importance for the fintech ecosystem, was successfully held with the joint organization of the Central Bank of the Republic of Azerbaijan and the INNOLAND Incubation and Acceleration Center.

During the presentation, detailed information was provided on the purpose of the special regulatory regime, evaluation criteria for applications, and the pilot process, followed by extensive discussions in this direction. The session was both informative and practically useful for startups operating in the fintech sector.

Speakers:
• Sahib Hasanov– Head of Department, Central Bank of the Republic of Azerbaijan
• Vagif Guliyev– Senior Specialist, Central Bank of the Republic of Azerbaijan

The meeting included extensive discussions on existing opportunities for the fintech ecosystem, regulatory requirements, innovation regulation, and future cooperation prospects. A Q&A session was also organized for participants, during which current issues in the field were explained in detail.