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.

In Ganja, at the Azerbaijan University of Technology, startup enthusiasts came together at the “Innostart” panel. During the panel, Nicat Əmiraslanov, Director of the "INNOLAND" Incubation and Acceleration Center, shared insightful thoughts on innovation and startup development opportunities.

At the end, young participants’ ideas were heard, followed by open and engaging discussions.

To enhance the knowledge and skills of the employees of the Lankaran Regional “ASAN Service” Center, a three-day training program was conducted by Nicat Amiraslanov, Head of the “INNOLAND” department of the Innovation Center, and Nofel Aliyev, Senior Public Relations Specialist of the center.

During the training, participants were provided with both theoretical and practical knowledge on the following topics:

• What is an idea and methods of idea generation

• The concept of startups and the first steps to create one

• Effective presentation skills

• Ways and benefits of using artificial intelligence tools

The training was organized with an interactive approach. Participants worked in groups, engaged in teamwork, completed tasks based on real-life scenarios, and reinforced their learning through interactive games.