Innoland | The 5th TUSI (Student Startup Incubation Program) at the Academy of the State Customs Committee

Incubation

We are supporting startups at early stages of their formation and developing, by using international experience of our mentors.

Hadoop user group meeting to be held in Azerbaijan

On March 10, 2019, the INNOLAND Incubation and Acceleration Center together with the Tech Academy will hold a meeting of the Hadoop user group in Azerbaijan.

Participation in the discussion of well-known foreign and local experts will focus on the application of Big Data Technologies, stages of Data Analytics and many other important issues.

Speakers of the event will be Abzetdin Adamov, Head of Data Analytics Center ADA University, Zekeriya Beşiroglu, Big Data Analyst at KOMTAŞ Information Management Center in Turkey, the Head of the Oracle Users Group and the winner of the “Oracle ACE Director” award.

"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.

The seed round investment made into the Nextsale and Whelp startups

In "INNOLAND" Incubation and Acceleration Center the seed round investment made into the "Nextsale" and "Whelp" startups, participants of the winter acceleration program of the SUP "Startap Accelerator.

The investment in these startups was implemented jointly by the "Azfinans" Investment Company, the "Next Step" Innovation Center and Khazar Ventures.

An online platform in the financial field that provides additional features based on customer data analysis

https://onepoint.az

AI-based business messenger to connect with customers everywhere: live chat, phone, email, and social

https://getwhelp.com/

Botbox is a platform for small and medium-sized businesses to seamlessly assist customers and automate business processes through the most popular messaging apps.

https://www.botboxpro.com/

Other news

Within the framework of the “Startup, Innovation and Support” program, a project of the “OBA” supermarket chain, the Innovation Solutions Marathon has been launched.

The opening event of the marathon’s first week took place in the building of the INNOLAND Incubation and Acceleration Center with its support. The event brought together participating teams, mentors, and project managers.

First, the program’s roadmap was presented, followed by “SpeedDate” format meetings with mentors.

Continuing the event, the head of the INNOLAND Incubation and Acceleration Center, Nicat Amiraslanov, conducted the program’s first training session on the topic “Idea Generation, Innovation, and Creativity.”

As part of the "Skills for the Future" project, a meeting was held with the "Enactus" teams of Baku Higher Oil School (BHOS)

As part of the "Skills for the Future" project, a meeting was held with the "Enactus" teams of Baku Higher Oil School (BHOS).

During the meeting, startup projects including those from participants of the 5th "TUSI" Incubation Program were presented, followed by an exchange of ideas. The youth's proposals were heard and discussed, and valuable recommendations and advice for their development were provided.

We continue our activities to support, mentor, and properly guide these ideas into successful projects.

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?