25 March, 2019

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.

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30 avqust tarixində "INNOLAND" İnkubasiya və Akselerasiya Mərkəzində "Demo Day" təşkil olunub

30 avqust tarixində "INNOLAND" İnkubasiya və Akselerasiya Mərkəzində "Nextstep" İnnovasiya Mərkəzinin tərəfdaşlığı, Asiya İnkişaf Bankının Asiya Regional İqtisadi Əməkdaşlıq Proqramının (CAREC) dəstəyi ilə Azərbaycan, Qazaxıstan və Özbəkistanda fəaliyyət göstərən startapçılar üçün "Demo Day" təşkil olunub.

Məqsəd investorlarla potensial startapları bir araya gətirərmək, innovasiya ekosisteminə inteqrasiyanı, yerli və regional startaplara sərmayə yatırmalarını təşkil etməkdir.

Hər birində 3 gün olmaqla Qazaxıstan, Özbəkistan və Azərbaycanda baş tutan butkampların yekunu olaraq keçirilən tədbirdə həm yerli, həm də beynəlxalq investorlar, iştirakçılar arasından seçilmiş 5 startap və “INNOLAND"in rezidentləri iştirak ediblər.

Çıxışçılar ekosistem nümayəndələrinə layihələrinin komponentləri, gedişatı və növbəti mərhələləri, zəruri investisiya ehtiyacları barədə məlumat verib və onlarla birgə iş mexanizmləri haqqında müzakirələr aparıblar.

Layihə Koreya Respublikasının “e-Asiya” və “Bilik Tərəfdaşlığı” Fondu tərəfindən maliyyələşdirilib.

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"INNOLAND" is starting a Joint Acceleration Batch in partnership with AzerGold CJSC.

"INNOLAND" Incubation and Acceleration Center of the State Agency for Citizen Services and Social Innovations under the President of Azerbaijan will start a Joint Acceleration Program with AzerGold CJSC. The goal is to bring together the precious metal industry's most emerging startups to stimulate inter-industry innovation, increase the effectiveness of processes and establish a new standard for this industry in Azerbaijan and the region. 

 

The startups eligible for this batch can be focused on:

 

  • optimizing processes

  • enhancing capabilities

  • enhancing skills

  • utilizing leading technologies

 

 within the precious metal industry and provide solutions that can be adapted to the needs of AzerGold CJSC. 

 

Along with innovative solutions for the precious metal industry, startups can offer solutions suitable for AzerGold’s organizational needs including:

  • Mining

  • Industrial

  • Geology

  • HR 

  • Database / Digitalization

  • Legal

  • Finance

  • Ecology

  • HSE, etc

 

 

Criteria 

 

Other than being relevant to AzerGold CJSC’s activities, the selection criteria include:

 

1.Team: Minimum 2 People (No solo founders)

2. Minimum physical full-time presence on-site 1 Team member with good knowledge of English

3. Product: Developed or are developing a minimum viable product (MVP), Proof of concept

4. Market: Identified market and target segments

5. Pitch Deck needed 

6. Qualification and experience in the field of precious metals will be considered as a big advantage

7. Research for export opportunities and readiness to enter new markets

For registration: https://forms.gle/8YqYx6mh6d1J7sXd8

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"INNOLAND" will evaluate the regional applications of the international program

The delegation of Startup Estonia and the “Garage 48” Acceleration Center, established upon the initiative of the Estonian government, got acquainted with the “INNOLAND” Incubation and Acceleration Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan.

Wide information on operating Co-working, Incubation, Acceleration and IT Training, as well as the startups residing within the center, was delivered to the guests.

Then, the Memorandum of Collaboration was signed between parties.

The Memorandum of Cooperation involves the establishment of an entrepreneurial support ecosystem as well as the creation and development of investor opportunities in the relevant regions for local technology startups. Furthermore, it covers the adoption of mutually agreed measures such as an effective exchange of incubation and acceleration programs and exchange of information on the attraction of local and foreign investors and etc.

According to the agreement reached within the memorandum signed with the "Startup Estonia" Center, the initial assessment of the regional applications sent to the “Startup Estonian Visa” program will be implemented in Azerbaijan. Startups applied to the relevant program from the regional countries such as Russia, Georgia, Mongolia, Iran, and Afghanistan will be initially assessed by the “INNOLAND” Incubation and Acceleration Center. Only startups that have successfully completed the initial stage will be able to move to the next stage of the program. This will play a significant role in attracting regional start-ups and projects to our country and increasing the success potential of the startup ecosystem.

The “Startup Estonian Visa” Program was established in 2017 on the joint initiative of the Estonian Startup Committee and the Ministry of Internal Affairs of Estonia. The main goal of the program is to facilitate the entry of successful startups and projects of non-EU countries to Estonia. Thus, successful startups sent their applications to the “Startup Estonian Visa” Program are provided with a special code through which the applicants and their team members may obtain a permit to live up to 5 years in Estonia.

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