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.
The “Demo Day” event of the IV “TUSI” incubation program, implemented by the “Innovation Center” of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan, within the framework of the “Skills for the Future” project, has been held.
The objective is to strengthen human capital in the field of innovation and promote innovative activities in education. At the same time, creating conditions for the development of students’ innovative ideas and directing them toward invention and startup activities are among the key priorities.
The event was attended by Ulvi Mehdiyev, Chairman of the State Agency; Firudin Gurbanov, Deputy Minister of Science and Education; Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency; Bakhtiyar Aslanbayli, Vice President for Communications and External Affairs for the Caspian Region at bp; as well as rectors of higher education institutions in the country.
Within the framework of the event, a Memorandum of Understanding on “Cooperation in the Formation and Development of an Innovation Environment in Universities” was signed between the State Agency and newly joined institutions — Azerbaijan Medical University, Azerbaijan State Pedagogical University, and the Academy of the State Customs Committee.
Afterwards, the guests ознакомились with the projects of the startup teams.
During the event, speeches by officials were delivered, and a video highlighting the work carried out within the project was presented.
Sixteen startup teams that successfully completed the IV “TUSI” incubation program presented their projects. Based on the jury’s evaluation, the top three projects were granted the opportunity to become residents of the INNOLAND Incubation and Acceleration Center. The first-place winner also earned the right to participate in the “Take Off Istanbul” startup summit.
Detailed information was provided about the upcoming V “TUSI” incubation program. Through intensive training covering 10 main topics and 34 sub-modules, the program offers participants extensive opportunities for building startups, systematically developing ideas, and integrating into the innovation ecosystem.
Since 2021, cooperation has been established with 15 higher education institutions within the framework of the project; more than 300 startup ideas have been submitted by over 3,000 students. With the support of more than 130 trained university mentors, 29 startup teams have been formed and have presented their projects at “Demo Day” events.
To date, four startups formed within the “Skills for the Future” project have attracted a total of 310,000 AZN in investment.
“ASAN Service” to organize the next Digital Game Camp
The “DIGIAGE – Baku 2025” Digital Game Camp will be held at the “INNOLAND” Incubation and Acceleration Center under the organization of the Innovation Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan.
The main goal of the camp is to create opportunities for talented young people to develop their own games with the support of professional mentors and to promote their projects. Another key objective is to help participants gain experience in entering global markets and support their new initiatives.
The “DIGIAGE” camp, which will be organized for the tenth time worldwide and for the third time in Azerbaijan, aims to provide mentoring support to individual participants, teams, and companies interested in developing in the gaming sector. It will also create opportunities to expand the ecosystem through investments.
Over the past two years (2023–2024), a total of 442 applications have been received for the camp, with 192 participants selected to take part.
Those wishing to participate in “DIGIAGE – Baku 2025” can register until October 24, 2025.
🔗 Registration link: https://forms.gle/aVtVRL7Ah966Yrm18
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