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.

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.

A “Youth Camp” has been organized for the children of martyrs.

Within the framework of the project, the INNOLAND Incubation and Acceleration Center conducted a series of educational and practical sessions for children of martyrs aged 7–23.

During the “Urban Planning Creativity” activity, teams used the provided materials to design and present innovative city models. Trainings on innovation and idea generation were also organized. Participants joined interactive sessions on the concept of startups, idea development, and presentation skills.

Throughout the program, young participants enhanced their creative thinking, problem-solving, and effective idea presentation skills.

The project was organized by the YAŞAT Fondu and the Ministry of Youth and Sports of the Republic of Azerbaijan, with the support of the Goranboy District Executive Authority, the ASAN Könüllüləri Təşkilatı, the INNOLAND İnkubasiya və Akselerasiya Mərkəzi, the Baku Psychology Center, and the Azerbaijan Human Resources Association.

The “Youth Camp” is regarded as an important platform for unlocking young people’s potential and positively guiding their future educational and career choices.