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Azerbaijan is planning to create equipment sharing model based startup - SMBDA

Economy Materials 28 April 2022 12:11
Azerbaijan is planning to create equipment sharing model based startup - SMBDA
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, April 28. A start-up center that will operate on the basis of the Equipment sharing model, the first one in the CIS, is planned to be created in Azerbaijan, Orkhan Mammadov, board chairman of the Azerbaijani Small and Medium Business Development Agency (SMBDA), said, Trend reports.

Mammadov made the remark at a conference on "Digital Entrepreneurship and Promising Opportunities" on April 28 in Baku.

According to him, the startups will share various technological equipment, servers and network systems.

“Moreover, this model will allow the startups to host and test the most efficient manufacturing processes for small and medium businesses and apply them in their enterprises,” the agency’s official noted.

“In the coming years, new solutions will be introduced for remote building, business management and support for small and medium businesses’ getting access to foreign markets, as well as for increasing the number of micro-business entities through potential foreign investors," Mammadov said.

It’s also planned to attract foreign IT specialists to Azerbaijan, he added.

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