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MoU on co-op for innovation and startup ecosystems dev't signed in Azerbaijan (PHOTO)

Economy Materials 30 November 2023 13:11 (UTC +04:00)
MoU on co-op for innovation and startup ecosystems dev't signed in Azerbaijan (PHOTO)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 30. "PASHA Holding," SOCAR, SABAH.lab, the Center for Analysis and Coordination of the IV Industrial Revolution (4SIM), and the Education Development Fund under the Ministry of Science and Education signed a memorandum of understanding on cooperation for the development of innovation and startup ecosystems in Azerbaijan, Trend reports.

The memorandum was signed by Head of Innovation Department of PASHA Holding Farrukh Aliyev, SOCAR Vice President Kanan Najafov, Chairman of the Board of the Innovation and Digital Development Agency Inara Valiyeva, Executive Director of the Center for Analysis and Coordination of the IV Industrial Revolution (4sim) under the Ministry of Economy Fariz Jafarov, and Chairman of the Education Development Fund under the Ministry of Science and Education Elnur Nasibov.

According to the document, the parties will cooperate in holding events to develop the innovation and startup ecosystem, implementing projects, organizing incubation programs for the development of startups at the initial idea stage.

In addition, an agreement was reached on holding programs for startups to enter the global market and acceleration, conducting trainings on "Entry into Entrepreneurship" for students wishing to step into the corporate environment in educational institutions and better understand the basic elements of business, as well as the "Baku Investment Day" ("Baku ID") event to promote the ecosystem of innovations and startups.

The signing ceremony, organized by the Center for Analysis and Coordination of the IV Industrial Revolution (4sim), was attended by Minister of Science and Education Emin Amrullayev, Minister of Digital Development and Transport Rashad Nabiyev, SOCAR President Rovshan Najaf, First Deputy Minister of Economy Elnur Aliyev and CEO of Pasha Holding Jalal Gasimov.

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