Baku Business Factory celebrates 2nd anniversary (PHOTO)

Baku Business Factory celebrates 2nd anniversary (PHOTO)

Today, Baku Business Factory (BBF) celebrates the 2nd anniversary of establishment.

The BBF Director Alovsat Muslumov said that the company by supporting the business initiatives of young people, tried to make its contribution to development of the ecosystem during two years through close cooperation with start-ups, freelancers and other enterprises of ecosystem.

Generally, BBF has received about 800 appeals within two years. The projects and freelancers, which have been selected among the appeals, have got support to build and develop their businesses using BBF services.

Currently, nearly 70 persons, including 20 projects benefit from services of the company. Fifteen projects have already been commercialized, one is carrying out works on export of its services and products. Five projects are under preparation. In general, about 30 startups have taken benefits of the company's services so far.

Within two years, various training services on office co-working and office equipment, mentoring and business have been rendered to the projects selected by BBF. Besides these services, other companies of the same sector have also been cooperated with and various projects launched.

Alovsat Muslumov said that as in the first year of establishment, Baku Business Factory in the second year of its operation has attached special importance to support of steps taken by President of Azerbaijan Ilham Aliyev towards diversification of national economy. That’s why Baku Business Factory pays a special attention to diversification of selected business projects. As a result, 20 projects covering all four major economic sectors, namely manufacturing, services, trade and agriculture as well as 14 different types of business activities now benefit from BBF services.

In second year of its activity, Baku Business Factory took serious steps to gain access for start-ups to international market. The BBF founder Anar Alizade touched upon the topic in his personal blog. According to him, development of international relations aimed at finding support for access of start-ups of the center to world market, and holding international exchange of experience is one of BBF’s priorities. Memorandums of understanding with two international companies have been signed, for this purpose were held preliminary meetings aimed at cooperation with more than 10 foreign missions and companies.

BBF Director noted that if to have a look on separately taken projects, one can see that there are many start-ups in the center that can be regarded as quite successful.

Among supported projects, MrBee produces high quality honey in the country and handles its sale online, at the same time carrying out honey exports. Keepface renders influencer marketing services on social networks by combining celebrities and advertisers on its web platform. Obanatur offers cost-effective method for delivery of healthy food all over the country. is a well-known banking portal in the country.

Qyizmindup’s perfect test and recruitment platform have already found customers in various countries of the world. is an indispensable resource for loan seekers. BrandCream team has already proved itself in the field of design. A solution offered by Eventwex for issue and sale of tickets is competitive with leading companies in this field. Invex Team together with its engineers paves the way for the future. Also each of other startups accommodated in the center alike managed to advance their businesses as a result of close cooperation with BBF in a year.

Notably, Baku Business Factory was established by Azerbaijani businessman, founder of group of companies Union Grand Energy PTE, Anar Alizade. The main purpose of Baku Business Factory is to support young people with promising business ideas with the potential of positive impact on social and economic life of the country at the initial phase of the project and create conditions for rapid implementation of these projects and to make them sustainable.

Subscribe to Trend in Google News! Subscribe
Kazakhstan boosts crude oil exports to Turkey
Kazakhstan boosts crude oil exports to Turkey
Kazakhstan increases trade with Turkey over 9M2021
Kazakhstan increases trade with Turkey over 9M2021
Cargo transportation via internal waters up in Kazakhstan
Cargo transportation via internal waters up in Kazakhstan
Loading Bars
At least three students dead in Michigan school shooting, suspect in custody
Canada to ban travelers from Nigeria, Malawi, Egypt over Omicron concerns
Uzbekistan reveals leading regions in amount of loans issued in 9M2021
Head of EU delegation expresses condolences to Azerbaijan over military helicopter crash
Italian Embassy expresses condolences to Azerbaijan over military helicopter crash
Georgian economy grows 6.9% in October 2021
Turkish President to pay visit to Qatar in December
Capacity of crashed military helicopter of Azerbaijan's State Security Service was 24 people
Manual counting of 29% of protocols show that 7 parties may enter Kyrgyz Parliament
AZAL plane makes emergency landing in Baku
Pakistan seeking to increase trade routes on border with Iran
UN Resident Coordinator expresses condolences over military helicopter crash in Azerbaijan
Any outside influence as cause of helicopter crash out of question - head of Azerbaijani State Border Service
Coordination Headquarters holds another meeting in Azerbaijan (PHOTO)
Azerbaijan's First Deputy Prosecutor General talks investigation, following helicopter crash
Former Turkish PM expresses condolences over helicopter crash in Azerbaijan
French ambassador expresses condolences over crash of military helicopter in Azerbaijan
UK's Ambassador expresses condolences over crash of military helicopter in Azerbaijan
Organization of Turkic States expresses condolences to Azerbaijan due to helicopter crash
Israeli ambassador expresses condolences to Azerbaijan over helicopter crash
Iranian Foreign Ministry expresses condolences to Azerbaijan over helicopter crash
Helicopter crashed while landing at Garaheybat training center – Azerbaijani State Border Service
Status of martyr to be assigned to those killed in plane crash in Azerbaijan (VIDEO)
Turkish President Erdogan holds phone talks with President Ilham Aliyev
President Ilham Aliyev, First Lady Mehriban Aliyeva give instructions on burial of those killed in helicopter crash
Witnesses of helicopter crash being questioned in Azerbaijan – First Deputy Prosecutor General
Turkish Minister of National Defense expresses condolences to Azerbaijani Defense Minister
Flight recorder of crashed military helicopter found in Azerbaijan
Pakistani companies may partake in restoration of Azerbaijan's liberated territories (PHOTO)
Iran looks to boost its energy trade through Economic Cooperation Organization
Iran's ties with Economic Cooperation Organization to boost country's cargo transit
Azerbaijan excludes any outside interference following deadly helicopter crash
IRENEX shares data on sales of Iranol Oil Company
Gas swap agreement is mutually beneficial for Azerbaijan, Iran and Turkmenistan - experts
ICIEC Signs MOU with Japan's Nippon Export and Investment Insurance (NEXI)
Israel's Bezeq Q3 profit up, raises full year outlook
Iran seeks to boost trade ties with Turkmenistan
Pakistan expects $3 billion reserves deposit from Saudi in days
Iran eyes to commission 12 new metro stations in Tehran
Oxford University says no evidence yet that vaccines won't protect against severe disease from Omicron
SOCAR’s STAR Refinery reduces crude oil imports
Iran remains optimistic about Vienna nuclear talks
FMs of Azerbaijan, Turkey hold phone talk
Turkmenistan's crude oil supplies to Turkey down
Azerbaijan's oil export volume down in 10M2021
Footage from crash scene of military helicopter of Azerbaijan’s State Fire Service (PHOTO/VIDEO)
U.S. Int'l Development Finance Corporation provides financing to Bank of Georgia for SMEs support
Kazakhstan boosts crude oil exports to Turkey
Iran's president to speak before parliament
Kazakhstan increases trade with Turkey over 9M2021
Use of Sputnik Light as booster jab for all vaccines approved in UAE
Cargo transportation via internal waters up in Kazakhstan
Central Bank of Azerbaijan reveals amount of sold foreign currency
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,678 more COVID-19 cases, 1,934 recoveries
Azerbaijan opens criminal case on crash of military helicopter of State Border Service
Iran extends condolences to Azerbaijan over military helicopter crash
Turkey talks ongoing support in demining Azerbaijan's liberated lands
Azerbaijan reveals names of dead and wounded in military helicopter crash
Iran beats sets new domestic record regarding transit of goods
President Ilham Aliyev and First Lady Mehriban Aliyeva express condolences to families of those killed in crash of military helicopter of State Border Service
Georgian, Ukrainian, and Moldovan PMs hold meeting in Brussels
Alliance Logistics talks potential of Zangazur corridor in increasing goods transit via Azerbaijan
Uzbek Statistics Committee reveals amount of construction work done for 10M2021
Volume of gas transportation to Turkey via TANAP disclosed
Several Azerbaijani organizations address citizens on omicron coronavirus variant
It is important to cooperate with such partners as Azerbaijan - Head of EU Delegation
Iran reveals COVID-19 data for November 30
Kazakhstan’s oil-producing company to buy batteries via tender
Azerbaijan unveils numbers of mine incidents due to illegal entry into liberated lands
Turkish MoD expresses condolences to Azerbaijan on military helicopter crash victims
Russia, Italy discuss situation in South Caucasus
Georgian Government to co-op with private sector – Business Association
UK health chief says no indication of Omicron wave so far
SOCAR Turkey forecasts growth in its total revenues for 2021
Webinar conference held for youth from Central Asia (PHOTO)
Export prices of Georgian apples increase
Azerbaijani State Customs Committee comments on alleged reduction of $300 limit for orders from abroad
Kazakhstan sees increase in pension savings
Volume of loans issued by private banks of Uzbekistan increases over year
Iran shares import data
Money transfers via Kazakhstan National Bank's payment systems down
Iran increases sale of state assets
Nepal unveils first shock table facility built with Indian aid
Non-OPEC crude oil supply to continue upward trend by 2023
Iran eyes manufacturing goods in Syria, exporting final products to third countries
Azerbaijan to launch social package in 2022 – minister
UAE's ADNOC to supply full crude volumes to Asia buyers in Feb
Azerbaijani president signs order to erect monument to famous poet in Baku
President Ilham Aliyev receives Pakistani Defense Production Minister (VIDEO)
Azerbaijan repairs Shaki ferry ship at Zigh Ship Repair and Construction Yard
Azerbaijan reveals electricity generated by power plants in October 2021
Kazakhstan's banks increase lending over 10M2021
Azerbaijan to develop single mobile app for various types of insurance – Central Bank
AZAL discloses reason for Baku-Nakhchivan flight delay
Georgia’s potato exports to Central Asia up
Russia records 32,648 new daily coronavirus cases, lowest number since Oct 15
Uzbekistan shares data on loan portfolio of its banks in 10M2021
Iran eyes increase in value of exports – IRICA
Georgia’s hazelnut exports continue to increase
All news