Baku, Azerbaijan, May 4
Guided by calling of Azerbaijani President to representatives of the business elite to direct all their efforts to support economic diversification and development of non-oil sector, the founder and owner of the group of companies Union Grand Energy PTE Anar Alizade has started a new project in Baku - Baku Business Factory (BBF), Anar Alizade said on his personal website.
The main objective of BBF is to provide professional support the youth in the first phase of the projects with creative business ideas, which will have a positive impact on the economic and social development of the country.
"Recently, in our country at the initiative of young people organized a lot of new businesses," Anar Alizade said, speaking about the need to create BBF. "However, most of them can't continue their activity. The reasons can be pointed to the lack of experience in management and marketing, logistics databases, investment, difficulties in organizing the team and other factors."
"In the end, despite the fact that our young people put forward intelligent and creative ideas, these reasons create obstacles to achieve success," said Alizade. "In recent years, under the leadership of President Ilham Aliyev, the government conducts large-scale measures to eliminate the causes of this kind, creating the conditions for successful business organization of the youth, as well as providing them with direct support. As a result of these activities and the implementation of government programs the number of young people organizing a successful business is growing every day."
"Guided by the recent call of the President, directed to the business community to put all efforts on the development of innovative projects in the country, we, as representatives of the business elite have decided to establish BBF in order to support our country in this area, to promote the diversification of the Azerbaijani economy," according to Alizade. "We believe that it is enough to give one chance to any of young Azerbaijanis with an outstanding idea in order to achieve a success. We will try to provide support for the creation of such a chance and give them a successful experience."
BBF activities will be carried out within the framework of two structural divisions.
One of the departments, Startup Lab, will be available for startups taken to the laboratory, depending on the complexity and profitability of the project. During this time, BBF will provide startups with offices and office equipment, free IT services, also to maintain training and business management carried out by local and foreign experts. Exemplary startups, which have proven themselves for a predetermined time, will gain the opportunity to get investment from BBF.
In another department, Co-working center, mainly freelancers (programmers, translators, designers, etc.), of small businesses and projects will be able to use a common room for activities. The appearance of Co-working center differs little from other offices. The main difference is the absence of any dependence from each other of people working here.
Office of the organization is also different in its appearance. In the office, all conditions have been provided for work and leisure, freedom of action for startups, small businesses and freelancers: operating rooms with a distinctive design, meeting rooms, lounge and games room, kitchen, high-speed internet, phone, reception and other equipment required for the office.
For more information about Baku Business Factory, please visit the website: http://bbf.az