Three more enterprises claim for resident status of High Tech Park in Azerbaijan
Baku, Azerbaijan, Oct. 3
By Huseyn Valiyev – Trend:
Three more industrial enterprises applied for the resident status of the High Tech Park of the Azerbaijan National Academy of Sciences (ANAS), Vugar Babayev, director of the High Tech Park, told Trend.
“Those enterprises’ appeal will be considered October 5 as part of the meeting of the Expert Council of the High Tech Park,” he added. “If the appeal is approved, the enterprises will be entitled to develop their activity in the business incubation center.”
“The experimental-industrial plant of the Azerbaijan National Academy of Sciences (ANAS), the ANAS Science and Technology Park, Millers Oils Azerbaijan LLC and Agro Bio Ecotech LLC have already obtained the resident status of the ANAS High Tech Park,” Babayev said.
The procedure for assigning the resident status is not simple. It envisages monitoring of a number of legal issues, namely, approving of the residents' business plan, providing them with a resident status certificate, etc.
The High Tech Park is located in the territory of the ANAS experimental-industrial plant, located in Ahmadli settlement.
The High Tech Park aims at supporting innovative ideas, fully implementing and selling them in the future.
The trainings will be held for participants of the business incubation center. The participants will be able to create prototypes, establish their own business and cooperate with potential customers.