Baku, Azerbaijan, Dec. 20
By Huseyn Valiyev - Trend:
Azerbaijani engineers have developed a device that allows reducing energy consumption by three times, founder of the Technovate incubation center Farid Ismayilzade told Trend Dec. 20.
He said that this startup project, called Watt Buster, has attracted funding worth 15,000 manats.
“The funds will be directed to improvement of the device, and after that, it will be patented,” Ismayilzade said.
In addition to this project, two more innovative projects - Spinal and Woooz - are being implemented at the incubation center, he noted.
“The Spinal project is already at the stage of fundraising, meetings with foreign and local investors are held,” he added. “As for Woooz (a mobile dating app), technical work has already begun and its launch is expected in March-April next year.”