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Azerbaijan's new ecosystem to increase investments in local start-up projects

ICT Materials 31 March 2021 16:45 (UTC +04:00)
Azerbaijan's new ecosystem to increase investments in local start-up projects

BAKU, Azerbaijan, Mar.31

By Sadraddin Aghjayev - Trend:

The process of creation and development of the startup ecosystem in Azerbaijan is proceeding at a rapid pace, the country’s Innovation Center told Trend.

As the center noted, in order to stimulate and develop the country's start-ups and innovative enterprises, as well as to ensure effective coordination, expand support measures for ecosystem players and investment opportunities in local start-up projects, the INNOLAND incubation and acceleration center hosted a ceremony of signing a collective agreement on the creation of INNOKLUB.

The main participants in the INNOKLUB ecosystem are such organizations as the Innovation Center, NextStep, ‘Yeni Fikir’, Lutfi Zade Technology Center, New Space, Azericard, Tech.az, Technovate and Pasha Holding.

The Innovation Center also said that the regional director of 500 Startups, Arianna Dilts, highly appreciated the efforts of the meeting participants in the development of innovative technological entrepreneurship and wished them success in the future activities of the club.

"The Innovation Center will coordinate the activities of the INNOKLUB participants and the functions of the secretariat," the center said.

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