BAKU, Azerbaijan, April 28. As many as 200 startup projects within the framework of the Startup School project have been registered by the Enterprise Azerbaijan state portal, Matanat Musayeva, head of the Enterprise Azerbaijan portal of the Center for Analysis of Economic Reforms and Communications told Trend.
According to Musayeva, there were around 50 registered projects only in February.
The projects were presented by citizens aged between 13 and 50 years. The selection of projects was implemented mainly by Azerbaijani experts. The first stage of selection passed 70 out of 200 projects, then the final passed 33 projects from this number.
Musayeva noted that startups will also develop these projects with mentors from the US, Türkiye, Israel and other leading countries along with Azerbaijani experts in the future.
"We expect that the projects of startups that have passed the finals will be implemented from an idea into a business, brought into line with international standards and presented to investors. Our Enterprise Azerbaijan portal will provide startups with all the necessary support in entering foreign markets. Moreover, our main goal is to present the project to potential investors for its financing and access to global markets," the head of the portal said.
Enterprise Azerbaijan, operated by the Center for Analysis of Economic Reforms and Communication, was established on September 19, 2018, following the order of the President of the Republic of Azerbaijan Ilham Aliyev "On additional measures to support competitive local production in the non-oil sector".
The purpose of the EnterpriseAzerbaijan.com portal is to increase the investment attractiveness of the country and increase access to alternative sources of financing for economic development.