Sunday, June 4, 2023

Azerbaijan develops an ecosystem of start-ups with the support of leading countries in this field

Azerbaijan is developing an ecosystem of start-ups with the support of leading countries in this field, said Vusal Gasimli, executive director of the Center for Analysis of Economic Reforms and Communications, during the graduation day of the “Startup School” project. From the “Enterprise Azerbaijan” portal, AZERTAC reports.

According to him, about 300,000 projects are created every year in the world, of which only 10 percent are successful.

“Establishing a platform for interaction between startups and investors is important, as funding is needed to complete a project. Our Startup School project acts as a platform and we are confident that our startups can take their ideas to the next level. be able to put them into practice.” They said.

Ghaslimi also emphasized that on the startup map, the top positions are occupied by the United Kingdom, China, the United Kingdom, Germany, and Israel.

“The startup ecosystem in Azerbaijan is developed with the support of experts from these countries. Our cooperation with the University of Nevada is an example of this. It is very important for us to develop cooperation with leading universities and research groups. Reflection,” he Explained.

Gasimli also emphasized that Azerbaijan’s economy is quite stable and the country does not need external financing.

“Now we need to bring knowledge and experience to the country, including the startup ecosystem, medicine, education and other important areas. Of course, we have already established such cooperation and intend to strengthen it, said Ghasimli.

Already in September 2021, the Center for Analysis of Economic Reform and Communications and the University of Nevada signed a cooperation agreement. The agreement identifies areas of cooperation such as visiting faculty members, exchange programs, joint research activities, participation in seminars and academic meetings, exchange of scientific material and other information, and short-term academic programs.

The company “Enterprise Azerbaijan” registered 200 startup projects within the framework of the Startup School project from February to March this year. Up to 33 have made it to the final of 200 projects, which will be developed with the support of Azerbaijani experts as well as mentors from the US, Turkey, Israel and other leading countries.

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