The opening ceremony of the SID project, implemented under the slogan “Your idea is supported” with the support of the INNOLAND Incubation and Acceleration Center, has been held.

The SID project not only promotes the development of creative initiatives but also contributes to optimizing operations at OBA, implementing innovative solutions, and overall diversifying Azerbaijan’s startup ecosystem.

The opening ceremony was attended by senior representatives of Veysəloğlu Group of Companies and the Director of the Innovation Center under the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan, Vusal Rustamov.

Speaking about the project, Vusal Rustamov stated that the Innovation Center is ready to share its resources in order to create an effective incubation environment for the 33 selected startups. He emphasized that this cooperation is a bright example of public-private partnership and highly appreciated OBA’s initiative.

It should be noted that a total of 183 teams applied for the project, and 33 of the most promising teams were selected for the next stage.

Within the framework of the project, a total prize fund of 10,000 AZN has been allocated.

From June 13 to 15, 2025, with the support of the Ministry of Youth and Sports of the Republic of Azerbaijan, the Youth Foundation, the Azerbaijan Student and Youth Organizations Union (ATGTI), and organized by Enactus Azerbaijan, the “Enactus Champions League Simulation Camp” was held.

As part of this special program aimed at developing young leaders, participants gained both theoretical knowledge and practical skills, taking another step closer to the world of entrepreneurship.

During the camp, participants took part in various training sessions and workshops on entrepreneurship, innovation, and project management, held with the support of the “Innovation Center.” Among the speakers were: Director of the INNOLAND Incubation and Acceleration Center, Nijat Amiraslanov, who delivered sessions on “Entrepreneurship and Innovation,” “Introduction to Social Entrepreneurship,” and “Presentation and Communication”; ASAN Innovative Development Center trainer, Nofal Aliyev, who presented the topic “Artificial Intelligence Tools in Startup Development”; and Deputy Head of the Project Management Department, Ziniddin Babayev, who conducted training on “Project Management and Strategy.” Through these sessions, participants not only gained up-to-date knowledge but also developed teamwork and strategic thinking skills.

Later, the simulation of the semifinal and final stages of the “Enactus National Competition” took place. Teams presented their projects, showcasing their knowledge and skills in a competitive environment.

Based on the simulation results, the winning teams were:
1st place – Azerbaijan Medical University
2nd place – Baku State University
3rd place – Lankaran State University

Congratulations to all the teams! We wish you continued success!

On March 17, memorandum of understanding signed between "Innovations Center" LLC (INNOLAND), which is subordinate to the State Agency for Citizens Service and Social Innovations under the President of The Republic of Azerbaijan, and “Yeni Fikir” LLC. The purpose of the Memorandum is to support entrepreneurship ecosystems for technological startups in our country and in the regions of Azerbaijan and to implement a high-level partnership that serves the needs of emerging (or other) technology entrepreneurs.

The document, along with the formation and development of technology entrepreneurship, also reflects cooperation issues related to the strengthening of business initiatives. Thus, the content of the Memorandum reflects the factors that are being estimated for the establishment and development of innovation ecosystems in our country, as well as business initiatives.

"Innovations Center" LLC (INNOLAND) cooperates with local and international organizations in accordance with the strategy of the development of innovation ecosystem in our country and in the region, as well as for the development of technology entrepreneurship (startups). As one of such organizations, "Yeni Fikir" LLC is one of the companies operating in the intellectual sector in Azerbaijan and having a specific role in the formation of startup culture.

Thus, the "Yeni Fikir" startup competition, which was held for the sixth time this year, is being implemented by "Yeni Fikir" LLC, sponsored by BP, the Baku Engineering University. The company "Yeni Fikir" cooperates with "Innovations Center" LLC (INNOLAND) in organizing the same startup competition. Five startup projects that will win the competition.

The development of five startup projects that will win the competition will also be supported at the Innoland Incubation and Acceleration Center.