Meeting on “Special Regulatory Regime” for Fintech Startups Held

A meeting on the “Special Regulatory Regime,” which is of significant importance for the fintech ecosystem, was successfully held with the joint organization of the Central Bank of the Republic of Azerbaijan and the INNOLAND Incubation and Acceleration Center.

During the presentation, detailed information was provided on the purpose of the special regulatory regime, evaluation criteria for applications, and the pilot process, followed by extensive discussions in this direction. The session was both informative and practically useful for startups operating in the fintech sector.

Speakers:
• Sahib Hasanov– Head of Department, Central Bank of the Republic of Azerbaijan
• Vagif Guliyev– Senior Specialist, Central Bank of the Republic of Azerbaijan

The meeting included extensive discussions on existing opportunities for the fintech ecosystem, regulatory requirements, innovation regulation, and future cooperation prospects. A Q&A session was also organized for participants, during which current issues in the field were explained in detail.

At the Azerbaijan State Pedagogical University (ASPU), a series of educational sessions were organized by the "INNOLAND" Incubation and Acceleration Center in collaboration with the ADPU ENACTUS team to familiarize students with modern educational approaches and foster their innovative thinking.

During these sessions, renowned experts shared detailed insights on the application of new methods and tools in the teaching process, the role of project-based and game-based learning in education, as well as the prospects of using digital platforms.

On May 16, the session titled "Online Education Platform" featured an opening speech by Professor Asaf Zamanov, Vice-Rector for Science and Innovation at ASPU. During the session, Könül Guliyeva, founder of the "Safavy" platform, delivered a presentation on the development dynamics and application opportunities of online education.

On May 19, the session "Future of Education: Transition to Project-Based Learning" was held, where Nariman Garayev, founder of the "Taskool" platform, discussed the essence and effectiveness of project-based education through practical examples. The session was opened by Shahin Mammadli, Head of the ADPU ENACTUS team, and the presentation part was conducted by Aytac Abbasova.

On May 20, the session titled "Ways of Using Interactive Games in Schools" was opened by the team’s coordinator Zenfira Seyidova. Aynur Huseynova, a teacher at the "Bilim Baku" center, shared practical recommendations on applying game methodologies in teaching and increasing student motivation.

The sessions attracted great interest from students, and all three events were held in an interactive format with discussions and Q&A sessions.

"INNOLAND" Incubation and Acceleration Center of the State Agency for Citizen Services and Social Innovations under the President of Azerbaijan will start a Joint Acceleration Program with AzerGold CJSC. The goal is to bring together the precious metal industry's most emerging startups to stimulate inter-industry innovation, increase the effectiveness of processes and establish a new standard for this industry in Azerbaijan and the region. 

The startups eligible for this batch can be focused on:

• optimizing processes

• enhancing capabilities

• enhancing skills

• utilizing leading technologies

 within the precious metal industry and provide solutions that can be adapted to the needs of AzerGold CJSC. 

Along with innovative solutions for the precious metal industry, startups can offer solutions suitable for AzerGold’s organizational needs including:

• Mining

• Industrial

• Geology

• HR 

• Database / Digitalization

• Legal

• Finance

• Ecology

• HSE, etc

Criteria 

Other than being relevant to AzerGold CJSC’s activities, the selection criteria include:

1.Team: Minimum 2 People (No solo founders)

2. Minimum physical full-time presence on-site 1 Team member with good knowledge of English

3. Product: Developed or are developing a minimum viable product (MVP), Proof of concept

4. Market: Identified market and target segments

5. Pitch Deck needed 

6. Qualification and experience in the field of precious metals will be considered as a big advantage

7. Research for export opportunities and readiness to enter new markets

For registration: https://forms.gle/8YqYx6mh6d1J7sXd8