The 5th "TUSI" Incubation Program Launches with 230 Young Participants

The 5th "TUSI" incubation program has been launched as part of the "Skills for the Future" project, implemented by the Innovation Center of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan.

The first day of the program was met with great enthusiasm. Nearly 230 young people participated in the opening event.

The first training session focused on "Idea Development and Validation." During the session, participants gained theoretical and practical knowledge on idea formulation, assessment of growth potential, defining the right direction, and overcoming challenges at the initial stages.

The primary goal of the program is to develop participants' startup ideas to a market-ready level, while providing them with mentoring, expert support, and networking opportunities.

A total of 600 people registered for the 5th "TUSI" incubation program via the project’s web platform. Selected participants will undergo an intensive training program covering 10 main topics and 34 sub-modules.

The "Skills for the Future" project aims to strengthen human capital in the field of innovation, support the development of youth ideas, and guide them toward sectors that will contribute to the country's technological progress.

"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

 The “Strategy and Finance” bootcamp has officially started.
The first session of the bootcamp was delivered by professional consultant Dr. Ibrahim Can.

The training, dedicated to the topic “Startup, Marketing, and Strategy,” covered the following areas:

• Startup ecosystem and strategic goals

• Proper market positioning

• Effective marketing planning

The session concluded with interactive discussions and a Q&A segment.