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By Ayya Lmahamad
These days, most international locations on the earth pay particular consideration to
the event of an innovation ecosystem. On this regard, working
with startups and bringing them to the worldwide degree is a hit of
the revolutionary coverage of the nation.
Located on the crossroads of Japanese Europe and Western Asia,
Azerbaijan can be engaged on making the nation enticing to
entrepreneurs and startup founders.
On this regard, the nation is taking steps to develop the
startup ecosystem. Incubation facilities are being created at
universities and circumstances for commercialization of pilot initiatives
are being fashioned within the nation. On this regard, final yr, a
resolution was made to grant tax preferences to small and
medium-sized companies concerned in startup initiatives. In line with
this, SMBs which acquired a startup certificates are exempted from
taxation on earnings from innovation exercise for 3 years.
Furthermore, the nation has initiated the Azerbaijan 500 ASAN
Startup Program, geared toward innovating and creating the nation’s
budding startup ecosystem via on-line occasions. The State Company
for Public and Social Improvements (ASAN) has been an essential
initiator of startup initiatives within the nation. Underneath ASAN, a
collaboration with the Asian Growth Financial institution began in 2021, with
the purpose of boosting innovation in Baku and different cities.
Startups in Azerbaijan are primarily creating within the software program and
knowledge, advertising and gross sales, in addition to social and leisure
spheres.
World Startup Ecosystem Index 2022
In World Startup Ecosystem Index for 2022 Azerbaijan improved
its end result by 4 positions and took 85th place within the
world rating of the ecosystem of startups.
“The Azerbaijan Startup Ecosystem is an rising innovation hub,
ranked at quantity 85 globally, and exhibits a constructive momentum 4 spots
since 2021,” the report reads.
Baku, the one ranked metropolis in Azerbaijan, has elevated 12 spots
to 443rd globally, getting into the highest 450. It’s also the thirty first
highest rating metropolis within the CAREC enterprise area (Central Asia
Regional Financial Cooperation), and the sixth highest rating
non-Chinese language metropolis on this area.
“Azerbaijan has at all times been often called the Land of Hearth. Right now,
because of our younger skills and profitable startups, we’re
confidently transferring ahead to be acknowledged because the Nation of
Improvements,” State Company for Public Service and Social
Improvements Chairman Ulvi Mehdiyev mentioned in response to the
outcomes.
To notice, the corporate publishes an annual World Startup
Ecosystem Index report, which describes the state of startup
ecosystems in 1,000 cities and 100 international locations. Cities are evaluated
within the report based on the three parameters: amount, high quality,
and enterprise atmosphere.
Local weather Launchpad startup program
The nationwide stage of Local weather Launchpad 2022, the world’s
largest cleantech (clear expertise) acceleration program, was
launched.
Throughout the 4 levels, Azerbaijani startups will compete to win
the worldwide program. Firstly, groups will make displays to the
jury to take the nationwide championship prizes and advance to the
regional stage.
Within the closing stage, startups will current their revolutionary
options to main European buyers and entrepreneurs. The
winners of the finals will obtain a money prize of €10,000 for
first place, €5,000 for second place, and €2,500 for third place.
The 16 greatest startups can even be accepted into the six-month
World Local weather Launchpad Accelerator program.
Over the previous 4 years, 13 startups from Azerbaijan have
yearly participated within the Local weather Launchpad program, which
concerned greater than 50 international locations, and a complete of 52 native startups
have efficiently accomplished the acceleration program. On the similar
time, a complete of 12 startups have represented Azerbaijan on the
World Finals over the previous 4 years. In 2017, the startup
CO2Catalyser, which gained the nationwide championship, additionally turned one
of the highest 15 startups amongst 105 on the World Remaining.
—
Ayya Lmahamad is AzerNews’ employees journalist, observe her on
Twitter: @AyyaLmahamad
Comply with us on Twitter
@AzerNewsAz
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