Top 5 opportunities for startups in Azerbaijan

24 August, 2022

 

There are a number of organizations in Azerbaijan that help startups launch and develop their products. 

SABAH.lab acceleration center

SABAH.lab is a startup acceleration center focused on creating and developing early-stage companies in various sectors of the economy through unique learning programs and a sustainable ecosystem of young entrepreneurs and industry professionals. The center is part of the Education Institute of the Republic of Azerbaijan and supported by the Ministry of Education of the Republic of Azerbaijan.

SABAH.lab also hosts many events for startups – like Baku ID which was held on July.  Information  about new events can be found on the Facebook and LinkedIn.

Incubator and accelarator INNOLAND

Incubator and accelarator INNOLAND the State Agency for Services to Citizens and Social Innovation under the President of Azerbaijan (ASAN). The incubation program lasts from 3 to 6 months and includes mentor support, networking, and the opportunity to use office space. The acceleration program lasts 3 months, during which startups develop their product and learn different practices covering all areas of business development. 

To become an INNOLAND Virtual Resident, you need to fill out a registration form and send a presentation of your project. The duration of the Virtual Residency program is 12 months.

Foreign startups can become participants of the Virtual Residency Program of INNOLAND. Virtual residents get access to all of the organizer's events, the opportunity to participate in "ASAN Learning" workshops, free access to the e-OFFİCE financial reporting platform, and mentor support for their startups.

Follow its Facebook and LinkedIn to  stay up to date with new opportunities.

Accelaration program Azerbaijan Innovation Centre

It lasts 12 weeks and helps startups from Azerbaijan connect with Silicon Valley. The program was founded in February 2020 by INNOLAND. Finf more information on Innovation Centre website.

Program of incubation of NEXT STEP innovation center  

As part of the program, participants get access to coaching, create an MVP, and develop their own business model. The duration of the program is from 2 to 6 months. Projects that have completed the incubation program can apply for funding. You can apply for participation through the website of NEXT STEP innovation center.

 Sup VC acceleration program

Sup VC – acceleration program, which allows startups to grow and enter international markets. The duration of the program is 3 months. As part of the program, startups work on a product and prepare for a demo day.

Photo: INNOlAND Facebook

 

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