(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 19. Azerbaijan is
developing a startup ecosystem with the support of leading
countries in this field, Executive Director of the Center for
Analysis of Economic Reforms and Communications Vusal Gasimli said
during the graduation day of the StartUp School project of the
Enterprise Azerbaijan portal, trend reports.
According to him, about 300,000 projects are created annually in
the world, of which only 10 percent are successful.
"It's important to establish a platform of interaction between
startups and investors, because the project needs funding to
implement it. Our StartUp School project serves as this platform
and we are confident that our startups will succeed in implementing
their ideas," he said.
Gasimli also noted that at the startup map, the leading
positions are held by the UK, China, UK, Germany, and Israel.
"The development of the startup ecosystem in Azerbaijan is
carried out with the support of experts from these countries. Our
cooperation with the University of Nevada is an example of this.
It's very important for us to develop cooperation with leading
universities and think tanks," he explained.
Gasimli also said that the economy of Azerbaijan is quite stable
and the country doesn't need external finance.
"Now we need to bring knowledge and experience to the country,
including the sectors of the startup ecosystem, medicine,
education, and other important areas. Of course, we have already
established such cooperation and we aim to strengthen it," the
Back in September 2021, the Center for Analysis of Economic
Reforms and Communication and the University of Nevada signed the
Cooperation Agreement. The agreement identifies the areas of
cooperation as visits of faculty's teachers, exchange programs,
joint research activities, participation in seminars and academic
meetings, exchange of scientific materials and other information,
and short-term academic programs.
Enterprise Azerbaijan registered 200 startup projects within the
framework of the Startup School project from February through March
this year. As many as 33 have reached the final out of 200
projects, which will be developed with the support of mentors from
the US, Türkiye, Israel, and other leading countries along with
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