(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. Azerbaijan has
created a favorable environment for business and investment
opportunities through successful economic policy and reforms in
various areas, Deputy Chairman of the Board of the Azerbaijan Small
and Medium Business Development Agency (SMBDA) Rufat Atakishiyev
said during 'V4-Azerbaijan Tech Bridge Grande Finale' event,
trend reports.
"This stimulates the demand for new technologies that help the
business community to quickly expand their activities, penetrate
new markets and increase turnover," he noted.
According to him, the introduction of smart and innovative
solutions is becoming an integral part of everyday life, and the
use of new technologies is growing in Azerbaijan.
"Our agency is one of organizations that actively contribute to
the improvement and development of innovative entrepreneurship and
the start-up ecosystem. The agency is engaged in supporting young
entrepreneurs and takes appropriate measures in this regard," the
official said.
"These measures include trainings, consultations, grants and
'Startup' certificates, which exempt businesses from profit and
income taxes," he added.
The project was initiated by the Embassy of Poland in Baku and
received funding from the International Visegrad (V4) Fund.
The initiative has been implemented since February 2022 by a
Consortium of Startup Hub Poland Foundation (Poland, project
leader), AI Startup Incubator (Czech Republic), CEU iLab (Hungary),
CIVITTA (Slovakia) and IdealHub Innovation and Technology Center
from Azerbaijan with a number of supporting Azerbaijani partners,
including the Innovation and Digital Development Agency (IDDA) and
SMBDA.
The goal of the 18-month V4-Azerbaijan Tech Bridge project is to
establish and enhance cooperation between Visegrad Group (Czech
Republic, Hungary, Poland, Slovakia) and Azerbaijan in the sphere
of innovation by linking startup ecosystem players like innovation
hubs, private investors, venture capital funds and
innovation-seeking corporations from the EU with the potential of
Azerbaijani startups and innovators.
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