Baku ID Innovation Festival Showcases Azerbaijan's Startup Scene
Date
6/29/2024 10:51:54 PM
(MENAFN- AzerNews)
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Nazrin Abdul
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The premier startup innovation event in Azerbaijan and the
region, the "Baku ID" Innovation Festival, supported by SABAH
Innovation Centre, is currently underway in Baku,
Azernews reports.
The event features participation from Minister of Science and
Education Emin Amrullayev, Minister of Economy Mikayil Jabbarov,
and other dignitaries.
This year's "Baku ID" event at Baku Crystal Hall has attracted
over 200 local and international investors, more than 100 startups
from both domestic and foreign origins, 5000 attendees, and more
than 50 partners.
A highlight of the festival includes a panel session on
Artificial Intelligence. Fariz Jafarov, Executive Director, will be
among the speakers discussing the "Increasing Role of Startups in
Achieving Zero Emissions".
Attendees can explore the activities of the centre at the 4SIM
booth and have a chance to win free Coursera course vouchers
through the "4SIM Academy".
During "Baku ID", a bilateral Memorandum of Understanding is
expected to be signed between SABAH Hub and 4SIM, aimed at
bolstering the local startup ecosystem and advancing digital
economy initiatives.
Startups participating in the festival's competition stand to
benefit from a $1 million investment fund. The event also includes
speeches from global technology company representatives, diverse
panel sessions, regional startup presentations, networking
opportunities, and other engaging activities.
Key sponsors of "Baku ID" include the Ministry of Science and
Education, SOCAR, PASHA Holding, ABB, and Mappable, with support
from partners 4SIM and IDDA.
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