The first entrepreneurship accelerator program for drivers and couriers in Azerbaijan, “Bolt Accelerator,” has been announced. This program is being implemented based on a cooperation agreement between Bolt and SUP VC companies.
The agreement was signed by Ramil Məhərrəmov, Chief Operating Officer of Bolt, and Rashad Eyvazov, Executive Director of SUP VC. Taleh Kərimli, Head of the Innovation Ecosystem Department at the Innovation and Digital Development Agency, also participated as a guest at the event.
The “Bolt Accelerator” program is also supported by the Innovation and Digital Development Agency. This initiative lays the foundation for long-term cooperation between the parties in the fields of innovation and economic development.
Within the cooperation framework, SUP VC is responsible for organizing the program and establishing the mentor network. Meanwhile, Bolt oversees participant selection, training organization, and financial support.
Applications for the program are open until August 15, 2025. A total of 120 participants will be selected. The chosen candidates will take part in online training for eight weeks, and then 20 successful candidates will proceed to a four-week stage of online mentorship and in-person training.
During the training, participants will gain practical knowledge in areas such as company formation, finance, marketing, and customer acquisition, along with individual mentor support.
Seven winners will be selected in the final stage. One winner will receive 10,000 AZN, another 7,000 AZN, three winners 4,500 AZN each, and two winners 3,000 AZN each. The total prize fund amounts to 36,500 AZN.
Winners will participate in a six-week intensive development program, gaining the opportunity to present their ideas to real customers.
The program mainly focuses on mobility, transportation, urban infrastructure, digitalization, and related technological innovations.
“Bolt Accelerator” is part of Bolt’s “Urban Fund” initiative. This fund aims to economically empower drivers and couriers, provide them with essential tools for development, and promote innovation in urban mobility.
It is worth noting that the program has been successfully implemented in Nigeria, Kenya, Ghana, South Africa, and Europe, supporting the realization of over 30 business ideas.
For applications and more information, visit: https://boltakselerator.az
