Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency under the Ministry of Digital Development and Transport, spoke at the opening ceremony of the international acceleration program "Green and Digital Silk Road." He announced that a new Innovation Center in the city of Ganja is planned to become operational by the end of this year.
Additionally, plans are underway to establish a relevant cluster at Nakhchivan State University in the near future. Osmanov emphasized that the goal is not only to develop the startup ecosystem in the capital city of Baku but also to support its growth in the regions through both financial and moral assistance. Acceleration programs are an essential part of this process.
Osmanov noted that five key areas play a significant role in the development of the startup ecosystem and represent the agency’s strategic priorities. One of these is expanding access to financial resources. It was highlighted that, with the support of the state and the agency, the “Caucasus Ventures” venture fund has been established, and efforts are ongoing to form three additional financial institutions. The “Inmerge” fund has already been created and is expected to begin operations soon.
Concluding his speech, Farid Osmanov expressed high expectations for the acceleration programs being launched and stressed that the Agency is ready to provide support at every stage of the projects.
