Azerbaijan plans to offer loans to native startups – 2024-06-19 14:25:29

by times news cr

2024-06-19 14:25:29

As a part of the technique for the event of the digital economic system of Azerbaijan, it’s deliberate to allocate loans to Azerbaijani startups.

As Day.Az stories on Thursday with regards to Development, the manager director of the Heart for Evaluation and Coordination of the IV Industrial Revolution (4SIM) Fariz Jafarov stated this throughout the coaching program on readiness for export and international funding “Digital small and medium-sized enterprises and startups” going down in Baku able to scale up” throughout the framework of the “Investing within the Digital Economic system of Azerbaijan” (IDEA) undertaking.

“As you understand, a technique for the event of the digital economic system of Azerbaijan has been developed, which incorporates 61 initiatives, together with 9 predominant tasks. Key tasks embrace the creation of generative synthetic intelligence within the Azerbaijani language, in addition to the creation of a know-how heart for the digitalization of startups and firms. The technique supplies for the availability of loans Azerbaijani startups. These loans will be supplied by each Azerbaijan and international organizations. As well as, the technique features a program for exporting startup providers to worldwide markets, which contributes to the mixing of Azerbaijani applied sciences into the worldwide economic system,” he emphasised.

It’s price noting that the digital economic system technique of Azerbaijan is predicted to be accepted and carried out this yr. The doc was ready throughout the framework of the occasion “Improvement and implementation of a technique for the event of the digital economic system” of the Technique for the socio-economic growth of Azerbaijan for 2022-2026.

The digital economic system technique will serve to create a sustainable and aggressive digital economic system within the nation, turning Azerbaijan into one of many main nations on this discipline.

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