2024-06-29 17:08:06
The Digital Transformation Heart in Azerbaijan affords startups a platform for development.
As Day.Az reported on Thursday as regards to Development, this was acknowledged by the Minister of Economic system of Azerbaijan Mikayil Jabbarov in the course of the Baku Funding Day (BakuID24).
In accordance with him, the position of the information economic system is expounded to context.
“By no means in human historical past has information been so necessary and so instantly linked to the prosperity of a nation. By accepting this, we’ll perceive how necessary the information economic system is and the way necessary it’s to develop and help the ecosystem round it,” he stated.
The Minister recalled that laws had just lately been handed offering quite a lot of incentives for start-ups and innovators.
“We’re simply at the start of the journey. We aren’t ranging from scratch. This was already mentioned in Baku final 12 months. The innovation coverage and imaginative and prescient have to be extra clearly outlined, and this requires high-quality enter. Earlier than this session, we had a dialogue, and our colleague, the Deputy Minister of Digital Transformation and Transport, identified the issues that our startups and regulators face attributable to imperfect laws in quite a lot of areas. That is the second space of our exercise: to make sure the presence of an ecosystem, together with entry to finance and attractiveness for enterprise capital,” he famous.
Jabbarov emphasised {that a} digital expertise transformation heart had been launched.
“Now we have launched a middle for the transformation of digital applied sciences, allotted acceptable premises. The thought is to supply startups with a platform the place they’ll get all the things they want in a single place. We’re additionally prepared for co-investment. We’re completely happy to supply seed funding beneath the management of the Ministry of Economic system. Azerbaijan Funding Firm and the Entrepreneurship Help Fund are additionally concerned on this course of,” he added.
The Minister additionally talked about that given the human capital, expertise, ecosystem and dedication of the society, non-public sector, authorities and startups of Azerbaijan, it’s potential to construct this a part of the economic system that won’t be restricted to the borders of Azerbaijan.
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