2024-06-29 13:31:50
With the assist of the principle sponsors – ABB Financial institution and the Innovation Middle “SABAH.HUB” – the innovation competition “Baku ID” started within the Baku Crystal Corridor. That is the principle occasion within the discipline of startups and improvements in Azerbaijan and all through the area. Along with ABB Financial institution, the principle sponsors of “Baku ID” are the Ministry of Science and Training, SOCAR, 4SIM, PAŞA Holding, Mappable and IDDA.
The competition, which will probably be held on June 27-28, would be the third such occasion in our nation. This 12 months, “Baku ID” attracted greater than 200 native and overseas traders, greater than 100 startups from totally different international locations, 5,000 members and greater than 50 companions. As a part of the occasion, a startup fund was created with the assist of funding funds “Startup Clever Guys”, “White Hill Capital”, “Caucasus Ventures”, “MOST Ventures”, “Startupbootcamp”, “Aloqa Ventures” and “SABAH.fund”.
Because of the assist of ABB Financial institution, startups can take part in competitions underneath the “Startup Battle” idea and qualify for a grant within the quantity of AZN 15,000. In the course of the competition, startups could have glorious alternatives to community with traders, current their concepts and appeal to potential investments.
Throughout its existence, the Baku ID innovation competition has supported dozens of startups, which have attracted a complete of greater than 1.7 million AZN in investments.
ABB Financial institution actively helps the event of the innovation ecosystem in our nation, paying particular consideration to such helpful initiatives throughout the framework of its social duty packages.
Details about trendy, helpful, common services of ABB Financial institution could be obtained on the Financial institution’s branches and places of work, on the official web site by calling the Data Middle on the quick quantity 937, in addition to on the Financial institution’s official Fb web page.