SMBDA, Polish Startup Fund includes a memorandum of understanding, discusses the development startup ecosystem [PHOTO] | Jobs Recent

Sabina Mammadli

The president of the Azerbaijan Agency for the Development of Small and Medium Enterprises (SMBDA) Orkhan Mammadov and the CEO of the Startup Hub Poland Foundation Maciej Sadowski signed a memorandum of cooperation, Azernews reports.

The document was signed during the Polish-Azerbaijani seminar on innovation in Baku Business Center on December 16 by the joint organization of SMBDA, the Polish Embassy in Azerbaijan, the Startup Hub Poland Foundation and the IdealHub Innovation and Technology Center.

The signed Memorandum of Understanding provides for the exchange of information and experience in the field and the organization of events between the business communities of both countries.

During the forum, the possibilities of developing Polish-Azerbaijani cooperation in the field of supporting innovation and startups were discussed, including the V4-Azerbaijan Tech Bridge (V4ATB) program implemented by Poland in Azerbaijan. The aim of the V4-Azerbaijan Tech Bridge project is to establish and expand cooperation between the Visegrad Group (Czech Republic, Hungary, Poland, Slovakia) and Azerbaijan in the field of innovation.

Addressing the event, Mammadov noted his interest in studying Polish experiences in the field of microbusiness and startup development.

“I am convinced that the development of innovative entrepreneurship will contribute to strengthening the existing economic potential of Azerbaijan and Poland,” said Mammadov.

According to him, joint initiatives will contribute to the creation of appropriate platforms among entrepreneurs, startups and investors from both countries, and will also stimulate cooperation in the future.

In this context, Mammadov emphasized the role of cooperation with the Polish Startup Hub Poland fund, stressing that it will significantly contribute to the exchange of experiences between organizations.

Speaking about SMBDA’s activities, he noted that the improvement and development of the ecosystem of innovative businesses and startups is one of the agency’s main priority goals.

“Our agency operates in several directions and takes appropriate actions to support young entrepreneurs. This includes promotion, training and awareness-raising services as well as providing resources,” added Mammadov.

Later, the Ambassador of the Republic of Poland in Azerbaijan, Rafał Poborski, also took the floor, stressing that the V4-Azerbaijan Tech Bridge project will link Azerbaijan’s startup innovations with EU countries.

“This multilateral initiative will bring technological solutions and help develop Azerbaijan’s innovation ecosystem,” Poborski noted.

The ambassador expressed confidence that the V4ATB program will continue in 2023.

According to him, the project will carry out research and development of technologically advanced solutions.

He emphasized that Poland is ready to share its experience in the field of innovation.

“Since 2022, we have over 5,000 innovative start-ups and we are ready to develop our cooperation in the future and share our experience,” added Poborski.

In addition, Sadowski informed about the Polish startup ecosystem and mechanisms for supporting innovation, as well as about the V4ATB program.

“The work we have done in 2022 carries one message: Azerbaijan and the Visegrad region are getting closer and closer,” the president noted.

The founder of the IdealHub Innovation and Technology Center (V4ATB’s Azerbaijani partner) Tural Karimli also shared his views on the center’s activities and program.

Photos by Azernews.

Sabina Mammadli is an AzerNews journalist, follow her on Twitter: @SabinaMmdl

Follow us on Twitter @AzerNewsAz

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