A startup tour covering higher educational institutions was held today at Baku State University within the framework of the project “From Idea to Business”.
Speaking at the event, the department head of the Ministry of Transport, Communications and High Technologies, Rashad Azizov, gave detailed information about the project “From idea to business,” noting that the project serves to identify innovative ideas and turn them into business. He stressed that “more than 20 ideas have already become winners of competitions held within the project.”
“This initiative is being realized with the support of the Ministry of Transport, Communications and High Technologies, the Regional Development Public Union of Heydar Aliyev Foundation, Azerbaijan Youth Foundation, the United Nations Development Programme, Microsoft Corporation and the company Azercell,” Rashad Azizov added.
The representative of Azerbaijan Youth Foundation, Ramil Mammadov, also spoke at the tour. He said that “the Foundation have implemented a number of projects to support young people” and that “students can avail themselves of these opportunities”.
Then, training for the students of Baku State University was held. The training covered issues such as the formation of startup teams, proper preparation of project presentation, ways of selling the project to investors and market research.
Following the training, 7 teams comprised of participants were formed and the teams were trained for the competition by professional mentors.
After that, each team presented its project to the jury within 3 minutes. The jury evaluated the projects according to the criteria of “Idea", "Innovations", "Technologies" and “Accessibility".
According to the results of the competition, the jury determined the top three winners. Projects Khilaskar braslet, Yoldash, and Mayak took the first, second and third places, respectively.
At the end of the event, the winners were awarded and won the right to participate in the National Final to be held in Baku on October 8.