Baku Business Factory celebrates 1st anniversary - PHOTO

Baku. 4 May. REPORT.AZ/ Baku Business Factory, which has started operation on May 4 of last year, now celebrates its 1st jubilee.

Report informs, during a year, the factory has made contributions to the development of ecosystem by startups, freelancers and closely cooperating other organizations, operating in this ecosystem.

Generally, BBF has received about 550 appeals within a year. The projects and freelancers, which have been selected among these appeals, got support to build and develop their businesses using BBF services. Currently, nearly 70 persons, including 19 projects and 3 freelancers benefit from services of the organization. 13 of these projects have already been commercialized, 2 are carrying out works on export of their services and products. The remaining 6 projects are under preparation. Within a year, various training services have been rendered to the projects, selected by BBF, on the topics of office and office equipment, mentoring, business. In addition to these services, other companies of the same sector have also been cooperated with and various projects launched. As well as in October, 2015, BBF organized 'I Baku Business Forum' and carried out certain works in regard with development and promotion of startup environment in the country.

One of the main factors, which the Baku Business Factory pays attention while conducting works, is to contribute to diversification of the country's economy. The organization's founder Anar Alizade (www.anaralizade.com) stressed it as a factor of special attention on his personal blog. According to him, while selecting business projects, the organization gives importance not only to their distinction from rival organizations but also from each other. As a result, currently, 19 projects, benefiting from BBS services, cover all 4 major economic sectors, namely manufacturing, services, trade and agriculture as well as 15 different types of business activities.

As a result of the works carried out towards supporting youth business initiatives, in February 2016, BBF has been awarded 'Azeri Business Award' National Prize by Business Time magazine, which award is presented to the best companies in the selected fields in Azerbaijan every year. BBF has been selected the best company of the year in the nomination of youth business initiative.

Notably, Baku Business Factory has been established on the initiative of Anar Alizade (www.anaralizade.com), Azerbaijani businessman, Founder of 'Union Grand Energy PTE' Group of Companies. The main purpose of BBF is to support the youth, having perfect business ideas in the initial stage of the project, which will positively impact the country's economic and social development as well as establish condition for speedy realization and sustainability of these projects.

For further information, visit official website of BBF (www.bbf.az) or contact the organization at (012 599 04 05/06).