BBF Director: Azerbaijani startups will benefit from GITA opportunities in Georgia

Baku. 6 March. REPORT.AZ/ “Baku Business Factory (BBF) is a social mission-oriented business incubation center. Our main purpose is to develop business thinking in our youth with business ideas and to form new dealing skills in our country by providing a logistical base for them. We believe that it’s quite enough to give a chance to any Azerbaijani youth who has a smart idea to succeed in business. And we try to support the creation of this chance and share our experience with them."

Report informs, the BBF Director, Professor Alovsat Muslumov said today at the signing ceremony of Memorandum of Cooperation (MoC) between Baku Business Factory and the Georgia’s Innovation and Technology Agency (GITA).

He said that BBF particularly focuses on cooperation with foreign partners: "We have done a lot of work in this direction. Since the last quarter of 2017, we have meetings with several international organizations, representations, companies and embassies. Main topic of our discussions is benefiting of our startups from local and foreign sources of the missions based in our country, sharing of experience, as well as benefiting of their startups while travelling to Azerbaijan from opportunities created in the BBF."

BBF official also noted importance of the signed memorandum, saying that neighboring Georgia is an important country: "Last month, our employees have held meetings in Tbilisi with the Georgian Ministry of Economy and Sustainable Development, Georgia’s Innovation and Technology Agency (GITA) and a number of investment funds. And now we are signing a memorandum in Baku with the Georgia’s Innovation and Technology Agency. According to this document, startups travelling from Azerbaijan will benefit from opportunities created by this agencies in Georgia, also Georgian startups will take advantage of resources created by the BBF in Azerbaijan. We believe that every step will give positive results in future."