Mikayil Jabbarov: Each of 18 innovative projects been allocated AZN25,000

As much as 25,000 manats ($14,720) were allocated to each of 18 projects within the framework of support for innovations, Economy Minister of Azerbaijan Mikayil Jabbarov wrote on Facebook, Report informs.

According to him, the Ministry of Economy continues initiatives to stimulate startups.

"Within the support framework for this innovative field, 25,000 manats were allocated to each of 18 projects. Baku ID Summer'22 (Baku Investment Day) held by the Ministry of Education and the SABAH.lab Startup Acceleration Center is important in promoting startups and presenting local projects to foreign investors," the minister said.