Azerbaijan has proposed creating a joint Start-up and Innovation cooperation platform to strengthen regional collaboration and accelerate technological development across member countries.
This was revealed by the country's Economy Minister Mikayil Jabbarov at a ministerial meeting of the Organization of Turkic States in Baku on Friday.
Azerbaijan has been actively advancing its startup and innovation ecosystem as part of its broader strategy to diversify the economy and foster new-generation entrepreneurship.
Addressing the 2nd meeting of the Ministers of Industry, Science, Technology and Innovation of the Organization of Turkic States (OTS), Jabbarov emphasised that startups and innovation are central to enhancing economic competitiveness and developing the non-oil sector.
He pointed to successful national initiatives such as the “Sabah.hub” innovation centre, which connects young professionals, startups, and investors, supporting them from idea generation to commercialisation.
The related Sabah Venture Fund has been investing in local innovation projects and building a new wave of technology companies, reflecting Azerbaijan’s long-term commitment to embedding innovation into its economic model.
The Minister’s proposal to establish the “Turkic States Startup and Innovation Cooperation Platform” aims to create a unified framework for collaboration among member countries.
According to him, the platform would coordinate efforts in innovation, digital economy, and startup development, while enabling the exchange of expertise, technological resources, and best practices across the Turkic world.
He added that such a mechanism would accelerate innovative growth and open new opportunities for young entrepreneurs to develop and scale their projects within the region’s expanding markets.
Jabbarov also called for the creation of a “Turkic Patent Organization (CTPO)” under the OTS Working Group on Industry, Science, Technology and Innovation, describing intellectual property cooperation as vital to scientific and industrial progress.
He further highlighted the previously proposed “Turkic States Metrology Organization (TÜRKMET)”—an initiative first raised at the OTS Summit in Astana in 2023—as another key step toward deepening regional economic integration and enhancing technological and research capacity.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 23rd of July, covering the latest developments you need to know.
U.S. strikes on Iran entered a 12th consecutive night, while Yemen's Houthis said they attacked two Saudi oil tankers in the Red Sea, urging President Donald Trump to warn Tehran it would be held responsible for any future Houthi attacks.
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed regional developments, transport connectivity, energy cooperation and the Azerbaijan-Armenia peace process during talks in Berlin.
India and Myanmar are expanding cooperation on rare earths as New Delhi seeks to reduce its reliance on China for critical minerals. The move follows a series of Indian visits to Myanmar and comes amid growing global competition for resources used in clean energy and high-tech industries.
The owner of a Michelin two-star restaurant in South Korea is facing a year in prison for serving a dessert topped with black ants.
Kazakhstan's grain sector faces a difficult season as drought reduces harvest prospects while mounting security risks in the Black Sea threaten to redirect cheaper Russian grain into Central Asian markets.
Uzbekistan welcomed 6.56 million foreign tourists in the first six months of 2026, a 24.9% increase compared with the same period last year, according to the National Statistics Committee. The figures underline the country's growing appeal as one of Central Asia's leading travel destinations.
Powerr had been fully restored across Georgia following a nationwide blackout early on Friday, the country’s state-owned electricity operator, the Georgian State Electrosystem has confirmed.
Azerbaijan's Foreign Minister Jeyhun Bayramov has held talks with Ruslan Edelgeriev, Russia's presidential aide and special representative on climate issues, focusing on environmental cooperation, climate diplomacy and the future of collaboration in the Caspian region.
Pakistan has reaffirmed its support for Saudi Arabia after Prime Minister Shehbaz Sharif condemned Houthi attacks in the Red Sea, warning that threats to Pakistani maritime interests could justify the lawful use of force.
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