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.
As the 13th edition of the World Urban Forum nears an end, Azerbaijan's Pavilion will showcase reconstruction efforts in its liberated territor...
A 13-year-old boy was killed in northern Gaza on Thursday (21 May) after an Israeli drone strike hit the town of Beit Lahiya, according to local he...
Belarusian President Alexander Lukashenko has said Belarus will not be dragged into the war in Ukraine, while also stressing that Minsk and Moscow ...
Iran’s Supreme Leader has issued a directive that the country’s near-weapons-grade enriched uranium must not be sent abroad, according ...
A French appeals court has found Airbus and Air France guilty of corporate manslaughter over the 2009 Rio–Paris...
As the 13th edition of the World Urban Forum nears an end, Azerbaijan's Pavilion will showcase reconstruction efforts in its liberated territories and foreground the importance of mine removal in resettlement efforts.
Azerbaijan is stepping up efforts to strengthen its position as a regional hub for investment and connectivity ahead of the second Azerbaijan International Investment Forum in Baku this September.
President of Azerbaijan Ilham Aliyev held a telephone conversation with French President Emmanuel Macron on Thursday (21 May), with both leaders discussing bilateral ties, regional developments and ongoing peace efforts in the South Caucasus.
Officials and urban development experts at WUF13 in Baku examined how conflict, displacement and climate disasters are intensifying the global housing crisis and placing increasing pressure on cities worldwide.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
The penultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh and East Zangezur, as well as host events on the future of Baku and architectural education.
At least 21 people have been killed and thousands evacuated after torrential rain triggered flooding, landslides and transport disruption across southern and central China, with authorities warning that more heavy rainfall is expected along the Yangtze River.
Russia’s ambassador to the United Nations Vasily Nebenzya warned on Tuesday (19 May) that Moscow could retaliate against Baltic states if Ukraine launches military drones from that region. Latvia, the United States and Ukraine responded strongly during a UN Security Council meeting.
South Korea’s Samsung Electronics is facing its largest potential labour action in years, with tens of thousands of workers preparing for a prolonged strike over bonuses and profit-sharing at a time when the company is benefiting from a global artificial intelligence (AI) driven chip boom.
A 13-year-old boy was killed in northern Gaza on Thursday (21 May) after an Israeli drone strike hit the town of Beit Lahiya, according to local health officials, as residents reported a renewed increase in Israeli evacuation warnings ahead of attacks.
Azerbaijan is stepping up efforts to strengthen its position as a regional hub for investment and connectivity ahead of the second Azerbaijan International Investment Forum in Baku this September.
Iran and Pakistan discussed developments in stalled Iran-U.S. negotiations during a visit to Tehran by Pakistani Interior Minister Mohsen Raza Naqvi, amid Islamabad’s ongoing mediation efforts.
President of Azerbaijan Ilham Aliyev held a telephone conversation with French President Emmanuel Macron on Thursday (21 May), with both leaders discussing bilateral ties, regional developments and ongoing peace efforts in the South Caucasus.
Georgia’s parliament speaker has accused Britain of “blatant hypocrisy” after London quietly allowed Russian-origin oil products into the country - a move UK officials had reportedly urged Tbilisi to avoid.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment