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.
Iran is seeking a "peaceful" nuclear agreement with the United States to resolve a longstanding dispute but will not compromise on its national securi...
Indian police are investigating a deadly car bomb explosion in the capital under anti-terrorism legislation, an officer confirmed on Tuesday, as Prime...
India has imposed stricter anti-pollution measures in its capital New Delhi and adjoining areas on Tuesday, as the air quality deteriorated to "severe...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11st of November, covering the latest developments you need to...
Malaysian patrols scoured the Andaman Sea on Monday in search of dozens of members of Myanmar's persecuted Rohingya minority, following the sinking of...
Azerbaijan has officially handed over the COP chairmanship to Brazil. Under President Ilham Aliyev, COP29 worked to bring countries together, act as a fair mediator, and aim for the highest climate goals.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of November, covering the latest developments you need to know.
Azerbaijan marked the fifth anniversary of its victory in the Second Karabakh War with a grand military parade at Azadliq Square in Baku today.
Azerbaijan marks its fifth Victory Day on 8 November, celebrating the liberation of occupied territories and the restoration of sovereignty, a milestone that reshaped the South Caucasus and ushered in a new era of reconstruction and regional stability.
Billionaire Jeff Bezos’s Blue Origin has launched NASA’s twin ESCAPADE satellites to Mars on Sunday, marking the second flight of its New Glenn rocket, a mission seen as a crucial test of the company’s reusability ambitions and a fresh challenge to Elon Musk’s SpaceX.
Elon Musk’s bold vision for the future of technology doesn’t stop at reshaping space exploration or electric cars. The Neuralink brain-chip technology he introduced in 2020 could mark the end of smartphones as we know them, and his recent statements amplify this futuristic idea.
Two trains crashed in Slovakia on Sunday evening after one ran into the back of the other, injuring dozens of passengers, police and the country's interior minister said.
China has announced exemptions to its export controls on Nexperia chips intended for civilian use, the commerce ministry said on Sunday, a move aimed at easing supply shortages affecting carmakers and automotive suppliers.
Russia said its forces have captured the village of Rybne in Ukraine’s southeastern Zaporizhzhia region, though Kyiv has not confirmed the claim. Ukraine’s military says it repelled multiple Russian assaults nearby amid ongoing heavy fighting.
Iraqis began casting ballots on Tuesday in parliamentary elections to choose a new 329-member legislature, state television said, with nationwide polling set to close at 6:00 p.m. (1500 GMT).
Iranian President Masoud Pezeshkian has urged the public to drastically reduce water consumption in the aftermath of an unprecedented drought across the country.
Uzbekistan is increasing its involvement in global space research with the signing of a new memorandum of understanding between the Ministry of Digital Development and U.S. aerospace firm, Vast Space.
Kazakhstan’s President Kassym-Jomart Tokayev is preparing for a state visit to Moscow on 12 November, highlighting the continued engagement between the two countries.
The Vatican has launched an investigation into Spanish Bishop Rafael Zornoza over an allegation of sexual abuse of a teenage boy in the 1990s, a charge the cleric firmly denies.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment