By Trend

The Ministry of Economy of Azerbaijan continues the initiatives on the stimulation of startups, Trend reports citing Minister Mikayil Jabbarov's Twitter post.

"Within the framework of the support to this innovative field, 25,000 manat ($14,721) have been allocated to 18 projects each," the minister tweeted.

Baku ID Summer'22 (Baku Investment Day) is held by the Ministry of Education and SABAH.lab Startup Acceleration Center is significant in terms of the promotion of startups and presentation of local projects to foreign investors, Jabbarov wrote.