6 out of 13 qualifying startups pitching their projects before the panel of juries obtained a chance to participate in the program. Thus, leaders of the succeded teams, namely FuadGulmammadov, Tunjay Huseynov, Isa Zeynal, Mahammad Kekalov,TuralZakaryazada and a foreign resident Javier Chau gained an opportunity to realize their projects at Barama Innovation and Entrepreneurship Center.
The selection to Barama Incubation Program consisted of two stages. In the first stage, the projects submitted for the program were evaluated by thecenter and selected projects were invited to the second stage, where the qualified teams pitched their projects with a business plan.
It is worth noting that, at the end of the 6-month incubation program, the product or service of themost successful startup will be presented to Azercell as a corporate client.
Information Technologies, Virtual games, Media, Medical Technologies (MedTech), Internet of Things (IoT), Financial Technologies (FinTech), Agricultural Technologies (AgTech), Virtual Reality (VR), Augmented Reality (AR), Artificial Intelligence (AI), Cloud Computing and Business Solutions were major fields of preference in the incubation program.
BaramaInnovation and Entrepreneurship Center supported by Azercell and PASHA Bank aimsto burst the development of startup and digital ecosystem in the country, provides resident startups with free office support, professional consultation, training programs for the period of 6 months and gives them an opportunity to build strong relations with a professional business network.
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The leader of the mobile communication industry, the largest taxpayer and the biggest investor of the non-oil sector of Azerbaijan “Azercell Telecom” LLC was founded in 1996. With 49 percent share of Azerbaijan’s mobile telecom market Azercell’s network covers 99.1 percent of the territory (excluding the occupied territories) and 99.8 percent of population of the country. Currently, 4.5 million subscribers choose Azercell services. Azercell has pioneered an important number of innovations in Azerbaijan, including GSM technology, advance payment system, mobile internet services, Metro coverage, 24/7 call center service, 7 day/week Front Office service, M2M services, one-stop-shopping approach Azercell Express offices, mobile customer services, Online Customer Care and Social Media Customer Care services, mobile e-signature service “ASAN Imza” etc. Azercell deployed first 4G – LTE services in Azerbaijan in 2012. According to the results of mobile network quality and wireless coverage mapping surveys by international systems, Azercell’s network demonstrated the best results among the mobile operators of Azerbaijan. Azercell is the only company in Azerbaijan and CIS region which has been awarded Gold Certificate of International “Investors in People” Standard.