Support forms

Forms of support for the most promising 5 startup projects and  entrepreneurs who participate in the "New Ideas VI" startup competition:

 

1. All entrepreneurs who participate in the competition are provided with mentoring and training services that given by BP. Date and place of training and mentoring services is announced in official website of the Competition (yenifikir.az) and the official "facebook" (www.facebook.com/yenifikir.az/) page.The initial information is posted at http://yenifikir.az/az/pages/Cronology.html.

 

2. After the results released, the development of the most promising 5 startup projectsis supported by the following resources:

2.1 First place winning startup project earns 8,000 manats.Financial support is provided by BP. (8,000 manats are spent on the development of the startup project and its legal activities. The given financial support is spent with the approval of the Project Teamby New Idea LLC.

2.2 Second place winning startup project earns 6,000 manats.Financial support is provided by BP. (6,000 manats are spent on the development of the startup project and its legal activities. The given financial support is spent with the approval of the Project Teamby New Idea LLC.

2.3 5 startup projects are supported with some devices by BP ("notebook", "smart board", "printer", "camera", "licensed software") from 6 months up to 1 year.

2.4 Incubation services are provided in the Baku Engineering University Technopark for the development of the 5 startup projectsfrom 6 months up to 1  year.

2.5 Incubation and acceleration services are provided in the “INNOLAND” Incubation and Acceleration Centre for the development of the 5 startup projectsfrom 6 months up to 1 year.