Azerbaijan announces next stage of startup contest for IT projects

Azerbaijan announces next stage of startup contest for IT projects

According to the statement that, the next stage of the contest within the Azerbaijani State Fund for Development of Information Technologies’ grant support for IT projects will start on March 1, 2018. Azerbaijan announces next stage of startup contest for IT projects.

Recently the Participation bids will be accepted from March 1 to May 1, 2018. After the bids submitting, the projects are to pass two stage assessing: preliminary and complex expertise. Meanwhile The final decision will be made by the Supervisory Board of the State Fund.

Azerbaijan announces next stage of startup contest for IT projects

The decision about the contest was made during the meeting of the Supervisory Council of the State Fund in January. By the certain criteria, the projects submitted to the contest must meet the following requirements.

Although if the issue is software development, then it must have a future development perspective. The development of innovative products must be supported by their samples (prototypes).

The projects must be also aimed at developing innovative infrastructure and commercialization of new technologies.

Further the projects were evaluated in two stages primary and complex examination. Independent experts will be involved in the complex examination. However the final decision on the issue of financing will be made at the level of the supervisory board of the State Fund.

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