AZE

ASOIU hosts III Startup and Innovation Festival

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December 17 2018

9:20

On December 15 the III Startup and Innovation Festival was held at Azerbaijan State Oil and Industry University (ASOIU). The event was attended by representatives of various government agencies, company directors, as well as teaching staff and students of the university. 

Rector of ADNSU, Professor Mustafa Babanli declared the III Startup and Innovation Festival open. Speaking about the works carried out at the university in the last three years, rector Mustafa Babanli noted that he believes that the projects submitted by the young people will be successful in the future. Saying that the festival serves the promotion of startup ideas between the students, rector M. Babanli highlighted that one of the main goals is to export products abroad under the brand of "Made in Azerbaijan".

Deputy Minister of Education Idris Isayev underlined that it is gratifying the development of startup ideas at universities and the interest of students in this field. Stating that the development of innovations according to the reforms implemented by President Ilham Aliyev occupies one of the main places, Idris Isayev noted that the implementation of these projects promotes the development of entrepreneurial spirit and growth of business potential.

Elchin Babayev, the executive director of Science Development Foundation emphasized the importance of attention to the development of innovation given by higher education institutions and gave his recommendations to the young startups.

Advisor to the Minister of Agriculture, head of the Center for Science and Innovations Elchin Zeynalov noted the importance of the startup development in a prestigious educational institution as ASOIU and wished all participants success.

Later 6 projects of startup center were presented. The projects were evaluated by the jury according to predetermined criteria. The winning projects were awarded by ASOIU and partner organizations.

At the end of the festival, a roundtable was held with the participation of the rector of ASOIU, professor M. Babanli, the teaching staff of the university, representatives of different companies attending the event. Rector M. Babanli expressed his gratitude for the support provided to the company's representatives and noted that this cooperation between universities and enterprises will benefit both sides. The roundtable featured a discussion about the development of startup projects with investors, future work, joint cooperation and other issues.

Source: www.asoiu.edu.az

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