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Azerbaijan to create about 15 business incubators by 2020

Tuesday, December 27
Azerbaijan will annually create about five new business incubation centers in the next three years, says the Strategic Road Map for the Manufacture of Small and Medium Entrepreneurship-Level Consumer Goods in Azerbaijan.

The main goal formulated in the Road Map is to ensure support for start-up projects.

Ensuring the functioning of about 25 start-ups every year and creating at least 3-5 model enterprises are among concrete tasks that are to be accomplished by 2020.

It is expected to develop stimulating mechanisms in the innovation activities in 2017 and to create at least three innovation-oriented regional clusters by 2020, according to the Road Map.

In addition, it is envisaged to create innovative infrastructure to stimulate activities of small and medium enterprises in 2017-2020.