From 26 to May 29, the Teknofest festival will be held in Azerbaijan. Bank ABV will act as a partner “Tekhnofest” and the organizer of the startup-summit “Take Off Baku” scheduled within the festival. To attract startups with access to global markets, the possibilities of the ABB Innovation Center will be used, which will facilitate the participation of local and foreign mentors, as well as attract investors and venture funds.
The Teknofest festival has been held since 2018 with the collaborative organization of the Turkish Technological Team Foundation (T3 Foundation), the Ministry of Industry and Technologies of the Turkish Republic, as well as the technical director of Baykar Makina’s technical director of Bayktara. More than 60 Turkish government agencies, universities and private companies act as partners of this event. The Teknofest festival is designed to create a wide range of opportunities for schoolchildren, students, start-ups and entrepreneurs. Startups that took the first 3 places in the competition will receive financial support in the amount of 15,000 USD, 10,000 USD and 5,000 USD.