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Europe’s Leading Innovation Platform “Tenity” Expands to Azerbaijan.

The Innovation and Digital Development Agency (IDDA) has launched a strategic collaboration with Tenity, one of Europe’s most prominent acceleration and incubation platforms. Within this partnership, two hackathons and one incubation program focused on fintech startups in Azerbaijan will be implemented. These programs will welcome participation from both Azerbaijani and international startups.

Chairman of the IDDA Board, Farid Osmanov, emphasized the importance of these programs for the local ecosystem:

“At IDDA, we continue to support programs that enhance the funding and market accessibility of our local startups. I believe this collaboration will become a major turning point for many fintech startups operating in our country.”

Applications are now open for the first hackathon, which will take place from November 14–16. Local startups will benefit from training sessions with international experts, mentorship support, and networking opportunities with investors connected to Tenity.

The hackathon is open to startups founded by individuals aged 18 and above who are active in or interested in the fintech sector, including those in the idea stage. The top three teams will receive cash prizes. Applications are open until November 7, 2025.

In addition, the fintech incubation program is now accepting applications. This four-month program aims to help early-stage startups turn their ideas and prototypes into scalable businesses through mentorship, expert support, and access to investor networks. The program will conclude with a Demo Day, where startups will pitch their projects.

Applications for the incubation program are open until December 12, 2025.

Founded in 2015 in Switzerland, Tenity currently operates in Zurich, Madrid, London, Istanbul, Singapore, and Tallinn. The platform supports early-stage startups in fintech, insurtech, regtech, Web3, blockchain, tokenization, and AI. Through its acceleration and incubation programs, Tenity provides startups with mentorship, corporate connections, investment opportunities, and market access. To date, it has facilitated over €300,000 in investments and supported more than 1,600 startups worldwide.