The procedure for the use of funds in the field of innovation has been approved.
The "Procedure for the Use of Funds of the Innovation and Digital Development Agency under the Ministry of Digital Development and Transport of the Republic of Azerbaijan," approved by the relevant Decree of the President of the Republic of Azerbaijan, was adopted.
This Procedure defines the forms and rules for the use of funds from the Innovation and Digital Development Agency to assist local business entities in acquiring modern technologies and technological solutions, organizing their transfer, supporting innovation-oriented scientific research both domestically and internationally, promoting innovative projects (including startups), and promoting innovation entrepreneurship.
The adoption of this Procedure aims to accelerate the development of innovations, enhance competitiveness in the field of innovation, and create broader opportunities for entrepreneurs and scientific research organizations.
The implementation of this Procedure will make a significant contribution to expanding the stimulating measures and innovation environment for innovative projects that condition the technological progress of the country.
