The “Baku ID” Innovation Festival, recognized as Azerbaijan’s and the region’s premier startup innovation event, is set to return for its third edition, offering a remarkable platform for entrepreneurs to showcase their startups and attract significant investment. Organized with the support of the SABAH.HUB Innovation Center, this prestigious event has garnered backing from notable entities such as the Ministry of Science and Education, SOCAR, C4IR, PASHA Holding, International Bank of Azerbaijan, Mappable, and IDDA. The festival is scheduled to take place on June 27-28 at the iconic Baku Crystal Hall, and tickets are currently available for purchase.
This year’s “Baku ID” festival promises to be bigger and more impactful than ever, featuring over 200 local and international investors and more than 100 startups from both domestic and global markets. The event is expected to attract a massive turnout of 5,000 participants and boasts the support of over 50 partners. This substantial gathering offers a unique and unparalleled opportunity for startups to capture the attention of potential investors and industry leaders.
In a groundbreaking move, a startup fund has been established with the backing of prominent venture funds, including “Startup Wise Guys,” “White Hill Capital,” “Caucasus Ventures,” “MOST Ventures,” “Startupbootcamp,” “Aloqa Ventures,” and “SABAH.fund.” The initial agreed budget for this fund stands at an impressive 1,000,000 USD, a figure that is continually growing with additional partner support. This fund represents the largest prize pool ever awarded at an innovation event in Azerbaijan, setting a new benchmark for the “Baku ID” ecosystem.
Furthermore, the International Bank of Azerbaijan is providing a substantial 15,000 AZN grand prize for the “Startup Battle” competition, enhancing the financial incentives for participating startups.
The event will be graced by a lineup of distinguished speakers, including Ayumi Moore AOKI, Roman Levrentev, and Dana Al Salem, along with representatives from leading companies such as “Google,” “Sandbox,” “Hungri Games,” and “HepsiBurada Global.” Their insights, speeches, and presentations are expected to inspire and motivate startups, offering valuable guidance and encouragement for the development and growth of their projects.
Throughout the festival, startups will have numerous opportunities to engage with investors, present their innovative ideas, and secure potential investments. The networking possibilities at “Baku ID” are designed to foster meaningful connections and collaborations, creating a vibrant and dynamic environment for the exchange of ideas and business prospects.
Since its inception, the “Baku ID” innovation festival has played a pivotal role in nurturing the growth of numerous startups and educating thousands of individuals about the innovation ecosystem. The festival’s activities have successfully facilitated the acquisition of over 1.7 million AZN in investments for startups, underscoring its significant impact and contribution to the entrepreneurial landscape in Azerbaijan and beyond.
For those interested in learning more about the “Baku ID” innovation festival and staying updated with the latest developments, the official website www.bakuid.com offers comprehensive information. Additionally, the festival’s social media channels provide regular updates and insights into the event’s activities and highlights.
As the “Baku ID” innovation festival approaches, anticipation is building for an event that promises to be a milestone in the region’s startup and innovation landscape. With its impressive lineup of participants, substantial investment opportunities, and a focus on fostering entrepreneurial growth, the festival is poised to make a lasting impact on the ecosystem, paving the way for future innovations and success stories. Entrepreneurs, investors, and innovation enthusiasts alike are eagerly looking forward to this landmark event, which is set to elevate the standards of startup festivals in Azerbaijan and the broader region.
Published by: Holy Minoza
