Turan Trade facilitates signing of the international Memorandum to boost cooperation in Innovation and Startup ecosystem

A quadripartite memorandum of cooperation in the field of promotion of entrepreneurship was signed between Innovation Agency under the Ministry of Transport, Communications and High Technologies, Turan Trade LLC, Startup Campus LTD, and Hungarian Export Promotion Agency (HEPA).

Thanks to the experience and infrastructure of the parties to the memorandum, it is planned to implement an online program “Discover Europe”.

In addition to attracting new foreign startups and experience to the European market, the program is designed to provide European startups with access to other markets. Under the program, the organizations will provide their local startups with access to the European market in the specialized field and support them in this area with their experience, technical and material resources. Upon successful completion of the program, the Innovation Agency intends to share this experience with other organizations.

After assessing the needs of local businesses, the partners signed the memorandum have  reached an agreement to implement bilateral acceleration programs “Discover Azerbaijan” and “Discover Europe” focusing on innovation based on energy and smart cities.

Participating startups and small and medium-sized businesses will become familiar with the region’s innovation ecosystem and receive helpful advice on target markets, potential corporate partners, and local investment opportunities. The management and successful implementation of the program will be organized by Startup Campus LTD.