Azerbaijan is set to launch its first innovation center, the Azerbaijan Innovation Center (AIM), marking a significant milestone in the country's drive towards technological advancement, Chairwoman of the Innovation and Digital Development Agency under the Ministry of Transport and Digital Development of Azerbaijan, Inara Valiyeva, said at a panel discussion on "Innovation as a Culture" at the Chain Reaction 2024 forum, AzVision.az reports.
"We are proud to establish Azerbaijan's first innovation center, AIM.
We plan to open the center in Baku and Sumgayit this October, with another center anticipated in the regions by the end of the year. Several new centers are also slated for launch in Baku next year," Valiyeva stated.
Valiyeva emphasized that public-private partnerships will be crucial for ensuring the sustainability of these initiatives, with the business sector expected to play a pivotal role in their long-term success.
To note, the second day of the Chain Reaction 2024 forum has started, with topics on the agenda such as blockchain, Web3, artificial intelligence, and digital assets.
Key events for the day include the signing of a Memorandum of Understanding (MoU) between C4IR Azerbaijan and Binance, as well as panel discussions on subjects like "Innovation as a Culture," "Cyber Vulnerability: Is It the biggest risk for founders?" and "Should centralized financial institutions embrace or fear digital assets?"
Presentations will also cover "Lessons learned from Issuing a CHF 100 Million Digital Bond" and "Is bitcoin mining still worth it after the halving?" topics.
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