Date:20/09/17

Winners of grant competition of State Fund for Development of Information Technologies determined

Thanks to the support provided by the Azerbaijani government to increase the competitiveness of the ICT sector and facilitate access to international markets, the ecosystem of the country’s start-ups has developed in recent years and projects capable of entering  the global market are already being formed.

 

The State Fund for the Development of Information Technologies under the Ministry of Transport, Communications and High Technologies  of the Republic of Azerbaijan has allocated another grant for start-up projects.

 

Thus, the winners of the next grant competition announced by the Fund on April 10, 2017 were determined. At the next meeting of the Fund’s Supervisory Board, a final decision was made on the projects that received favourable reviews at the stage of the comprehensive expert examination.

 

It should be noted that 172 projects were submitted for the fifth competition. 150 out of them, having successfully passed the stage of preliminary examination, were admitted to the stage of comprehensive expert examination. At this stage 71 projects received favourable reviews.

 

Based on the results of the voting of the Supervisory Board members, it was decided to finance 21 start-up projects.

 

The total amount of grants allocated for the implementation of these projects made up AZN 242,000.

 

Thus, the winners of grant competition and amounts of grants allocated are as below:

 

№	Project name	Grant amount (AZN)
1	GRP	11 000
2	Yüksəklik	12 000
3	CamTouch	12 000
4	ReCountry	10 000
5	“Destination – Baku” application	12 000
6	ZoomX	11 000
7	Ustad	12 000
8	WakeMeUp	11 000
9	İlmə	12 000
10	Postcal	14 000
11	Pazl – Xalça	12 000
12	High_Cargo mobile application	11 000
12	Mobile games development	11 000
14	Run2Help	12 000
15	İnEduTech	14 000
16	Innovative delivery system for Ecommerce	12 000
17	seattip.com	12 000
18	Hüt-hüt	11 000
19	www.e-pul.az	10 000
20	BKES	10 000
21	Soft Balance Accounting	10 000

 

Note that the implementation of all 62 projects that have won in the first three competitions and 18 out of 29 projects that have won in the fourth competition is completed. Work is underway on the remaining projects.

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