Over 10 companies taking part in TEKNOFEST Azerbaijan Festival

Representatives of 11 enterprises as part of Small and Medium Business Development Agency (SMBDA) under the Azerbaijani Ministry of Economy are taking part in the TEKNOFEST Azerbaijan Aerospace and Technology Festival.

“The main purpose of young startuppers’ participation in the event is to attract potential investors,” SMBDA Chairman, Orkhan Mammadov, told reporters, according to Report. 

Mammadov noted that SMBDA is actively working to promote startups, both in Azerbaijan and abroad.

The TEKNOFEST Aerospace and Technology Festival kicked off in Baku on May 26.

The technological competitions in eight categories, the Smart Karabakh hackathon, the Take Off Startup Summit, and the Rocket League of the European Esports Championship, will be held as part of the festival.

The products and solutions from partner institutions, prototypes and STEM projects developed by young people will be showcased, as well as unmanned aerial vehicles and helicopters will be demonstrated in an open area.