INMerge Innovation Summit 2024 Held in Baku, Dedicated to Azerbaijan’s Digital Transformation

The INMerge Ventures venture capital fund has been established in Azerbaijan, aimed at boosting the development of the country’s innovative and startup ecosystems, officials announced on Tuesday.

Azerbaijan is set to roll out a comprehensive digital economy development strategy in 2025, aimed at transforming the country's economy through human capital development, innovation, and the digitalization of business processes, an official announced on Tuesday.

Issues related to the development of the energy sector through digital innovations were the subject of negotiations between Rovshan Najaf, President of SOCAR, and Seita Hagihara, President and Vice President of Yokogawa Electric Corporation, a leading Japanese multinational company specializing in electrical engineering and industrial automation.

Azerbaijan has concluded the pilot phase of its 4SI Academy project, a digital education initiative aimed at equipping the country's workforce with the skills necessary for the Fourth Industrial Revolution. The programme, a collaboration between the Analytical and Coordination Center for the Fourth Industrial Revolution (4SIM) under the Ministry of Economy, the Education Development Fund (TIF), and U.S.-based online education provider Coursera, has provided free access to cutting-edge courses in technology and leadership.