SOCAR and Yokogawa Electric Forge Strategic Partnership During  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.

On October 10, the two-day INMerge Innovation Summit 2024 commenced at the Baku Congress Center, uniting startups, industry leaders, and investors in the realms of technology and digital infrastructure. The summit serves as a pivotal platform for discussing Azerbaijan’s strides in digital transformation and its implications for the global technology landscape.

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.