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Azerbaijani and Georgian Startups Ink Memorandum on Cooperation

Baku Business Factory (BBF) and Georgia’s Innovation and Technology Agency (GITA) have today signed a Memorandum of Cooperation (MoC).

The document was signed by the BBF Director Alovsat Muslumov and GITA Chairman Giorgi Zviadadze.

According to agreement, the parties will expand cooperation in non-oil sector, particularly in ICT, science, engineering and agriculture. BBF and GITA have also agreed to exchange experiences in attracting the “angel” and “venture” investors.

The memo will help the Georgian and Azerbaijani startups and innovators to bilaterally enter the market. Also Georgian startups will be able to benefit from a number of BBF services.