Misplaced Pages

Innovation Agency (Azerbaijan)

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
This article is an orphan, as no other articles link to it. Please introduce links to this page from related articles; try the Find link tool for suggestions. (March 2022)
Innovation and Digital Development Agency
Agency overview
FormedOctober 11, 2021
HeadquartersMikail Mushfiq 2H, Baku, Azerbaijan Republic AZ1000
Agency executive
  • Inara Valiyeva
Websitehttps://idda.az/

The Innovation and Digital Development Agency (Azerbaijani: İnnovasiya və Rəqəmsal İnkişaf Agentliyi) is a state agency under Ministry of Digital Development and Transportation of Azerbaijan. The agency supports local businesses by facilitating the acquisition and transfer of modern technologies, backing innovation-driven research, and funding startups through grants, concessional loans, and venture capital.

History

On November 6, 2018, based on a decree by the President of Azerbaijan, Ilham Aliyev, the Innovations Agency was established under the Ministry of Transport, Communications, and High Technologies of Azerbaijan.

On October 11, 2021, based on a presidential decree, the Innovation and Digital Development Agency was established through the merger and reorganization of the "National Nuclear Center" Closed Joint-stock company, the Innovations Agency, and the Research Center for High Technologies, all of which were under the Ministry of Transport, Communications, and High Technologies of Azerbaijan.

Board of directors

Under the order of the President of the Republic of Azerbaijan from 5 Auqust, 2019, Tural Kerimli had been appointed as a chairman of Innovation Agency.

In 2023, Inara Valiyeva was appointed as the head of the agency. She had previously served in this position on a temporary basis.

Criticisms

In 2021, the Innovation and Digital Development Agency incurred a loss of 4.163 million manats, and in 2022, a loss of 4.626 million manats. The organization ended 2023 with a loss of 7.652 million manats, increasing its accumulated loss by 45.9% to reach 24.309 million manats.

The agency has also been criticized for not paying the companies it collaborated with under the training program for months, and for delaying payments without any reason.

See also

References

  1. "Innovation Agency of Azerbaijan to implement venture financing". Azerbaijan State News Agency. 28 September 2019.
  2. ^ "Azerbaijani president decrees to establish Innovation Agency". AzerNews. 7 November 2018.
  3. ""Azərbaycan Respublikası Nəqliyyat, Rabitə və Yüksək Texnologiyalar Nazirliyinin tabeliyində İnnovasiyalar Agentliyinin yaradılması haqqında" Azərbaycan Respublikası Prezidentinin Fərmanı". e-qanun.az. 6 November 2018. Retrieved 2024-08-28.
  4. ""Azərbaycan Respublikasında rəqəmsallaşma, innovasiya, yüksək texnologiyalar və rabitə sahəsində idarəetmənin təkmilləşdirilməsi ilə bağlı bəzi tədbirlər haqqında" Azərbaycan Respublikası Prezidentin Fərmanı". e-qanun.az. 11 October 2021. Retrieved 2024-08-28.
  5. "Head appointed to Innovation Agency".
  6. "İnnovasiya və Rəqəmsal İnkişaf Agentliyinə sədr təyin edilib". Report İnformasiya Agentliyi (in Azerbaijani). 2023-11-28. Archived from the original on 2023-12-13. Retrieved 2024-08-25.
  7. "İnnovasiya və Rəqəmsal İnkişaf Agentliyi ötən ili daha ₼4.6 mln. üzərində xalis zərər edib". Banker.az (in Azerbaijani). 2021-08-28. Archived from the original on 2023-11-29. Retrieved 2024-08-25.
  8. "İnnovasiya və Rəqəmsal İnkişaf Agentliyi zərərini 65 % artırıb". Report İnformasiya Agentliyi (in Azerbaijani). 2024-07-29. Archived from the original on 2024-07-30. Retrieved 2024-08-25.
  9. "İnarə Vəliyevanın rəhbərlik etdiyi Agentlik şirkətlərə borcunu niyə ÖDƏMİR? – Şikayətə rəsmi CAVAB". bizim.media (in Azerbaijani). Archived from the original on 2024-07-05. Retrieved 2024-08-25.
  10. "İnarə Vəliyevanın rəhbərlik etdiyi Agentlik şirkətlərə borcunu niyə ödəmir?". Editor.az (in Azerbaijani). 2024-07-05. Retrieved 2024-08-25.
Ministries and state agencies of the Republic of Azerbaijan
State ministries
State committees
State agencies
State services
Commissions
Departments
Funds
Categories: