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American IT Companies to Support Azerbaijani Startups

The High Tech Park LLC operating under the Azerbaijani Transport, Communications and High Technologies Ministry and the American Chamber of Commerce in Azerbaijan (AmCham) signed a memorandum on cooperation in the IT sector, trend.az reports.

The document stipulates formation of a roadmap for long-term strategic cooperation between the parties.

Within the framework of the cooperation, AmCham will assist in attracting investments to local start-ups, create a favorable environment for cooperation with US venture funds, access of software solutions and services of local IT companies to the US market.

As part of Azerbaijani delegation’s recent visit to the US, meetings were held with leadership of Google, Lenovo, Nutanix, the Investment technology center and the International investment company of the United States.

 An agreement was reached with Lenovo on establishment of an R&D laboratory under the High-Tech Park and on provision of local start-ups with benefits of the Lenovo incubation and venture program.

Nutanix, in turn, offered to establish an academy at one of Azerbaijani universities for the exchange of scientific experience.

The US international investment company announced its readiness to organize investment sessions for local companies, while the US investment and technology center is to provide support in attracting investments to local start-ups and providing them with consulting services.