High Tech Park Azerbaijan and BloccelerateVC

Bloccelerate Team
Sep 1, 2018 · 2 min read

Bloccelerate & High Tech Park Azerbaijan are teaming up to foster an ecosystem of value generating technologies and driven entrepreneurs. We are excited to be collaborating on investments, events, blockchain policies-frameworks and public education together!

High Tech Park Azerbaijan was launched under the Ministry of Communication and Information Technologies in order to organize, manage, and foster the high tech economy in Azerbaijan. It does this by providing a business-friendly environment composed of state-of-the-art facilities, economic incentives, and business services. High tech Park Azerbaijan aims to achieve this mission by being a change agent in the ecosystem and by making policy recommendations that support the high tech sector. They hold countless events and are a top hub of high tech knowledge activities in the region.

VP Global Operations, Bloccelerate: Sheikh Mohammed Irfan (left) CEO, HighTech Park (right)

High Tech Park Azerbaijan constantly supports successful innovations in order to facilitate the startup movement in the country. High Tech Park has already seen a great deal of success in incubating multiple companies. Companies working in the park enjoy a significant business advantage, being exempt from VAT tax on all imported infrastructural and technological goods and services as well as benefiting from High Tech Park’s key position in not only Azerbaijan, but in all of Central and Eastern Europe. We are extremely optimistic about the partnership between Bloccelerate and High Tech Park Azerbaijan, which offers significant opportunity to both parties in terms of portfolio investment and access to markets. As the innovative potential of blockchain technology becomes more and more a reality, partnerships between accelerator programs look to be a key driver in startup success.

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