Regular meeting of Supervisory Board of State Fund for Development of Information Technologies held

On 29 January 2016, the regular meeting of the Supervisory Board of the State Fund for Development of Information Technologies under the Ministry of Communications and High Technologies was held under the chairmanship of the Deputy Minister of Communications and High Technologies Elmir Velizadeh.

The event highlighted the activities conducted by the Fund during 2015 and discussed the tasks set for 2016. 

The meeting also decided on the winners of the 3rd grant competition announced by the Fund.  Out of 138 projects, which were presented to the Fund within the 3rd grant competition, 103 projects passed through the initial evaluation,  42 projects passed through the comprehensive evaluation and were submitted to the Supervisory Board for consideration.  The Supervisory Board adopted a decision to finance 13 projects.

Name of project Sum
1 Operation Caucasus 15 000
2 Antilose 12 000
3 PERCORN HRM 15 000
4 RobiGuide 12 000
5 Development of processing center software for online buying and selling of airline tickets by Azerbaijan’s tour operators with the use of  universal GDC tools 14 000
6 MobChannel 12 000
7 Sumaks 12 000
8 Events.az 10 000
9 Spinal 14 000
10 Braille Pad 15 000
11 Online Programming Academy   15 000
12 Medianet.az 10 000
13 Bridgeneer 12 000

It should be noted that under the decision of the Supervisory Board of the Fund, AZN 168 000 were allocated for funding 13 projects.

Note that the implementation of 25 projects, which were the winners of the 1st grant competition announced by the Fund, has been completed.  12 of these projects have been commercialized. Implementation of 23 projects, which were the winners of the 2nd grant competition, continues. 

The State Fund for Development of Information Technologies aims at facilitating the implementation of the state policy in the field of ICT, providing support to innovative entrepreneurial activities, stimulating intellectual business, innovation and research activities, promoting the realization of startup projects and providing financial support to small and medium-size enterprises.     

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