Founded May 2015 Website www.bbf.az | Headquarters Baku, Azerbaijan | |
Industry Business Incubation Center | ||
Baku Business Factory is the social direction of the Business Incubation Center, established in order to develop business skills of young people and their business initiatives.
Contents
History
"Baku Business Factory" (BBF) was founded by businessman Anar Alizade in April 2015.
The purpose
"Baku Business Factory" was established for the aim to support the government programs as a private sector, adhering to President Ilham Aliyev calling on the business community to provide the maximum assistance to the development of non-oil sector and diversify the economy and the Concept of "Azerbaijan 2020: A look at the future". From this perspective, the main objective of the company is to contribute to the formation of new business skills in the country through developing business ideas of young people having business thinking and providing the material and technical base. The organization pursuing exclusively social mission, notany commercial purposes, and for this reason, all the services provided by the company are free of charge.
Activity
Activities of "Baku Business Factory" consist of two parts. The first part is a Startup lab, created to help young people in turning their business ideas into business. Selected youth in the project will receive financial support from the BBF, mentor and office, as well as take part in various exercises. BBF will begin to this project from September 2015. Another section is Co-working center, which has already begun to work. An office and equipment for the implementation of business projects related to various sectors are available.