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Barama Innovation & Entrepreneurship Center is the first business incubator in Azerbaijan, created with the support of Azercell Telecom LLC and PASHA Bank in 2009. The Center’s main goal is to grow the digital ecosystem in Azerbaijan. Barama Innovation & Entrepreneurship Center is composed of Innovation Laboratory, Business Incubator & Entrepreneurship support, Business Solutions and Partnership areas.
Till 2017, the Center has hosted some 300 events, made 3,500 applications, and launched 45 start-ups. In the period 2009-2013, 40+ social projects applied to Barama for support; of these, 14 projects successfully launched their product and services. In addition, one startup was incorporated in Virginia, USA and six startup enterprises visited Silicon Valley, California to further their development.
Since 2019 Barama IEC is supported by Innovation Agency Azerbaijan
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