Baku, Azerbaijan, June 20. Azerbaijan is
creating new conditions to support innovation and venture projects,
said Farid Osmanov, chairman of the Innovation and Digital
Development Agency under the Ministry of Digital Development and
Transport, Trend
reports.
During a panel discussion at Baku ID 2025, Osmanov announced
that internal discussions have been completed to establish a more
efficient and transparent regulatory environment for innovative
companies.
One of the key initiatives, Osmanov said, is the launch of a
regulatory sandbox, with the project already prepared. This
framework will enable promising companies to enter the market
faster and test their solutions under flexible conditions.
“We are developing regulations in cooperation with the
government. The goal is to create tools to foster venture
initiatives and make policies more innovation-friendly. We are
confident that such steps will attract attention to the local
market,” Osmanov said.
He also emphasized that establishing a flexible and clear
regulatory framework is one of the most critical elements for the
development of the country’s digital economy.
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