10 more ABB Innovation Center startups were presented to investors.
The ABB Innovation Center hosted a presentation ceremony for projects accepted into the 2nd Incubation program. The program received 151 applications. Based on their selections, 25 teams were selected to participate in the 8-week intensive pre-incubation program. As the next stage, ten of these teams advanced to the incubation stage.
According to Xeberler.az, these teams that successfully completed the incubation stage presented their finished projects to IBA Investor Club members, IBA executives, and other field experts. Fintech, E-commerce, economic sustainability, and other areas are covered by these projects.
The second Incubation program, which included intensive training programs, assisted start-up teams in turning their ideas into profitable businesses. Meetings between the teams and investors are scheduled until August 1, 2022. Teams that can attract investment, develop their products, and are ready to sell will be connected to the ABB Innovation Center's Acceleration program.
It should be noted that 12 startup projects successfully completed the relevant stages in the Center's first program. As a result, the IBA Innovation Center has presented 22 startup projects to investors thus far.
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