Ital Caspian meets in Baku the Management of the new High-Tech Park Azerbaijan: the beginning of a new important collaboration targeted to provide support to the Italian high-tech companies

6 August 2015

Baku – August 6, 2015. “We desire to contribute to the access of Italian companies in the field of high-tech to Azerbaijan market” told the Deputy Director of the Technological Park, Mr. Jalal Rahimov during the meeting of today with Ital Caspian at the metropolitan headquarter; Here is also located the 2.000 sq.m “Business Incubation Center” which provides space and equipment to whom is interested to develop an innovative project in the telecommunications field.

High-Tech Park is a 50 hectares area in Pirallahi District, 40 km from the Capital, Baku. The High-Tech Park will play a key role for the sustainable development of the economy of Azerbaijan. The main objectives of the new infrastructure are: to establish a Regional technological park and to become one of the major players in the field. Two are the components of the project: implementation of innovative and competitive solutions and then provide for their marketing. The economy and the leading position of Azerbaijan in the region shall contribute to find markets for the solutions developed at High-Tech Park. Startups, residents and partner companies will be provided a very wide range of business support services as well as with profit tax relief for 7 years, Real estate and land tax relief, Value-Added-Tax relief.

HTP is established as a company wholly owned by Azerbaijan Government reporting to the Ministry of Communication and High Technology.

Ital Caspian in the next months will promote, in collaboration with HTP, business scouting missions to Azerbaijan for the Italian companies with focus on the following sectors: Mobile Technologies, Information Technologies, E-business, Animation graphics, Software engineering, Space and telecommunications, Robotics and mechanics, LED technologies, Biotechnologies, Medical Software Solutions, Research in energy efficiency, Alternative energy.

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