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Monday, November 25, 2024

Home Business Korea provides $2m grant to Azerbaijan to develop innovations

Korea provides $2m grant to Azerbaijan to develop innovations

by News desk
July 22, 2022
in Business

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Azerbaijan’s Digital Development and Transport Ministry and Korea’s International Cooperation Agency (KOICA) signed a grant agreement to support the development of innovation policy in Azerbaijan, Azernews reports.

The agreement was signed by Digital Development and Transport Minister Rashad Nabiyev and KOICA’s Director of Azerbaijan office Moon Jong Hyun.

The concept behind the $2 million grant project is to prepare a strategic roadmap for innovation, in order to increase the efficiency of innovation policy in Azerbaijan. The project provides for the KOICA expert group to make suggestions and recommendations through research on improving institutional capacity.—Azer News