Innovation and Digital Economy

September 2024 article. Azerbaijan 2030: National Priorities for Socio-Economic Development underscores pivotal areas such as modern innovations, competitive human capital, creation of dynamic inclusive society. Plan encompasses deep digitalization, active adoption of new technologies, rapid advancements in cutting-edge sectors. Under public-private partnership framework around 34 projects planned with private sector, about 14 projects within government. Primary goal enhance economic competitiveness by focusing on innovative trends and integrating into global division of labor. December 2023 Innovation and Digital Development Agency launched to actively support startups and tech companies. Government announced tax incentives for technopark residents and comprehensive relocation support for foreign companies. Interest in 4IR technologies: AI, machine learning, data analytics, IoT continually growing. 2023 joint projects worth $5M+ with UNDP and World Economic Forum