As you know, since October 2021, PASHA Holding and its subsidiaries have been implementing the Kickbox program. The main goal of the program is to identify innovative business ideas and support their implementation. A total of 180 ideas have applied for the program, which resulted in great interest since its first day.
Since the launch of the program, more than 57 ideas have moved to the Redbox stage, meanwhile 13 ideas were approved to the Bluebox stage. The presented ideas were approved by the Innovation Advisory Board, and the owners of the ideas have already begun to work on their products.
The first batch of 13 teams presented their ideas to the Innovation Sponsors on the first demo day that took part on 10 February. 7 of these ideas made it to the next stage – the Bluebox, by securing sponsorship from sponsors. The second batch of 6 teams presented their ideas to the Innovation Sponsors on the second demo day that took place on 15 March and 3 of these ideas made it to the Bluebox stage.
The third batch of 6 teams presented their ideas to the Innovation Sponsors on the third demo day that took place on 13 May. It is gratifying that 2 of these ideas were approved to the next stage – the Bluebox, by securing sponsorship from sponsors. The total investment amount for projects of the Bluebox stage is 424,516 AZN.
We congratulate our colleagues on this occasion and wish them success in executing the proof of concept (PoC)!
For colleagues who are unable to watch Demo Day, we attach a video of the event to this communication.
It should be noted that the Kickbox project continues in our companies, and any employee can apply to the program with their business idea. All you have to do is enter the Kickbox platform and complete the application form.