PH KickBox Program update: 236 ideas were submitted

As a reminder, PASHA Holding and its strategic assets have launched the KickBox program since October 2021. The main purpose of the program is to develop internal entrepreneurship and develop innovation culture within-group employees.

KickBox Updates

Total number of Ideas236
RedBox Projects55
BlueBox Projects18
KickBox Update

The Innovation Advisory Board confirmed the submitted proposals, and the owners of the ideas have already started developing their products.
The 7th batch of 6 teams presented their ideas to Innovation Sponsors on the 7th Demo Day that took place on 25 October 2022. Here is a list of these ideas and their owners:

  1. Qarşılıqlı və Etibarlı Biznes – Anar Tarverdiyev (PASHA Bank);
  2. Holding daxili sənəd dövriyyəsinin optimallaşdırılması – Vuqar Mammadov (Kapital Bank);
  3. Impact – Eldar Aliyev (Competo);
  4. BronEt – Leyla Verdiyeva (Competo);
  5. Fincer – Aghabay Asadov (PASHA Bank);
  6. Road Story – Adil Alizada (Competo).

Fincer project was approved to the BlueBox stage by securing sponsorship from PASHA Holding sponsor (25,000 AZN).

Fincer platform will offer a secure and efficient platform to all users in Azerbaijan to centralize all manners of crowdfunding and fundraising. There’s an increased prevalence of crowdfunding in the world. Kickstarters/crowdfunders use the crowd to raise funds for their innovative business, arts, creative ideas. More and more we see funding for charity, investment, game building and other activities not financed by the traditional methods (such as banks and securities), but by the funding of regular people.

Although Qarşılıqlı və Etibarlı Biznes project didn’t directly receive investment from sponsors during the Demo Day, additional meeting would take place between project team and Zaur Baghirov (the sponsor from PASHA Bank) to discuss the project in detail and identify whether there is a potential to move to the BlueBox stage.

Qarşılıqlı və Etibarlı Biznes is an online platform where people can invest in real business activities. People who invest are provided with a letter of guarantee by the bank. Funds of the citizen investing on the basis of the letter of guarantee are considered fully insured.

The total investment amount for projects in the BlueBox stage is 529,866 AZN.
For colleagues who were unable to attend the Demo Day, below we attach the link with the video of the event to watch it at your convenience.

It should be noted that the KickBox project continues in PASHA Group 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 through the link below:

Total Ideas
Approved projects – companies
Total Ideas by Category
Approved by Category