09.08.2018
The first MIT Global Startup Lab (GSL) Azerbaijan Demo Day supported by SOCAR AQS took place at ADA University. 29 most talented students in Azerbaijan out of more than 100 applicants have been shortlisted by the MIT selection committee to participate in the 7-week Intensive Course in summer 2018.
The program included Azerbaijani students studying abroad as well as talented students of ADA University, Khazar University, Baku Engineering University, Baku High Oil School, Azerbaijan State Oil and Industry University, Baku State University, Azerbaijan State Economic University and National Aviation Academy. Speaking at the demo day, Ramin Isayev, General Director of SOCAR AQS, congratulated the students on successful completion of the MIT GSL Azerbaijan program.
"As you know, SOCAR AQS has signed an agreement on establishing the MIT-Azerbaijan Fund jointly with the Massachusetts Institute of Technology (MIT), one of the world's leading universities. MIT is the place where many scientific discoveries are made. It is not a coincidence that we have launched the Global Startup Lab of this leading science and research center in Azerbaijan as a pilot project. This project is a special one as it promotes innovation in Azerbaijan and contributes to the entrepreneurial ecosystem. This project has brought together various universities, startup centers, and accelerators at a national level. The knowledge and experience you have received during this program will be the turning point for you to transform your idea into the business, provide innovative services and acquire new customers. I hope that you will be able to raise your ideas up to the regional and global scale in the future.”
Vice Rector of ADA University Fariz Ismayilzade wished the program graduates more success in the future. “It is a great pleasure to see the ever-increasing success of Azerbaijani youth. Today teams have presented very innovative startup ideas for the country's young entrepreneurial environment. The MIT GSL Azerbaijan plays a key role in turning these ideas into reality. ADA University has supported this Lab to contribute to transformation of innovative ideas into startups and then startups into successful companies.”
Representatives of government agencies, local and international companies, universities and mass media participated in the MIT GSL Azerbaijan's Demo Day.
During the 7-week Intensive Program, students have been studying about the MIT's disciplined entrepreneurship platform as well as software engineering and developments skills. Participants also met with the representatives of local startup ecosystems and accelerators operating in Azerbaijan. Participants have developed functioning products or minimum viable products as part of the MIT GSL Program supported by SOCAR AQS. The Demo Day provided MIT GSL Azerbaijan teams with the opportunity to present their products to potential investors.
29 students got together in 6 teams and developed ideas ranging from tutoring to data mining, from travel guiding to peer-to-peer ridesharing, from learning through games to coding support. They have presented their startup ideas, milestones, and products including 5 (five) web platforms and 1 (one) mobile application to the Demo Day judges comprising representatives of global and local startup and entrepreneurship eco-system. The evaluation of startups took places according to the criteria of critical business thinking, effective business model selection, marketing strategy, quality and functionality of the products developed, team presentation skills, and question and answer performance.
3 (three) teams won totally AZN 12,000 for further development of their startup ideas (1st place AZN 5,000, 2nd place 4,000 AZN and 3rd place 3000 AZN). As a result of the judges' decision, the 1st place was awarded to the team Dataforest, 2nd place to the Locals Around and 3rd place to the MasterMe. The startup teams were awarded additional prizes and gifts by various accelerators and startup centers.
At the end of the event, all participants who successfully completed the program were awarded MIT GSL program participation certificates.
The objective of the MIT GSL Program executed with the support of SOCAR AQS and MISTI Program of MIT is to contribute to the development of innovative entrepreneurship and startup ecosystem (new technology and innovative ideas based on mobile/web application) through intensive world class and on-the-job training on innovative entrepreneurship and software development. SOCAR AQS, as a national oil and gas drilling company, supports initiatives and programs aimed at contributing to the transformation of oil capital into human capital. SOCAR AQS annually implement the Summer Internship Program for the 3rd- and 4th-year students as well as master's degree students.
SOCAR AQS, as a national oil and gas drilling company, supports initiatives and programs aimed at contributing to the transformation of oil capital into human capital. SOCAR AQS annually implements the Summer Internship Program for the 3rd- and 4th-year students as well as master's degree students. SOCAR AQS has established Student Scholarship for students studying in oil and gas faculties.
SOCAR AQS's shareholders are SOCAR and Nobel Oil Services.
Nobel Energy and Ministry of Energy sign MoU for Construction of 400MW Solar Power Plant
Nobel Energy (part of NEQSOL Holding) is pleased to announce the signing of a memorandum of understanding (MoU) with the Ministry of Energy of Azerbaijan for the development of a 400MW solar power plant in Nakhchivan, Azerbaijan and export of the generated electricity to Türkiye, and partly for the local use. This collaboration signifies an important milestone in advancing sustainable energy solutions and fostering environmental stewardship.
The MoU was signed by Mr. Elnur Soltanov, Deputy Minister of Energy Azerbaijan and Vugar Samadli, CEO Nobel Energy in a special ceremony on ‘Green energy potential of Nakhchivan and Eastern Zangazur’ held in Nakhchivan, Azerbaijan, on 3 June.
The development of a solar power plant, to be located in Nakhchivan, follows the government’s systematic efforts in promoting clean energy and reducing carbon emissions by establishing ‘green energy zones’ across the country.
The memorandum reflects a shared commitment to using the potential of renewable energy to drive economic growth and sustainable development. The solar power plant will leverage advanced solar technology to generate clean and reliable electricity. By using the abundant solar resources of the region, the project aims to contribute to Türkiye’s national grid, as well as the local energy supply.
Vugar Samadli said: “This development follows our transformation strategy to be part of the solutions to help all our stakeholders to get affordable and reliable energy, while reducing environmental impacts. It reflects our shared commitment with the government to harnessing the potential of renewable energy to drive economic growth and sustainable development”.
We look forward to the next steps in our journey aimed to empower sustainable development, create new opportunities, and make a lasting positive impact. The future holds immense potential, and we are eager to embark on this transformative path. I extend my gratitude to the government for their trust and opportunity to deliver this significant project".
This MoU represents a significant step forward in the journey towards a greener and more sustainable future. Nobel Energy is excited about the opportunities presented by this development which is expected to contribute to the overall energy transition in the country towards building a greener future, and is in a perfect alignment with the company’s transformation strategy to provide solutions for meeting the changing energy needs of our world.
Note to editors
Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.
Nobel Energy and Ministry of Energy sign MoU for Construction of 400MW Solar Power Plant
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Prokon is entrusted new critical M&R scopes in Türkiye
Prokon Makina, Insaat, Imalat, Montaj, Sanayi ve Ticaret Ltd (Prokon Türkiye), Prokon’s subsidiary, is pleased to announce that it has signed two new contracts with Türkiye Petrol Rafinerileri A.S. (Tüpraş) to provide maintenance, repair and replacement works at the Kirikkale Refinery.
Within the framework of the contracts, Prokon Türkiye will provide the maintenance and repair works of the static equipment, and replacement works of the column and the blowdown chimney during the planned shutdown period, which started on early February, and is planned to be completed before the end of March, 2023.
Vugar Samadli, Chief Executive Officer, Nobel Energy said: “Prokon has successfully delivered previous critical M&R works for Tüpraş’s Izmit Refinery. Now, trusting us crucial works packages of Turkish downstream giant’s another refinery – Kirikkale, underscores Prokon as a reliable solution partner.
This project is a significant success for Prokon Türkiye’s portfolio, as the Kirikkale Refinery has annual 5.4 million ton crude oil processing capacity, which holds the status of Türkiye’s largest road tanker filling capacity and a strategic place for the regional energy security. I am confident that Prokon will continue its partnership with Tüpraş in its existing and future undertakings”.
Note to editors
Established in 2012, as a full service construction company subsidiary of Nobel Energy Group, Prokon specializes in management of integrated infrastructure, industrial plants and facilities construction processes from design adaptation to procurement and construction. Nobel Energy is part of NEQSOL Holding, an international group of companies operating in eight countries across the energy, telecommunications, hi-tech, and construction industries.
Further information about Prokon: www.prokon.az
Tüpraş is a Türkiye-based company specialized in the refining of crude oil and petroleum products. It operates four refineries in Izmir, Izmit, Kirikkale and Batman that are processing 33.2 million ton crude oil per year, and producing various petroleum products.
Prokon is entrusted new critical M&R scopes in Türkiye
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Glensol becomes bp’s major services provider
Glensol, Nobel Energy’s field operations and equipment maintenance subsidiary, is pleased to announce that it has been awarded a major contract by bp for the provision of gas turbine maintenance services in the Azerbaijan Georgia Turkey region.
As part of the contract, Glensol will provide the maintenance services for bp’s entire onshore and offshore fleet of gas turbine packages in the Caspian Sea.
Eldar Mammadzada, Chief Commercial Officer, Nobel Energy: “Glensol has entered a new era of strategic partnership as it became the first local service provider to execute a critical work of a globally recognized Original Equipment Manufacturer for bp’s most strategic assets in the region. The company looks forward to delivering on the contractual commitments at a world-class level, and continue to support bp – our long-time client – operations on the current and upcoming projects.
This is a momentous time in the history of Glensol, a local company that has displayed a strong commitment to safety, continuous improvement, and global industry standards to achieve this significant milestone. We are thankful to bp for their constant support to the development of local capabilities that has allowed businesses like Glensol to apply their expertise to increasingly complex areas.
Glensol has continually invested in its resources and infrastructure to raise the bar higher on service provision, what has allowed the business to become a trusted partner in delivering critical projects both locally and internationally”.
Note to editors
Established in 2012, as a field operations and equipment maintenance subsidiary of Nobel Energy, Glensol has been a trusted provider – of local and international oil and gas companies with rotating equipment, including turbomachinery services and controls, operation and maintenance services – to SOCAR, bp, and other major energy companies in the region and across the world.
Further information: www.glensol.az
Glensol becomes bp’s major services provider
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