Three more companies became residents of Pirallahi High-Tech Park
Three more companies operating in the field of high technologies in Azerbaijan have been registered as residents of Pirallahi High-Tech Park of the Innovation Agency of the Ministry of Transport, Communications and High Technologies.
Registration certificates were presented to the iTicket project of ITICKET LLC, the Smart Bus project of NN GROUP LLC and several projects of LOF STUDIOS LLC.
Residents will be provided with production areas for the development of high technologies, the implementation of activities in the technopark, the preparation and development of innovative products and high technologies and conducting scientific research. Companies will also be able to take advantage of the benefits provided for residents in the Tax Code of the Republic of Azerbaijan and the Law on Customs Tariffs. Thus, residents will be exempt from income tax, property and land tax, VAT and customs duties on imports of machinery, technological equipment and installations for 10 years from the reporting year in technoparks.
Projects that became residents:
– iTicket project of ITICKET LLC is a platform developed in accordance with international standards and based on artificial intelligence. The purpose of the project that sells tickets for concerts, theaters, sports, entertainment and many other events, is to introduce the Azerbaijani brand of artificial intelligence to the international market and increase its market share.
– Smart Bus project of NN GROUP LLC is a new generation bus powered by solar and wind energy. The bus is equipped with eco-technologies and is completely environmentally friendly. The objective of the project is to develop the green industry in Azerbaijan, as well as to train local specialists in the relevant field. The project also aims to promote the Made in Azerbaijan brand in the world market in a new direction.
– LOF Studios (Land Of Fire Studios) is the first multifunctional studio in Azerbaijan and neighboring regions, which is engaged in the development, marketing, publication and sale of high-tech digital products, such as movies, video games, mobile applications from A to Z. The studio has four types of projects: Project BOB – mass multiplayer, VICON Motion Capture Systems – motion capture system, LABOR Employment Club – a mobile application on the principle of uberization to eliminate unemployment and MEDYBOT medical bot – online ordering and organization of all health care institutions, doctors and all the services they provide. The main purpose of the projects is to prevent unemployment, develop the mobile applications and video games industry, and support the development of talented young people in this field.
Thus, the number of residents in Pirallahi High-Tech Park has reached seven. Pirallahi High-Tech Park was established by the Decree of the President of the Republic of Azerbaijan to ensure sustainable economic development and increasing competitiveness, expansion of information and communication technologies based on modern achievements of science and technology, conducting scientific researches, and creation of modern complexes for the development of new information technologies.
