Baku: The American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) co-organized the internationally recognized 'Technovation by PMI' Forum in Baku on June 11.
According to Azeri-Press News Agency, the event brought together representatives from government institutions, the business community, and experts from relevant fields. The forum served as a platform for discussions on the role of science and innovation in shaping the future of the economy and various industries.
'Technovation by PMI' is part of a series of international forums that promote dialogue on innovation, science, and regulatory issues. Participants at the event emphasized that technological progress, supported by scientific research, can contribute not only to the transformation of economies and business models, but also to serving public interests. The discussions highlighted the importance of a clear and predictable regulatory environment and evidence-based policy approaches in fostering innovation, realizing the potential benefits of new technologies, and creating a favorable innovation ecosystem.
Dayanat Sadullayev, President of AmCham Azerbaijan, opened the event with remarks stressing the importance of constructive dialogue and cooperation among government institutions, the business community, and international partners to promote innovation-driven development. Huseyn Huseynov, Adviser to the Minister of Economy of Azerbaijan, addressed participants on the country's economic development priorities and the growing role of the non-oil sector in ensuring long-term prosperity.
Alexey Kim, Director of External Affairs for the CIS Region at PMI, highlighted the importance of regulatory and tax policies that encourage innovation, strengthen public-private partnerships, and generate societal benefits. The forum's first panel session, titled 'Economic Diversification through the Promotion and Development of the Non-Oil Sector,' focused on opportunities and policy priorities supporting Azerbaijan's economic transformation. Speakers included Elnur Soltanov, Deputy Minister of Energy, Valeh Alasgarov, Chairman of the Board of the Authorized Body of the Alat Free Economic Zone, and Fariz Jafarov, Executive Director of 4SIM. This session was moderated by Tugra Musayeva, Deputy Chair of AmCham Azerbaijan's Innovation and Digital Economy Committee and Head of Innovation at PASHA Financial Holding.
The second panel session, 'Corporate Transformation Towards Harm Reduction and Sustainable Development,' discussed how companies use innovation, technology, and scientific achievements to adapt to changing market demands, enhance sustainability, and create long-term value. Speakers included Dr. Uygar Durgunay, Managing Director of Acwa, Marianna Karimova, Transformation and Technology Manager at bp, and Tomoko Iida, Director of Scientific Engagement at PMI. The session was moderated by PMI representative Oleksii Kalynichenko.
Yuri Gordok, Managing Director of PMI for the Caucasus region, stated, 'Technovation reflects our commitment to science-based innovation and open dialogue. Evidence-based regulation plays an important role in this process by creating a transparent and predictable environment for innovation and access to better alternatives.' The event concluded with remarks by Zaur Karimov, Executive Director of AmCham Azerbaijan, who emphasized the importance of such initiatives in strengthening Azerbaijan's position as a key platform for innovation and future-oriented dialogue. He expressed gratitude to all speakers, participants, government representatives, and PMI for their contributions to the success of the event.
The forum attracted more than 150 participants, including senior business leaders, government representatives, stakeholders, and local and international media representatives, underscoring the relevance and importance of the topic. Notably, the Technovation Forum was also successfully held in the United States and Sweden in 2026.