ABB Innovation

About ABB Innovation

ABB Innovation Center is a corporate innovation program of ABB (International Bank of Azerbaijan) that curates ABB’s digital and online services through startups with new technology ideas, products, solutions, or services. It enables a thriving innovation culture inside ABB by helping teams develop out-of-the-box ideas and solutions to imposing challenges. The primary goals of the ABB Innovation Center are to enable a leading and sustainable fintech ecosystem in Azerbaijan and its region. It aspires to foster innovation in financial services, enhancing digital platforms for SMEs and individuals. It aims to bring up best talents towards new technologies, support entrepreneurs for their innovative ideas and projects, and promote an innovative culture and build capability within the organization. ABB Innovation implements its mission and goals through multiple programs. It creates a talent base of developers in Azerbaijan. ABB Tech Academy is a rigorous capacity-building program of ABB that trains junior talents through programming languages and advanced technologies to create an ecosystem that enables young professionals to enter into a competitive labor market. It boosts innovative ideas and startups. Its startup program includes multiple facilities: Hackathons that enable entrepreneurs and developers with innovative ideas, Incubation that ushers early-stage startups into viable businesses, Accelerator that fosters startups into scaling companies, and Investor Club that facilitates fundraising for startups and sources prospects for investors. It engages ABB employees towards entrepreneurship. A Corporate Entrepreneurship program with a set of actions engages employees towards innovation, creativity, and better results. It advances an open innovation. It is developing an API Gateway that curates to open banking and innovation practices in the Azerbaijani fintech ecosystem.