The Cabinet of Ministers of the Republic of Azerbaijan adopted Decision No.370, on 27 September 2016 (Decision) based on the Decree of the President On approval of Model Regulation on technology park.
The Decision approved the Rule of organization and management of joint technology park (Rule).
The Rule regulates organization and management of joint technology park (Joint Technopark). The main objective of the Rule is attracting private and foreign investors to the sphere of innovations and high technologies.
The Rule applies to the state-owned, municipal and private lands with the aim of participation of investors in establishment of Joint Technopark on these lands. Joint Technoparks can be both specialized and of mixed profile.
For participation in establishment of Joint Technopark, investor applies with the investment proposal and necessary documents in the following procedure depending on the owner of land:
1. Referring to the state-owned lands:
• to the state executive body or state enterprise (State authority);
• to the state science and education enterprise for establishment the Joint Technopark near the state science and education enterprises (Education enterprise);
2. Referring to the municipal lands:
• to the relevant municipality;
3. Referring to the private lands:
• to the private owner.
Evaluation of investor’s proposal referring to the state-owned lands is conducted by the evaluation commission (Commission) created in the State authority and Education enterprise. In case of positive opinion of Commission under the Education enterprise on investor’s proposal, proposal is submitted to the President of the Republic of Azerbaijan after the submission to the Cabinet of Ministers of Azerbaijan. In case of positive opinion of Commission under the State authority on investor’s proposal, proposal is submitted to the President of Azerbaijan directly.
The decision about establishment of Joint Technopark referring to the state-owned lands is adopted by the President of the Republic of Azerbaijan, referring to the municipal lands by the relevant municipality, referring to the private lands by the private owner.
In case of positive decision on establishment of Joint Technopark, management of Joint Technopark is realized by the management organization according to the participation’s share of investor and state/municipality/private owner depending on the owner of land.