BAKU, Azerbaijan, April 24. Ensuring that
innovation-driven activities deliver tangible results depends
directly on effective coordination and a strong institutional
approach, Vusal Shikhaliyev, sector head at the Economic Policy and
Industrial Affairs Department of the Presidential Administration,
said during a roundtable in Baku titled “Innovative Potential:
Intellectual Property + Artificial Intelligence,” held on the
occasion of International Intellectual Property Day, Trend reports.
He emphasized the importance of maintaining a balanced approach
to innovation input and output in Azerbaijan:
“We continuously hold discussions and take measures related to
rankings in the Global Innovation Index. In Azerbaijan, the
Commission on Business Environment and International Ratings was
established in 2016. Currently, the Commission is chaired by Deputy
Prime Minister Samir Sharifov. The Commission includes 25 working
groups, where existing opportunities are explored. We have built an
efficient and flexible system in cooperation with state
institutions and the private sector,” he said.
Shikhaliyev noted that all components must be thoroughly
analyzed to ensure results-based innovation:
“We need to carefully consider the balance between innovation
input and output in Azerbaijan. The country holds a strong position
in terms of innovation input, and we have significant potential in
innovation output. With proper coordination and alignment, we can
transform this potential into economic value. We must take steps to
commercialize these innovative products to achieve higher positions
in international rankings,” the official added.
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