BAKU, Azerbaijan, September 17. Human resources
and talent are key to building a successful innovation ecosystem
and supporting economic development, Azerbaijan’s Minister of
Economy Mikayil Jabbarov said, Trend's correspondent reports from the event.


He made the remark during his speech at the opening ceremony of
the Baku ID 2026 innovation festival held at the SABAH.city
innovation campus.


Jabbarov said that when education, innovation, real economic
players, demand and supportive government policies come together,
favorable conditions for success are created.


The minister said that the innovation ecosystem being developed
in Azerbaijan is highly important in terms of enabling rapid action
and creating opportunities for regional impact.


Furthermore, Jabbarov noted that in today’s world, it is not
right for any country or economy to claim that it knows everything
and is the best in every field. "In today’s interconnected world,
it would be very dangerous for anyone to claim that ‘we know
everything’ or ‘we are the best at everything.’ The key issue is
integration, the flow of ideas, the exchange of experience among
people, cross-border operations and investment," the minister
stressed.







According to him, alongside focusing on a specific product or
service, it is important to create the right environment that
enables such products and services to emerge. "As I noted earlier,
when education, innovation, real economic players, demand and
supportive government policies come together, achieving success
becomes simply a matter of time and probability," Jabbarov
said.


The minister noted that human resources and talent are the
greatest capital for economic development. "Rather than focusing on
a specific product or service, it is necessary to create the right
environment. Trees, too, grow only when the conditions are right.
In this sense, human resources and talent are the greatest
capital," he added.


Jabbarov also touched on the role of innovators, saying that
those working in this field are the main driving force behind new
ideas and innovations. "If I were an innovator, I would not be a
minister. The innovators in this room and outside this room are
much better than we are, and that is precisely why they are here,"
the minister noted.