Baku, September 23, AZERTAC

A joint project of the University of Siegen of Germany and Azerbaijan State University of Economics (UNEC) on EE-KEY-AZ Entrepreneurship Education: a Key to Job Creation and Employability in Azerbaijan has become the winner of a contest held by the head office of the German Academic Exchange Service DAAD in Germany. Meetings and trainings with the academic staff’s, young research fellows’ and students’ participation are planned to be held in both Azerbaijan and Germany within the project granted. At the same time winter schools and workshops are to be held in both countries. Business planning, innovation management, logistics, e- commerce, risks management and other fields will be covered within the trainings. The project covers all levels of higher education. The development of a joint graduate program is also placed main targets of the project.

The competition of “A Small Business Plan” planned to be held among the young scholars will help the employees conducting research in this area. And the “Financial Consultant Clubs” will give the undergraduate, graduate and doctoral students the opportunity of forming as consultants. Research fellows will get a chance of passing internship in different companies of Germany and Azerbaijan. Another interesting aspect of the project is the integration of the employees involved to trainings in alumni database to be established.

The execution of the project will start in October of 2016 and last for four years. UNEC is the only higher education institution participating in the competition as a partner from Azerbaijan.