“Today, Israel is a leader in cyber security, financial technologies (fintech) and digital healthcare. In this regard, strengthening the innovation-related cooperation can make a significant contribution to the deepening of economic integration between our countries,” Chairman of the Board of the Small and Medium Business Development Agency (KOBIA) of Azerbaijan Orkhan Mammadov told at the Azerbaijan-Israel Innovation Forum.

Orkhan Mammadov emphasized that the development of innovative entrepreneurship was reflected in the strategic action plan of the Government of Azerbaijan. By 2026, Azerbaijan aims to increase the specific weight of the high and medium-high technology industry in the total added value to 15 percent, he added.