By January, there were reportedly almost 1,000 ‘unicorns’ globally –¬ unicorns being the term venture capitalists use to describe privately-held startups with a valuation of $1bn plus. And recent scandals involving unicorns don’t seem to have had a chilling effect on investors.
On 17 December, Baku hosted the first Summit dedicated to Corporate Innovation topic. Organized for the first time in Azerbaijan by PASHA Holding, the summit was held with support of Bakcell, PASHA Bank, PASHA Life, Kapital Bank, PASHA Insurance, BP and Caspian Innovation Center