TransTechCapital (TTC) is delighted to announce that during a visit by Azerbaijan National Academy of Sciences’ (AMEA) Head of Innovation department Dr. Vugar Babayev to the UK, TTC and AMEA signed a Memorandum of Understanding to create an exemplary technology transfer function for the efficient commercialisation of intellectual property arising in AMEA’s technical institutes.
TTC is particularly interested in Azerbaijan due to the country’s excellent technical Institutes, Universities and Academies. They have also recognised the significant workforce up-skilling taking place as a result of hosting global sporting events such as Baku 2015.
TTC hosted Dr. Babayev’s visit to the UK; which included successful meetings with some of the UK’s premier technology transfer and investment experts at the Universities of Oxford, UCL (London) and Manchester.
AMEA’s Head of Innovation department Dr. Vugar Babayev commented, "We are delighted to have agreed this MoU with TransTech Capital and grateful for the introductions they made to their high-level relationships in technology transfer in the UK. TTC’s expertise in technology transfer, commercialisation and venture funding will be of very significant value to AMEA.”
TTC General Partner Simon Robeson commented: "There is a significant body of innovative research present within AMEA. Azerbaijan is truly a country of opportunity. Given the strength of institutions such as AMEA and Government investment in skills development through events such as the European Games, we want to be a part of delivering this young nation’s exciting potential.”
About TransTechCapital LLP
TTC is a venture capital advisory and investment firm and part of the award winning MTI Partners technology investment group, which has been investing in the technology commercialisation sector since 1983.
In the course of its advisory and investment activities, Team members have invested in and nurtured over 100 technology businesses. TTC’s advisory team has considerable experience of technology transfer and commercialisation which includes technology research, development, due-diligence, investment and exits. In the course of its investment activities, the Team has worked with many of the world’s leading universities Technology Transfer Offices.
TTC is focussed on transferring its technology commercialisation, due-diligence and venture funding expertise to academic institutions and corporations in Azerbaijan in its pursuit of non-oil based GDP growth.
For more information on TransTech Capital LLP’s activities in Azerbaijan, please contact: Simon Robeson, General Partner, TransTech Capital LLP:
UK Tel+44 (0)1207 591 397
UK Fax+44 (0)1207 590 124
Azerbaijan Cell0503 734742
UK Cell+44 (0)7885 680 237
www.ann.az
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