Biofactant startup project is in the final of the international competition “Entrepreneurship and Innovation”
Startup project of Baku Higher Oil School enters final of international competition
The startup project Biofactant, developed by the Innovation & Research Center of Baku Higher Oil School (BHOS), is one of the innovative projects that have been selected for the finals of the Innovation & Entrepreneurship competition held by the China University of Petroleum. At the next stage of the competition, the startup project Biofactant will compete with other finalist projects presented by universities around the world.
The main goal of the project is to obtain environmentally friendly surfactants from waste plant oils through synthesis. Project Manager of the Innovation & Research Center Elmar Asgarzade is Project Development Manager of the Biofactant project. Students of the Chemical Engineering Department of Baku Higher Oil School Gullu Huseynli, Afag Hashimli, and Natig Babayev are participating in the project, which will be implemented in the BHOS laboratories.
400 projects were selected for the Innovation & Entrepreneurship competition, of which 100 projects have reached the final. The competition, organized by the Chinese Ministry of Education, has been running since 2015. Last year, 4.57 million university students with 1.09 million innovative projects participated in the competition. Students from about 4000 colleges and universities in 124 countries participate in the competition. Within the framework of the Innovation and Entrepreneurship competition, more than 1,000 investors, enterprises, and international organizations provide support to winning and innovative projects.
The Organizing Committee awards certificates to the winners of the competition and helps them find investments and incubators.