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A memorandum of cooperation supporting innovative development was signed between Nakhchivan State University, the Entrepreneurs Confederation, and "Cahan Holding".

The rector of Nakhchivan State University, Elbrus Isayev, provided detailed information about the activities of the higher education institution. He stated that traditionally, the Nakhchivan Autonomous Republic Entrepreneurs Confederation and Cahan Holding Group of Companies have always supported students both materially and morally. They have encouraged student participation in international projects and consistently prioritized their financial and moral support.

Following this, Vuqar Abbasov, chairman of the Nakhchivan Autonomous Republic Entrepreneurs Confederation and founder of Cahan Holding, emphasized that one of the main goals of the ongoing reforms in the country is to train local professional personnel and ensure that young people take their rightful place in local enterprises. He noted that students should make effective use of the favorable conditions created for them through these initiatives. Young people who constantly seek to learn and gain experience develop into professional specialists and have a significant impact on economic development.

Subsequently, a memorandum of cooperation was signed between Nakhchivan State University, the Nakhchivan Autonomous Republic Entrepreneurs Confederation, and Cahan Holding Group of Companies. The memorandum outlines expanding cooperation between the university and these organizations, enabling students of the Faculty of Economics to participate in large-scale projects, trainings, and internship programs with the Confederation and Cahan Holding. It also includes plans for organizing scientific-practical conferences, seminars, trainings, courses, and motivational meetings within the framework of cooperation. Additionally, a series of events will be held in the university’s upcoming Technopark in collaboration with Cahan Holding, aiming to combine academic potential with industry.

At the end of the event, Nakhchivan State University Rector Elbrus Isayev presented gifts to Vuqar Abbasov, chairman of the Nakhchivan Autonomous Republic Entrepreneurs Confederation and founder of Cahan Holding.