UFAZ Foundation, established by Decree n. 1121-Q77-3955 from October 15th 2021 by the Ministry of Justice of Azerbaijan, operates in link with the French-Azerbaijani University (UFAZ) under the Azerbaijan State Oil and Industry University (ASOIU).
It has a status of a non-government organization, performing in the area of research and higher education cooperation between UFAZ and external stakeholders, through attracting external funding from private or public sectors in Azerbaijan or abroad. UFAZ Foundation is a non-profit organization, and it works in the sake of a general interest. The objective of UFAZ Foundation is to contribute to:
• The development and progress of research in the area of natural sciences in Azerbaijan;
• The promotion of research results for the benefit of society, innovation and economic growth;
• Sharing and dissemination of scientific knowledge;
• The development of a capacity for expertise and support for local associations, private and public companies in Azerbaijan and beyond;
• Training in research and through research;
• International cooperation and reinforcement of integration into the European Area of Higher Education and Research.
Revenues sources: Funds of the Foundation can be formed from the following sources:
Eligible expenditures: According to the UFAZ Foundation Charter, the following activities may be funded from the foundation resources:
Structure and management principles: The funds raised from donors are managed in a rigorous and transparent manner through accounting transparency obligations and a set of defined management bodies and management procedures.
Donations or other revenues may be done on the following banking account of UFAZ Foundation or directly on the UFAZ Fund page on the UFAZ web-site, www.ufaz.az :
Ünvan: Bakı şəhəri, Nizami küçəsi 183 Bankın Adı Kapital Bank ASC 28 May filialı
Filialın kodu 200123
Müxbir hesab AZ37NABZ01350100000000001944 Benefisiarın adı UFAZ fondu (ADNSU)
Benefisiarın hesab AZ58AIIB380600C9445815176112 Benefisiarın VÖEN-i 1400196861