In 2023, SOCAR started partnering with Axel, a Georgian network of angel investors that connects businesses and investors.

Within the framework of collaboration, on December 21, Axel hosted the 31st edition of the year's highlight event, Fuckup Nights Tbilisi. Investors are also humans; on Fuckup, investors discussed the failures they encountered on their road to success.

On June 30, 2024, Axel, the Georgian Business Angel Network, hosted a large-scale international investment conference in Ciskari Garden in collaboration with EBAN (European Business Angel Network) and GBAN (Global Business Angel Network). The event was organized for the third time, which is extremely important for the growth of local entrepreneurs.

The collaboration between SOCAR Petroleum Georgia and Axel encompasses the growth of Georgia's startup ecosystem through a variety of projects and objectives. The SOCAR team actively supports both Axel and their startups. As a corporation with a strong social responsibility, SOCAR understands the necessity of promoting not only its team but also societal development.