SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

A seminar was conducted on the theme of "Transforming SMBs towards a Green Economy and Green Finance" 6 micro-enterpreneurs have been awarded with "Startup" certificates B2B business meetings were convened between Azerbaijani and Pakistani businessmen The representatives of KOBİA visited Saudia Arabia Meeting with women entrepreneurs in Sumgait "The program Karabakh SMBs” are set to extend in 2024 The conference devoted to ”Day of Enterpreneurs” held The meeting held between KOBİA and Federative Republic of Somalia Kenyan delegation became familiarized with the activities of the "Baku SMB House" The next meeting of the subgroup focusing on environmental, social, and corporate governance (ESG) standards was recently held.

200 applications submitted to the 2nd grant competition 22.12.21

Receiving documents for the 2nd grant competition for funding scientific and support projects of micro, small, and medium entrepreneurs, announced by the Small and Medium Business Development Agency (SMBDA), has ended. In total, 200 applications were submitted to the competition. 93 and 101 SMB projects belong to legal entities and individuals, respectively; 186 projects have been submitted by micro, 5 -small, and 3 - medium businesses. Most of them are support projects. The projects are currently being assessed by the Expert Commission. The results will be posted on the SMBDA’s website www.smb.gov.az after February 10, 2022. Up to AZN 20,000 will be allocated for each approved project.

Note that funding SMB’s educational, scientific, research, and support projects started in 2021 according to the Rules approved by the Resolution of the Cabinet of Ministers on September 30, 2020. As a result of the first grant competition held for this purpose, 15 SMB projects have been funded. For more information on the support mechanism: https://bit.ly/3mjXLsa