SMB

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

Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues

3 SMB Development Centers will be commissioned for entrepreneurs 18.08.20

One of the main activities of the Small and Medium Business Development Agency (SMBDA) is to expand access to knowledge and innovation for micro, small and medium entrepreneurs.

For this purpose, 3 new SMB development centers will be launched in Baku and Sumgayit, Yevlakh region in the coming days.

At present, appropriate measures are being taken to organize the activities of the centers.

Free support for those wishing to start a business in SMB development centers in Baku, as well as in Absheron and Aran economic regions, micro and small businesses in the organization of business-oriented trainings and seminars, consulting services, participation in internship programs, information and awareness activities, directing business ideas to existing financial resources and services will be provided.

It should be noted that the first SMB Development Center was established in Khachmaz. More than 120 SMBs have benefited from the training and consulting services of the Khachmaz SMB Development Center, which has been operating since February 2020. So far, the center has funded the business ideas of 4 entrepreneurs, supported the creation of 4 new SMBs and 5 LLCs.