SMB

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

27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

Acceptance of documents for the grant competition is underway 09.12.21

Acceptance of documents for the competition announced for funding micro, small, and medium entrepreneurs’ scientific and support projects ends at 18:00 on December 14. The Small and Medium Business Development Agency (SMBDA) informs SMBs wishing to submit their projects in the relevant areas to the competition that they may apply to the Agency until the date specified.

SMBs can provide documents required for participation in the competition to the Agency electronically (info@smb.gov.az) or directly (134, Ataturk Avenue, AZ1069, Baku).

Note that according to the Rules approved by the Resolution of the Cabinet of Ministers on September 30, 2020, legal entities and individuals engaged in micro, small, and medium business can participate in the competition. Each person can submit only 1 project for the competition. The project implementation term should be within 3-12 months Each project will be funded for a maximum of AZN 20,000.

SMBs wishing to participate in the competition can find the appropriate application and project and budget justification forms on the Agency's website (https://bit.ly/3C8XQEm), and for detailed information, call (012) 404 04 01 and Call Center 131. SMBs can take advantage of the free support and services of the Agency's SMB development centers in the preparation of documents for the competition. Projects will be assessed based on their impact on the SMB development, innovativeness, the presence of a sound idea, the possibility of application for practical purposes, the availability of appropriate material and technical base to implement the project, and other similar factors.

The competition results will be posted on the SMBDA’s official website www.smb.gov.az after February 10, 2022.