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

Accepting documents for participation in the competition announced in connection with funding the SMBs’ projects is completed 19.03.21

Accepting documents for participation in the competition announced by the Small and Medium Business Development Agency (SMBDA) in connection with funding education, science, research, and support projects of micro, small, and medium businesses has ended.

Despite the competition was held for the first time, it aroused great interest among SMBs who submitted a lot of projects. At the next stage, the projects meeting the requirements will be estimated by the Expert Commission. The projects shall be estimated based on their impact on the development of micro, small and medium businesses, innovation, the sound idea, the possibility of practical use, the availability of the experience and material and technical base required to implement the project, and other similar factors.

The competition results will be posted on the official SMBDA website www.smb.gov.az after April 19, 2021.

SMBs that have failed to take part in the competition will be able to participate in the next competition, which is supposed to be held during the year.

Note that the first competition for funding education, science, research, and support projects of SMBs is held according to the Guidelines approved by the Cabinet of Ministers on September 30, 2020. Detailed information on the competition can be obtained on the Agency's website (https://bit.ly/3oZx4HZ) and through the Call Center (012) 404 04 01 or 131.