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

Azerbaijani startups present projects to foreign investors 31.03.22

Azerbaijani startups also presented their projects at the Global Entrepreneurship Conference in Riyadh, Saudi Arabia, which was attended by hundreds of startups from around the world.

At the conference organized by the General Directorate of Small and Medium Enterprises (Monshaat) and the International Network of Entrepreneurs (GEN), with the support of the Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan, our startups were represented by online education abroad and online platforms that bring suppliers and providers together.

As part of the Global Entrepreneurship Conference held on March 27-30, our startups presented their projects to foreign investors and held a number of meetings in this direction.

It should be noted that one of the activities of SMBDA is to support the development of the startup ecosystem. The Agency issues a Startup Certificate to micro and small businesses, exempting them from profit and income taxes on their revenue from innovation activities for a period of 3 years.

Unibroad LLC and Supply Chain Community LLC, representing our country in Riyadh, were also awarded Startup Certificates. SMBDA also provides grants to support local startup projects, their access to global markets, and provides various activities to present their projects to local and foreign investors.