SMB

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

Attention to SMEs Interested in Collaborating with Oil and Gas Companies! An event dedicated to the 102nd anniversary of the birth of Heydar Aliyev was held at KOBIA Entrepreneurs’ Questions Regarding the 7th Grant Competition Addressed A Meeting Was Held with Female Inmates at Penitentiary Institution No. 4 of the Penitentiary Service A Memorandum of Understanding Signed Between KOBIA and the Belarusian Universal Commodity Exchange JSC The Path to Entrepreneurship – Take Your First Step into Business with the Self-Employment Program Attention to the SMBs with questions regarding the 7th Grant Competition Support from entrepreneurs to football clubs within the framework of Corporate Social Responsibility The 6th Meeting of the Azerbaijan–Saudi Arabia Joint Business Council Held in Riyadh Conference on "Constitution and Sovereignty – The Development of Entrepreneurship in Azerbaijan" Held

Entrepreneurs to apply to KOBİA for support in conducting market research 01.11.23

Domestic market research provides the entrepreneur with the dynamics of development of the field, production and export opportunities, competitors, necessary documents, state support measures, consumer views and other related information.

SMBs seeking to expand their business activities and produce new products and services are given opportunity to apply to the Small and Medium Business Development Agency (KOBİA) for domestic market research in the relevant field. For this purpose, SMBs are encouraged to apply directly or electronically by filling out the appropriate application form on the Agency's website www.smb.gov.az.

It is significant to underline that market research is of great importance when expanding production and creating new products and services. Market research provides the entrepreneur with complete information on the current state of the market, including the development dynamics of the field, production and export prospects, required workforce, sales, competitors, documentation, consumer opinions, price, state support measures, etc. This provides in-depth market information to entrepreneurs seeking to start a business, produce new products and services, insuring them against risks that may occur later. Part of the cost that SMBs have to bear to conduct market research is covered by state support. Thus, 80% of the cost for each domestic market research performed based on the application of a micro business entity, 50% of the cost of the research performed at the request of a small business entity is paid by the state. The amount of support paid for each domestic market research is up to 20,000 manats. Entrepreneurs are stimulated to apply for market research individually or in groups.

For more information on domestic market research visit the following link: https://bit.ly/3DUJGHU