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

“INNOLAND” held a presentation on SMBDA’s support and services 20.12.21

"Innovation Center" of the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan arranged a presentation on the Small and Medium Business Development Agency’s (SMBDA) support and services for startups-residents of the "INNOLAND "Incubation and Acceleration Center.

The event was attended by the acting Director of the “Innovation Center” Vusal Rustamov, advisor to the chairman of the SMBDA Board Zaur Gardashov, and others.

During the presentation, the director of SMBDA’s Business service department Natig Heydarov and the Department employee Humbat Abdullayev provided detailed information on the “Startup” certificate issued to micro and small entrepreneurs and exempting them from income tax and tax on income from innovation activity for 3 years.

Startups were also informed of SMBDA’s domestic market research mechanism and grant competition for funding educational, scientific, research, and support projects, and participants were invited to actively use the Agency’s support and services.

At the event, the participants’ views on the development of their startups were also heard, and their questions were answered.