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

KOBİA shares the successes of Azerbaijan's startup ecosystem at the Global Entrepreneurs Congress 19.09.23

Azerbaijan's experience of supporting startups was conveyed at the "Ministerial Meeting on Startups" held in Australia with the involvement of 30 countries.

The Global Entrepreneurship Congress (“GEC2023”) is hosted by the Global Entrepreneurship Network in Melbourne, Australia. Government officials, businesspersons and startups from 30 countries of the world are taking part in the event. Representatives of the Small and Medium Business Development Agency (KOBİA) also attend the congress.

At the event "Ministerial Meeting on Startups" held as part of "GEC2023", Orkhan Mammadov, Chairman of the Board of KOBİA conveyed information on the innovation ecosystem of Azerbaijan and the experience of supporting startups in our country. It was emphasized that many successful reforms are being carried out in the field of support and development of the startup ecosystem in Azerbaijan, including the improvement of legislation, various incentives and privileges for startups, and about 10 incubators and acceleration centers supported by the state and private sector are operating. Startups are awarded a "Startup" certificate, which provides tax benefits. So far, KOBİA has presented over 100 such documents to micro and small entrepreneurs. The Startup Development Center operates in "Baku SMB House", grant support is provided to innovative projects.

Orkhan Mammadov highlighted that after the liberation of the territories of Azerbaijan from the 30-year Armenian occupation, the concepts of "smart city" and "smart village" began to be implemented in these territories. The Azerbaijani government applies the most modern technologies and solutions in the restoration and reconstruction process to build an innovative and digital society and economy in the Karabakh region.