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

Production started at the enterprises established with the support of SMBDA 19.06.20

The Gobu Park 3 residential complex has started production of toys and medical supplies established with the support of the Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan.

The toy factory produces circa 1,000 soft toys daily in 15-20 varieties and about 500 plastic toys in 10 varieties. The medical equipment factory produces 600-700 pieces of uniform and apparel for patients and medical staff, 150-200 pieces of sterile surgical kits, about 5,000 medical masks, 100,000-150,000 shoe covers and other medical supplies.

At present, the toy factory and the medical equipment factory employs about 10 and 20 people respectively.

The products produced by these companies will soon be sold under the brands Tutu Toys and Gill med.

SMBDA provided support to entrepreneurs to establish both enterprises, such as conducting internal market research in the areas of business planning, registration and organization, development of business plans, company registration, training for staff, access to financial resources. Enterprises are exempted from rental costs.

Both companies are business and socially oriented and produce competitive product with potential to replace imports. Along with the domestic market, the products will be exported to foreign markets in the future. The company employs refugees and IDPs living in the Gobu Park 3 residential complex. Upon completion of the settlement in the residential complex, the number of employees in the toy factory and medical equipment factory will increase to 40 and 80 respectively. In general, 80% of the employees will be refugees and IDPs.

The production of toys and medical supplies began on May 28 this year with the participation of President Ilham Aliyev and First Lady Mehriban Aliyeva during the opening of the Gobu Park-3 residential complex in the Garadagh district of Baku.

An agreement on cooperation was signed in January 2020 between BIRGE LLC established by the Agency and the relevant department of the Committee within the framework of cooperation between SMBDA and the State Committee for Refugees and Internally Displaced Persons to ensure the employment of IDPs and refugees through business projects.