SMB

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

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 Visit the Alley of Honor and the Martyrs' Alley Public Discussion Held on the Activity of Trade Networks Next meeting with entrepreneurs was hold in Aghjabadi district 450,000 AZN Allocated in Grants to Support Entrepreneurs' “Green Projects” Attention to Entrepreneurs Initiating Clustering Initiatives!

SMBDA and USAID launched a new initiative to support business associations 18.02.20

Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan and United States Agency for International Development (USAID) Mission in Azerbaijan have launched a new initiative to support business and professional associations operating in our country.

The purpose of the initiative is to develop partnerships among the state, private and civil society on social and economic goals, and highlight the role of business partnerships, organization of entrepreneurs and business associations in the field.

To this end, on February 18, a summit was held on "Supporting Business and Professional Associations in Azerbaijan" with the participation of state agencies, international organizations, business associations, and civil society institutions.

Speaking at the event, Orkhan Mammadov mentioned the government's efforts to organize entrepreneurs representing various sectors of the economy, including the activities of Agency, promotional activities, support for the establishment and development of sectoral associations and public unions. It was noted that the initiative launched by SMBDA and USAID in this area would be important for the public and private sectors.

Jaidev “Jay” Singh, Director of USAID Mission in Azerbaijan, noted that business associations that receive the technical support could transfer it to more small and medium businesses. As part of the initiative, USAID will provide some financial support to strengthen associations by evaluating projects to be proposed by business associations, public unions and NGOs. In this context, an establishment of a consortium will also be encouraged among business entities, public unions, business associations, and NGOs.

The panel discussions on the topics such as "Business and Professional Association Models in the World and Their Importance," "What makes Business and Professional Associations More Effective?” were also organized within the summit. Specialists from Azerbaijan, Turkey, Uzbekistan, and the USA delivered speeches on the topic.