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

SMBDA took part in the event held as part of the Global Entrepreneurship Week 15.11.21

“Micro, small, and medium enterprises are the driving force of the modern economy, and measures are being taken all over the world to increase the role of SMBs in the national economy. The main SMBDA’s goal is to support the development of SMBs and increase their role in the economy and employment,” the chairman of the Board of the Small and Medium Business Development Agency (SMBDA) the at an event arranged by the US Embassy in Azerbaijan as part of the Global Entrepreneurship Week.

The SMBDA chairman reported on the support and services provided by the Agency, spoke about the Agency's support mechanisms to expand the SMB’s business knowledge, facilitate access to markets, financial resources, and “G2B” and “B2B” services, as well as the work done in connection with digitalizing SMBs and social entrepreneurship activity. It was noted that 25 “Startup” certificates have already been issued to micro and small entrepreneurs. More than 100 services in the government-to-business and business-to-business formats are provided to entrepreneurs in a single space by SMB houses, and in the nearest future, the “e-SMB house” portal will also be launched. The number of SMB development centers providing entrepreneurs with information and consulting services to improve their business knowledge has reached 21, and in the first half of this year, SMBDA arranged more than 500 pieces of training, attended by more than 9 thousand entrepreneurs and startups.