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

The startup competition “From idea to successful business” has started 09.09.21

The startup competition “From idea to successful business” has started as part of the project "Support for the development of entrepreneurship in rural areas of Azerbaijan", funded by the European Union and implemented with the support of the Small and Medium Business Development Agency (SMBDA) and “Ekvita”.

The competition is aimed at identifying the most successful startups and their potential in the regions of Azerbaijan. Herewith, the competition's purpose is to support new business ideas, creating and developing products and services in Azerbaijan.

Startup projects submitted for the competition will be evaluated by local and foreign experts. The three winners will be awarded cash prizes and supported in establishing business contacts for the development of the startups presented.

As micro and small business entities, the winners of the startup competition “From idea to successful business” will also be able to apply to SMBDA for a “Startup” certificate. Note that the “Startup” certificate exempts SMBs from income tax and tax on income from innovation activity for 3 years from the date of receiving the certificate.

Those wishing to take part in the startup competition “From idea to successful business” should fill in the appropriate form by September 24, 2021 (https://bit.ly/3l2uzES).

Selection process:

Application and registration date: 09.09.2021–24.09.2021

Semi-final stage: 30.09.2021

Final stage: 05.10.2021

Requirements for a candidate:

- Citizenship of Azerbaijan;

- Official registration in any region of Azerbaijan, except Baku;

- Age within 18 - 29 years, incl.;

- For other terms and see https://bit.ly/3jWOvJX

The prize fund of the competition:

I place: 1.000 AZN

II place: 700 AZN