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

Winners of the competition “From Idea to successful business” announced 13.11.21

The results of the startup competition “From idea to successful business” held 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” company, have been summed up.

For this purpose, on November 12, an event was arranged, attended by representatives of the Ministry of Economy, ARMSB, and “Ekvita”, an expert from the European Union, and the competition participants. It was noted that the competition’s goal was to identify the most successful startups and their potential in the regions of Azerbaijan. Herewith, the competition was aimed at supporting new business ideas, creating and developing products and services. 95 startup projects were submitted to the competition. The projects were assessed by a jury of local and foreign experts, and 3 winners were determined. The winning projects are related to the health, agriculture, and food sectors.

At the end of the event, the winners were awarded certificates and prizes.