SMB

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

Today International Day of Micro, Small and Medium-sized Enterprises is marked An exhibition showcasing products and services from over 150 domestic companies is currently underway. The product of artificial intelligence for intelligent search has been developed in Azerbaijan. The "Investment Journey" event took place this time in the city of Sheki Meeting with Students of Baku Business University The "Advertising Exhibition of Local Companies" launches Importance of applying Environmental, Social, and Corporate governance principles for business Exhibition-sale fairs will be held in the regions of the country A document was signed between KOBİA and the Belarusian Chamber of Commerce and Industry The number of entities awarded with the "Startup" certificate has reached 151

200 applications submitted to the 2nd grant competition 22.12.21

Receiving documents for the 2nd grant competition for funding scientific and support projects of micro, small, and medium entrepreneurs, announced by the Small and Medium Business Development Agency (SMBDA), has ended. In total, 200 applications were submitted to the competition. 93 and 101 SMB projects belong to legal entities and individuals, respectively; 186 projects have been submitted by micro, 5 -small, and 3 - medium businesses. Most of them are support projects. The projects are currently being assessed by the Expert Commission. The results will be posted on the SMBDA’s website www.smb.gov.az after February 10, 2022. Up to AZN 20,000 will be allocated for each approved project.

Note that funding SMB’s educational, scientific, research, and support projects started in 2021 according to the Rules approved by the Resolution of the Cabinet of Ministers on September 30, 2020. As a result of the first grant competition held for this purpose, 15 SMB projects have been funded. For more information on the support mechanism: https://bit.ly/3mjXLsa