SMB

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

The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues Is it necessary to obtain a license for every type of business activity? Free business trainings for entrepreneurs will be held in September Issuance of investment promotion document for strategic investment projects continues Appeals from entrepreneurs of the Lankaran-Astara Economic Region were heard Another 10 SME entities will benefit from a tax exemption Domestic market research in 10 areas will be conducted on the initiative of KOBİA For the attention of entrepreneurs operating in Astara and Lankaran cities!

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