SMB

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

Next Training Session for Export-Oriented Entrepreneurs Focuses on Working with Partners ANNOUNCEMENT At Baku Energy Week, KOBIA Promotes the Transition of SMEs to a Green Economy and the Baku Climate Declaration Meeting Held Under the Theme: “Human Development in Focus – MeetUp” Three More SMEs Awarded “Startup” Certificates Public discussion is organized due to green transport business Opportunities for entrepreneurial activities in regions : SME Friends, SME Development Agencies The Promotional Exhibition of Local Companies is Commencing Meeting was held with Entreprenuers engaed in import and export 8th Plenary Session of the CICA Business Council and the 10th Business Forum Held in Baku

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