SMB

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

The most active entrepreneurs of 2024 have been awarded A citizen reception was held at KOBİA Results of the 6th grant competition announced for financing projects by SMB entities have been disclosed A memorandum on the green transition of SMBs signed between KOBİA and the Asian Development Bank Business forum conducted within the framework of the project "Increasing attractiveness of the Shamakhi district for private Investments" New Startups Contributing to Digitalization The 9th "KOB Fest" exhibition -sales fair is underway in Göyçay With the support of KOBİA, Azerbaijani entrepreneurs' products were showcased at the "MÜSİAD EXPO" and "Halal Expo" exhibitions Yet another meeting of the sub-group on Environmental, Social, and Corporate Governance (ESG) standards was held 8 more SMBs have received the "Startup" certificate

Applications continue to be accepted for the "Power of Women in Business" project 10.11.22

Applications for the "Power of Women in Business" project initiated and organized by the Small and Medium Business Development Agency (KOBİA) and Rabitabank JSC in partnership with the National Confederation of Entrepreneurs (Employers) Organizations of the Republic of Azerbaijan and the Association for the Development of Women's Entrepreneurship in Azerbaijan (AQSİA) continue to be accepted.

Female entrepreneurs-SMEs in various fields (food, textiles, tourism, education and others) are applying for the project, which started on October 17. Female entrepreneurs operating in the regions are more interested in participating in the project.

An educational session with 60 women in attendance was organized in the Gakh region as part of the programme.

It should be noted that the "Power of Women in Business" project aims to increase the role of female entrepreneurs in the national economy, to boost their business activity, to foster relationships aimed at advancing education, and broadening access to financial resources with preferential treatment. The project covers the period from October 2022 to March 2023. The top 3 projects submitted by female entrepreneurs who participate in the project implementation process will be chosen at the project's conclusion, and the winners will receive cash awards to help grow their enterprises (1st place 5000 AZN, 2nd place 3000 AZN, 3rd place 2000 AZN). At the same time, trainings, production experience, "networking" events will be organized for female entrepreneurs as part of the project.

Applications for the project will be accepted through December 9, 2022, at 18.00. Female entrepreneurs interested in taking part in the project can visit the following link to submit an application: https://bit.ly/3iGusBu

For additional information: Aygun Ahmadova, e-mail: aygun.ahmadova@smb.gov.az, phone: (+994) 55 792 24 26.