SMB

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

The results of the startup competition "From us to business" have been announced Rwandan delegation got acquainted with activities of the "Baku SMB House" "Investment journey" event took place in Masalli 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

"Baku International CEO Summit" discussed development of public-private cooperation and strengthening of corporate governance 15.11.22

The first "Baku International CEO Summit" is taking place in Baku.

Orkhan Mammadov, the Chairman of the Board of the Small and Medium Business Development Agency (KOBİA), spoke at the event and noted that the development of public-private cooperation and the strengthening of corporate governance are important goals in Azerbaijan's 2030 National Priorities. He also provided information on the KOBİA's efforts in this area. It was stated that KOBİA is interested in developing public-private cooperation projects. Corporate governance principles are means of increasing business competitiveness and commercial value. In this regard, commercial entities’ participation in this policy, including enhancing corporate management in business are crucial. Lack of awareness among business subjects affects the development of corporate governance issues. To raise the level of awareness of corporate governance and sustainable development among all interested parties, it is crucial to conduct diversified educational initiatives. For the promotion and advancement of corporate management, the trainings and hands-on consulting services provided to entrepreneurs in the SME development centres set up by KOBİA in various cities and regions of our country are important. Since 2021, the financing of education, science, research and support projects of SMEs has been started. This support measure implemented by KOBİA is substantial in terms of the implementation of new mechanisms and innovative projects, the scientific study and application of useful models and technological innovations affecting the activities of entrepreneurs.