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

"From Us to Business" startup competition is underway 30.10.24

The purpose of the project is to stimulate innovation, to bring about enabling environment for new businesses, and to support startups in pursuit of materialization of business ideas thereof.

In order to support startups, a new project "From us to business" startup competition has been launched.

Within the framework of public-private partnership, Small and Medium Business Development Agency (KOBİA) is the partner of the project to be implenebted by "AccessBank" JSC. The purpose of the project is to stimulate innovation, to introduce new avenues for businesses, to support startups to materialize their business ideas, to provide mentorship and financial support to SMBs as well as to explore perspective business concepts with potential for sustainable development and positive social impact, and to contribute to the formation of a successful entrepreneurial network. Entrepreneurs and startups are encouraged to participate in the project. The application process has already been launched. The funds will be allocated for implementation of the projects of the winners to be selected by the Jury. For more information about the project click the following link: "From Us to Business"

To support "From Us to Business" project, a Memorandum of Understanding was signed between KOBİA and “AccessBank” JSC at the Baku SMB House, and a presentation about the project was demonstrated. "As a participant in the entrepreneurial ecosystem, KOBİA provides various support and services aimed at establishing new businesses, expanding existing entrepreneurial activities, and implementing innovative projects by startups." “The implementation of projects in this area within the framework of public-private partnership is also important, and KOBİA supports such initiatives from the private sector,” stated Orkhan Mammadov, Chairman of the KOBİA Board. “As a bank, we are delighted to support new business ideas and startups in Azerbaijan and to participate in their integration into the unique entrepreneurial environment.” The “From Us to Business” project will contribute to addressing the issue of accessibility to financial resources for those starting a new business,” said David Tsiklauri, Chairman of the Management Board of “AccessBank” JSC.