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

Information on young entrepreneurship in Azerbaijan provided at the Global Business Forum 19.07.23

"Big Boss" Global Business and Innovation Forum was held in Glasgow, Scotland as part of "Global Business Week 2023".

At the event, Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency (KOBİA) conveyed information about young entrepreneurship in Azerbaijan, support mechanisms for the business activities of young people, and the activities of the Agency.

It was underlined that raising the share of SMBs in the economy, employment and exports is one of the primary goals of the SMB. Young entrepreneurs also play a role in achieving these goals. Around 27% of the economically active population in Azerbaijan are young people who are also interested in business activities. Surveys and studies showcase that young entrepreneurs encounter challenges regarding lack of business skills and access to financial resources and markets. KOBİA provides support to young entrepreneurs in the abovementioned areas within the scope of various mechanisms. The liberated territories of Azerbaijan will become another critical impetus for the development of business, especially young entrepreneurship, in the near future. The planned "green economy" and "smart city" concepts in the Karabakh region will turn the region an attractive hub for new innovative businesses.