SMB

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

The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues Is it necessary to obtain a license for every type of business activity? Free business trainings for entrepreneurs will be held in September Issuance of investment promotion document for strategic investment projects continues Appeals from entrepreneurs of the Lankaran-Astara Economic Region were heard Another 10 SME entities will benefit from a tax exemption Domestic market research in 10 areas will be conducted on the initiative of KOBİA For the attention of entrepreneurs operating in Astara and Lankaran cities!

Innovation and Startup Competition is announced for startups! 20.04.26

The Small and Medium Business Development Agency (KOBİA) under the Ministry of Economy and the Islamic Development Bank Group jointly announce an Innovation and Startup Competition for startups.

The competition aims to support startups with high potential from member countries of the Islamic Development Bank Group to demonstrate their innovative ideas, establish connections with global investors, and expand opportunities for access to international markets.

The deadline for joining the competition is 15 May.

Stages of the competition:

- Global open call. Startups (innovation, business model, team, impact) apply through the official platform until 15 May.

- Selection and evaluation. Experts from venture capital firms, financial development institutions and corporations evaluate applications until 17 May.

- Mentorship and intensive training programme (“Bootcamp”). Selected startups participate in training on fundraising, financial modelling and pitching on 13–15 June.

- Investor pitching and semi-finals. Startups present to the international jury and establish connections with investors on 16–17 June.

Prizes and opportunities of the competition:

- Monetary award

- Certificates and recognition plaques

- Exhibition package of the Islamic Development Bank Group Private Sector Forum (PSF)

- Opportunity to participate in international exhibitions

Startups that believe their projects will enter global markets and are ready to compete at global level can register using the following link: https://isdb.untap.us/programs/2026#block-about