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

KOBİA holds a number of meetings and signs documents as part of the Global Entrepreneurship Congress 21.09.23

Opportunities for cooperation and joint initiatives were discussed at the meetings held with the attendance of relevant institutions of Indonesia, Saudi Arabia, Iraq and Türkiye.

As part of the Global Entrepreneurship Congress ("GEC2023") held in Melbourne, Australia, Orkhan Mammadov, Chairman of the Small and Medium Business Development Agency (KOBİA) met with representatives of the relevant institutions of Indonesia, Saudi Arabia, Türkiye and Iraq.

Chairul Saleh, Director of Community Development and Entrepreneurship at the Coordinating Ministry for Economic Affairs of the Republic of Indonesia, shared his views on cooperation with SMBs operating in various fields of the economy.

At the meeting between Orkhan Mammadov, Chairman of the Board of KOBİA, and Saud Alsabhan, Vice Governor of the General Authority for Small and Medium Enterprises of Saudi Arabia (MONSHAAT), joint initiatives and planned mutual visits were also discussed.

At the meeting with Husein Tahir, adviser to the Prime Minister of Iraq and director general of the "Riyadh Initiative", mutual ideas were shared on the establishment of cooperation with business supporting institutions of Iraq and coordination of the business circles of both countries.

The avenues of entrepreneurship, support of SMBs and viable cooperation opportunities were discussed with Sezai Hazir, vice president of TOBB Young Entrepreneurs Council and "GEN Türkiye", president of Habitat Association.

A Memorandum of Understanding (MoU) on cooperation was also signed as part of the visit between KOBİA, Global Entrepreneurship Network (GEN) and "GEN Azerbaijan". The document was signed by Orkhan Mammadov, Chairman of the Board of KOBİA, Jonathan Ortmans, President of the Global Entrepreneurship Network, and Seymur Huseynov, Executive Director of "GEN Azerbaijan". The MoU provides for aspects of cooperation such as attracting investments to local start-up projects, connecting them with potential investors and funding sources, providing assistance in ensuring access to international markets, organizing seminars, training and mentoring programs, start-up competitions, joint entrepreneurship events to strengthen their skills and knowledge, expanding relations between Azerbaijan's entrepreneurship ecosystem and international research groups, providing exchange of knowledge and experience regarding entrepreneurship and start-up activities.