SMB

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

Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings HELF/AZHAB Forum 2026 to Be Held Within the Framework of the IsDB Group Annual Meetings in Baku A meeting with entrepreneurs was held in the Khizi district For the attention of micro and small entrepreneurs wishing to present their products and services at the “Local Companies Promotion Exhibition!” ANNOUNCEMENT An online meeting of the Management Board of the CICA Business Council was held What is the support amount paid for conducting an internal market study and on what basis is this amount determined? The appeals of entrepreneurs from the Gazakh–Tovuz economic region were heard

KOBİA represented at the VI Congress of Azerbaijani Women 19.10.23

At the 6th Congress of Azerbaijani Women, topics on encouraging women entrepreneurship and empowerment of women in business were also discussed.

The 6th Congress of Azerbaijani Women was held in "Gulustan" palace.

State officials from Azerbaijan, Türkiye, Uzbekistan and Tajikistan, deputies of the Milli Majlis, representatives of non-governmental and international organizations, and foreign embassies in Azerbaijan attended the event held on the occasion of the 100th anniversary of the Great Leader Heydar Aliyev.

In addition to the official session, panel discussions on various topics were also held at the event, uniting some 600 women entrepreneurs across Azerbaijan. In the panel discussion on the topic "Gender aspects of socio-economic reforms. Representation of women in formal and informal employment", Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency (KOBİA), conveyed information on the promotion of women's entrepreneurship, expanding the role of women in business, and the Agency's support to women entrepreneurs. It was reported that women`s interest in small business, self-employment, as well as the number of founders and managers of legal entities and enterprises is rising in our country. Analysis of research studies and surveys exhibit that the lack of business skills, access to financial resources, lack of sales opportunities are among the challenges facing women entrepreneurs. Encouraging women to self-employment and business activities, providing support for the development of women's entrepreneurship is one of the priority directions in the activities of KOBİA. Women are encouraged to benefit from the Agency's support and services for training, counselling, access to financial resources and sales markets, grants, support for involvement in exhibitions, domestic market research, etc. to start and expand business activities. As part of the support mechanisms of KOBİA, 9 women entrepreneurs were awarded grants, 17 were given "Startup" certificates, and over 3,500 women benefited from the training and consulting services held in 2023 alone.