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

Organization for Economic Cooperation and Development Presents SMB House Model as an Advanced Innovative Experience 26.07.24

Information about SMB houses as an exemplary model of Azerbaijan in the field of entrepreneurship services was published on the organization's website.

The SMB House model from Azerbaijan has gained international recognition and success. SMB houses were evaluated as one of the advanced innovation practices in the competition conducted by the OECD's Observatory of Public Sector Innovation, experts and shared it on the organization's website as an exemplary model of Azerbaijan (https://oecd-opsi.org/innovations/single-support-service-model-for-smes-sme-house/).

The website of the Observatory of Public Sector Innovation has featured a section dedicated to sharing ideas and innovations since 2003. This section highlights innovations from nearly 90 countries, including the SMB houses managed by the Small and Medium Business Development Agency (KOBİA) in Azerbaijan.

The website presents SMB houses as comprehensive centers offering a range of services to small and medium-sized enterprises, including business planning, startup support, management, and business development. The integration and coordination of public and private sector resources on a single platform to contribute SMB sector growth is recognized as a distinctive and innovative approach.

It worth noting that the OECD Observatory of Public Sector Innovation, established in 2011, is a global forum that supports the implementation and promotion of advanced innovations in the public sector.