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

Representatives of the International Trade Centre (ITC) paid the visit to "Baku SMB House" 13.11.24

The ITC representatives were briefed on the SMB House model, and their questions of interest were addressed.

The representatives of the International Trade Centre (ITC), currently visiting Azerbaijan for the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC) held in Baku visited "Baku SMB House."

The representatives of the Small and Medium Business Development Agency (KOBİA) and the "Baku SMB House" shared detailed information with ITC representatives about the activities of the SMB House, which operates as a one stop shop service center for entrepreneurs. It was emphasized that offering both G2B and B2B services at a single location within SMB Houses helps entrepreneurs to save time and reduce operational costs. lso, the Startup Development Center and a training center operate here for startups.

Currently, SMB Houses cover three cities in the country. Efforts are actively underway to expand the network of SMB Houses accross several major cities and regions. It was noted that the SMB House model is among the leading innovative initiatives in the business sector worldwide. Therefore, in 2024, the OECD's Research Centre on Innovation in the Public Sector recognized Azerbaijan's SMB House model as one of the best innovative practices, commending it as a leading model of excellence. The ITC delegation expressed great interest in the activities of the "Baku SMB House" and highlighted it as one of the most unique models in supporting SMBs.

During the visit to the SMB House, the questions of guests’ interest were also addressed.