SMB

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

Rising Interest of Youth in Entrepreneurial Activities The choice is simple: It must be locally produced, sold by the manufacturer, and the products must be fresh and high-quality Informational Flyers and Brochures Prepared by KOBIA Applications from entrepreneurs working in agriculture, industry, and services have been reviewed The implementation of Aghdash district’s business opportunities was discussed with the participation of entrepreneurs Woman entreprenuers strengthening their role in economy with the state support SME Bazaar fair began its activity 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

Rising Interest of Youth in Entrepreneurial Activities 01.04.25

State’s support mechanism stimulates the youth to be engagerd in entrepreneurial activities.

A significant portion of entrepreneurs and aspiring business owners benefiting from the state support mechanisms provided by the Small and Medium Business Development Agency (KOBIA) are young individuals. Only in 2024, 40% of those who participated in the agency’s training, consultancy, and business plan development services to enhance business knowledge and skills were young people. Additionally, over 30% of SMEs granted a "Startup" certificate, which exempts businesses from taxes, and 30% of entrepreneurs who received grant support were young entrepreneurs and startups.

KOBIA closely collaborates with vocational and higher education institutions to promote youth entrepreneurship and support their initiatives in this field. As part of this cooperation, the agency's business experts meet with students from various vocational and higher education institutions, providing them with initial insights into entrepreneurship and available support mechanisms while addressing their questions. Additionally, training programs are organized for students interested in starting their own businesses.

KOBIA, in collaboration with partner organizations, implements various projects and programs to support youth business initiatives. As part of these efforts, 60 young individuals have benefited from the "Youth Business Workshop," which provides initial support for starting a business, and the "From Us to Business" project, which contributes to financing business ideas.

KOBIA's "KOB Volunteers" program is a valuable opportunity for undergraduate and graduate students in management, business, and related fields to gain fundamental knowledge in entrepreneurship. To date, over 700 young individuals have successfully completed the program, with many excelling in the private sector.

It is worth noting that nearly 23% of Azerbaijan's population consists of young people.