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

"SMB Friend" Network to be expanded 29.01.20

In 2019, "SMB Friends" of the Small and Medium Business Development Agency (SMBDA) were launched in 10 cities and regions of the country. At present, the total number of SMB Friends, one of the main support mechanisms of SMBDA for entrepreneurs, is 21.

Last year, "SMB Friends" held 34 meetings and provided about 450 itinerant services in 14 cities and regions to discuss issues and proposals SMBs faced within the public-private cooperation platform.

Last year, the Agency received over 1,500 applications through the "SMB Friend" network. these applications were related to access to finance (34%), legal aid and consulting services (33%), protection of rights (18%), and educational issues (15%). Respective measures were taken in coordination with the relevant government agencies.

It is planned to expand the "SMB Friend" Network, and launch this mechanism in several other cities and regions of the country in 2020.

Note that emerging "SMB Friend" network since 2018, provides support and services to SMBs to establish business, expand existing business activities, identify potential investment projects and implement them through SMBs, protect interests of SMBs, raise awareness on state support mechanisms among other areas.