SMB

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

Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held 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 An event was held in KOBİA in connection with National Salvation Day Co-financing programme for entrepreneurs About 560 services were provided to entrepreneurs at the “Shusha SME House” in January–May of the current year

SMBDA shall support organizational development models of female entrepreneurship 21.06.19

In Azerbaijan, women actively engage in entrepreneurial activity and play an important role in the development of entrepreneurship. Women account for about 20% of individual entrepreneurs registered in the country. Primary consideration is given to the following factors: improvement of women’s financial literacy in the regions, development of financial management skills and building women’s capacity in the area of business establishment and business development.

This was announced by Orkhan Mammadov, Chairman of the Governing Body of the Small and Medium Business Development Agency of the Republic of Azerbaijan, at the International Forum dedicated to the development of female entrepreneurship and held on 21 June in Baku.

Having stressed the priority objective of women’s entrepreneurship development for SMBDA, the head of the Agency reported on the implementation of important measures to ensure further increase of female share among small and medium entrepreneurs and establish appropriate support mechanisms to that end, as well as to promote the development of female entrepreneurship. It was emphasized that, through close interaction with entrepreneurs, special platforms of cooperation between the government and entrepreneurs were established to ensure the implementation of measures targeting the development of women’s entrepreneurship. In this context, the Public Council, established under the Agency and represented by entrepreneurial public associations, is broadly using its powers. Representatives of Azerbaijan’s Women Entrepreneurs Association also participate in the activity of the Public Council under the Agency.

The issue of women’s employment requires primary consideration during the preparation of projects and programs aimed at the development of female entrepreneurship, especially in rural regions. In such regions, the most promising areas of women’s employment must be duly identified with appropriate measures implemented. The Agency will also promote the organizational models of supporting the development of women’s entrepreneurship as well as the establishment of business incubators.