SMB

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

Interest in SME Houses as an innovative model in the field of business services is increasing Additional 55 people were engaged in training within the framework of the “Karabakh SME 2026” project More than 312,000 services were provided to entrepreneurs in SME Houses in the first half of 2026 Applications of entrepreneurs were considered at KOBİA In the first half of 2026, the KOBİA Call Centre via number 131 responded to approximately 5,000 enquiries The next meeting within the framework of the "Investment Journey" project was held in the city of Aghsu Business projects that have received the "Startup" Certificate are developing More than 50 meetings with entrepreneurs were organised in the first half of 2026 Another meeting with entrepreneurs was organised in the city of Mingachevir A production enterprise for test kits and medical plastic packaging products will be established

SMBDA signed three Memorandum of Understanding on cooperation with relevant Italian organizations 21.02.20

Italy-Azerbaijan Business Forum organized in Rome as a part of the state visit of the President of the Republic of Azerbaijan to Italy also discussed the prospects for cooperation in the field of small and medium business (SMB).

Speaking at the event, Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan, highlighted the potential for expanding cooperation between our countries in the field of SMBs and noted the opportunities to create a joint cooperation platform for this purpose, implementation of technology and innovation projects, exchange of information on potential investment projects, arrangement of the visits of Azerbaijani SMBs to Italy and organizing study tours to enterprises and training events for entrepreneurs, and establishment of joint ventures in Azerbaijan with the participation of SMBs of both countries.

SMBDA and the International Network for Small and Medium Enterprises (INSME) signed the Memorandum of Understanding within the business forum. The document envisages the measures providing ample opportunities for Azerbaijani SMBs to gain access to the markets of the member countries to INSME.

Memorandums of understanding signed between the Small and Medium Business Development Agency (SMBDA) and the Italian Internationalization Agency (Promos Italia) include the cooperation in the fields such as mechanisms to promote microcredit tools for SMBs, innovative lending, export support measures, organization of training and consulting services, development of professional skills of SMBs, and implementation of joint projects.