SMB

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

The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues Is it necessary to obtain a license for every type of business activity? Free business trainings for entrepreneurs will be held in September Issuance of investment promotion document for strategic investment projects continues Appeals from entrepreneurs of the Lankaran-Astara Economic Region were heard Another 10 SME entities will benefit from a tax exemption Domestic market research in 10 areas will be conducted on the initiative of KOBİA For the attention of entrepreneurs operating in Astara and Lankaran cities!

Startup Competition Launched Within the Framework of the IsDB Annual Meetings 13.06.26

The next stage of the 5th IsDB Group Startups & Innovation Pitch Competition 2026, organized within the framework of the 51st Annual Meetings of the Islamic Development Bank (IsDB) Group in Baku, has officially commenced.

More than 200 applications from Azerbaijan were submitted to the competition, which is being implemented in partnership with the Small and Medium Business Development Agency of the Republic of Azerbaijan (KOBİA). Following the selection process conducted through the IsDB evaluation platform, 25 startups across six strategic innovation tracks have advanced to the next stage of the competition.

As part of this stage, a three-day Bootcamp program will be held at the Baku SME House from 14 to 16 June. During the program, selected startups will participate in intensive training and mentoring sessions focused on enhancing their pitching skills, refining their business models, strengthening communication with investors, and increasing their investment readiness. Local and international experts and mentors with extensive experience in innovation and entrepreneurship have been engaged in the program.

The competition results will be announced on 17 June during the Strategic Knowledge Dialogue & Global Demo Day, to be held at the Baku Convention Center. In addition to panel discussions dedicated to innovation, artificial intelligence, finance, trade, and entrepreneurship, 12 finalist startups will present their projects to an audience of international investors and experts. The winners will be awarded.

The primary objective of the competition is to support the development of innovative entrepreneurship, expand collaboration opportunities between promising startups and investors, promote startups’ access to international markets, and contribute to the integration of Azerbaijan’s innovation ecosystem into global collaboration platforms.