SMB

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

Today International Day of Micro, Small and Medium-sized Enterprises is marked An exhibition showcasing products and services from over 150 domestic companies is currently underway. The product of artificial intelligence for intelligent search has been developed in Azerbaijan. The "Investment Journey" event took place this time in the city of Sheki Meeting with Students of Baku Business University The "Advertising Exhibition of Local Companies" launches Importance of applying Environmental, Social, and Corporate governance principles for business Exhibition-sale fairs will be held in the regions of the country A document was signed between KOBİA and the Belarusian Chamber of Commerce and Industry The number of entities awarded with the "Startup" certificate has reached 151

Startups have great potential to create and develop new businesses 09.02.22

Azerbaijani startup Nextsale has been purchased by a foreign company. Speaking at the event, Chairman of the Board of the Small and Medium Business Development Agency (SMBDA) Orkhan Mammadov informed about the support and services provided to startups.

It was noted that the sale of the Nextsale startup abroad will motivate and stimulate other local startups. The digital economy and the 4th Industrial Revolution also create opportunities for startups. New technologies allow you to expand your business, enter new markets and increase turnover in a short time. Startups have the advantage of creating and developing new businesses using modern technologies and innovative approaches. SMBDA issues a Startup certificate to micro and small entrepreneurs, exempting them from income and profit tax for 3 years on their income from innovative activities, and organizes exhibitions with the participation of startups. Startups use the free training and consulting services of SME development centers, the portal www.kobmarket.az to expand sales opportunities, and grants in education, science, research and support.