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

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.