SMB

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

Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced 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 A meeting with entrepreneurs was held in the Khizi district For the attention of micro and small entrepreneurs wishing to present their products and services at the “Local Companies Promotion Exhibition!” ANNOUNCEMENT An online meeting of the Management Board of the CICA Business Council was held What is the support amount paid for conducting an internal market study and on what basis is this amount determined? The appeals of entrepreneurs from the Gazakh–Tovuz economic region were heard

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.