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

The results of the competition for funding SMB projects have been announced 30.04.21

The results of the first competition for funding educational, scientific, research, and support projects of micro, small and medium businesses have been announced.

It was decided to finance 15 of 329 projects submitted for the competition held by the Small and Medium Business Development Agency (SMBDA).

At a meeting of the Expert Commission created to examine projects, held on April 30, it was noted that a total of 329 projects were submitted to the competition, including 322 – by SMBs and 7 – non-entrepreneurial entities. 129 SMB projects belong to legal entities and 193 – individuals; 319 projects relate to micro-businesses and 3 – small businesses. Among the projects submitted for the competition, 128 educational, 99 support, 32 research, 5 scientific, and 65 multidirectional projects.

Note that documents for the first competition for funding educational, scientific, research, and support projects of micro, small and medium businesses were accepted from February 17 to March 18, and the examination and assessment of projects were held from March 19 to April 23. When assessing projects according to the criteria approved by the Cabinet of Ministers on September 30, 2020, the Expert Commission was guided by factors such as the impact of the project on the development of micro, small and medium businesses, innovation, the sound idea, the possibility of practical use, the experience and availability of material and technical base required to implement the project, etc.

The information on SMBs whose projects will be funded has been posted on the SMBDA website (https://bit.ly/3oZx4HZ).