SMB

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

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 With the support of KOBİA, Azerbaijani entrepreneurs' products were showcased at the "MÜSİAD EXPO" and "Halal Expo" exhibitions Yet another meeting of the sub-group on Environmental, Social, and Corporate Governance (ESG) standards was held 8 more SMBs have received the "Startup" certificate

This year, entrepreneurs and individuals seeking to start business for the development of 220 business plans were supported 28.10.24

Support for developing business plan is provided at no charge by KOBİA.

In January-September of the current year, 220 business plans have been developed by the Small and Medium Business Development Agency (KOBİA) and presented to entrepreneurs and individuals seeking to launch business. These business plans stipulate establishment of new businesses or expansion of existing entrepreneurial activities in the production and service sectors in Baku city and the surrounding regions. The majority of the business plans cover Baku economic region. Next in line are the Ganja-Dashkasan, Gazakh-Tovuz, Guba-Khachmaz, Shaki-Zagatala, Karabakh, and other economic regions. Of the business plans, 73 have been prepared for women entrepreneurs. In total, KOBİA has supported the development of 1,555 business plans for entrepreneurs up to date.

It should be noted that support for the development of business plan is provided free of charge by KOBİA. The support is provided by the SMB development centers (KOBİM) of the Agency operating in Baku and the regions of the country. KOBİMs provide trainings and consulting services for entrepreneurs and new business owners seeking to develop their own business plans, guiding them in the business planning process. Additionally, support for business plan development is provided by KOBİM specialists. Entrepreneurs and individuals seeking to start business are eligible to apply to KOBİA for support in drafting a business plan via email at info@smb.gov.az or through the contact form at this link https://smb.gov.az/az/contact-form/aze-citizen .