We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!
To the attention of entrepreneurs who wish to take part in a virtual International Advanced Training Course on Management! Micro and small business entities at specialized exhibitions SMBDA has held several meetings during the forum KOBIA supports "Caspian Agro 2021" and "InterFood Azerbaijan 2021" exhibitions SMBDA has signed two documents during the forum SMBDA is represented at the 24th St. Petersburg International Economic Forum An online sales portal for micro and small businesses www.kobmarket.az has been launched Sales exhibition of women entrepreneurs’ handicrafts has been arranged Asian Development Bank to arrange a virtual seminar The SMBDA "Telegram" channel has been launched
Funding for education, science, research and support projects

The Small and Medium Business Development Agency of the Republic of Azerbaijan (SMBDA) finances educational, scientific, research, and support projects related to the development of micro, small, and medium businesses by arranging competitions, following the Law of the Republic of Azerbaijan "On Grants" and this Procedure.

 

Any legal entity relating to micro, small, and medium business (SMB) or individual engaged in entrepreneurial activity without creating a legal entity has the right to participate in the competition. Each person can submit only 1 (one) project within the framework of each competition. The Agency cannot additionally finance or refinance projects that have been fully funded, implemented, or completed by other entities.

 

The announcement of the competition and information on its results will be regularly published in the media and posted on the Agency's official website www.smb.gov.az.

 

The implementation period for projects submitted for the competition should not be less than 3 or more than 12 months. The cost of financing for each project is set at up to AZN 20,000 and will be paid by bank transfer. 

 

The SMBDA will perform a competitive selection of projects in compliance with the principles of transparency, equality, efficiency, and priority of performance criteria.

 

The project documentation acceptance period: February 17 - March 18, 2021.

The competition period: March 19 - April 19, 2021.

 

Small and medium businesses wishing to participate in the competition can apply to the Agency electronically (info@smb.gov.az) or directly (134, Mustafa Kemal Ataturk Avenue, Baku, AZ1069) until March 17, 2021, along with the following documents:

 

Application form (https://bit.ly/3cS3v8I),

Project submitted for the competition (https://bit.ly/3qlsAgc),

Financial justification of the project budget (https://bit.ly/3pkE2HF),

Copies of documents certifying the identity and powers of an individual or a legal entity – SMB representative,

Copies of an extract from the state register of legal entities, and the Charter, if the applicant is a legal entity.

Information on the competition results will be posted on the official SMBDA website www.smb.gov.az after April 19, 2021.


For more information: Call Center (+994 12) 404 04 01, 131, http://bit.ly/3oZx4HZ

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The competition for funding educational projects is held to participate in training, consulting, information, and international exchange programs for the development of micro, small, and medium businesses, as well as educate SMBs and their staff, expand their knowledge and skills.

 

To ensure the development of micro, small, and medium businesses, the Agency finances educational projects in the following areas:

 

- preparing study guides,

- preparing and arranging various seminars, conferences, courses, pieces of training, and practical programs, and the provision of training, consulting, and information support,

- arranging events and providing knowledge to promote entrepreneurship among startups, women entrepreneurs, people with disabilities, and youth,

- involving the SMBs in the educational process in higher and professional educational institutions,

- preparing joint projects with educational institutions for the training of qualified personnel and advanced training according to the SMB needs.

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The competition for funding scientific projects is held to apply scientific knowledge in micro, small, and medium entrepreneurship, as well as form and develop scientific knowledge in SMBs.

 

To ensure the development of micro, small, and medium businesses, the Agency finances scientific projects in the following areas:


- strengthening the SMB activity through implementing innovative scientific projects,

- strengthening the SMB activity through cooperation with legal entities and individuals engaged in scientific activity, their public associations, and scientific activity participants,

- projects covering research reflecting activity aimed at the development of micro, small, and medium businesses,

- developing interaction of SMBs with industrial and technology parks, technology transfer centers, business incubators, and similar enterprises,

- arranging and holding republican, regional, and international scientific conferences, symposia, seminars, and other events in the Republic of Azerbaijan, and supporting participation in scientific events abroad, which are of particular importance for the development of micro, small, and medium businesses.

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The competition for funding research projects is held to study and research inventions, utility models, technological innovations, or commercial prototypes affecting the innovative development of micro, small, and medium businesses, the SMB activity, and business processes, arrange pieces of training and seminars in these areas, as well as build relationships with educational institutions.

 

To ensure the development of micro, small, and medium businesses, the Agency finances research projects in the following areas:

 

- research of the innovative development of SMBs,

- performing research and applying the results by SMBs in production,

- arranging and holding pieces of training and seminars to stimulate the participation of stakeholders in the research for the development of micro-, small, and medium businesses,

- projects aimed at developing micro-, small, and medium businesses, and the SMB entities, increasing their production, and expanding their activity,

- projects implemented to study the SMB production activity affecting means or their features,

- improving the efficiency of interaction between scientific and industrial spheres, strengthening cooperation with educational institutions in the field of research.

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The competition for funding support projects is held to develop micro, small, and medium businesses, introduce new mechanisms in this area, implement innovative projects and those delivering benefits to SMBs, and support startup projects.

 

To ensure the development of micro, small, and medium businesses, the Agency finances support projects in the following areas:

 

- studying international experience, audit, preparing documents, obtaining patents, arranging management and logistics services,

- supporting the arrangement of laboratory services for the analysis and testing of products manufactured by the SMBs,

- supporting the participation in events held in the country and abroad to strengthen human resources in the SMB activity,

- supporting the SMBs exporting non-oil products for the first time in the preparation of documents and obtaining the certificates required for the entry of their products to foreign markets,

- supporting the registration of startups promoting innovative entrepreneurship, the sale, patenting, and promoting industrial products (services) in foreign markets,

- supporting the SMBs in using high-tech and innovative opportunities, applying appropriate technologies in their activity, and, if required, allocating experts to support these entities.

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