BAKU, Azerbaijan, March 17. About 260,000 manat
($152,940) is deliberate to be allotted to fund 13 initiatives of SMEs
on the event of on-line platforms, gadgets and ladies’s
entrepreneurship, and analysis actions, the Azerbaijan Small and
Medium Business Development Agency (SMBDA) informed Trend.
According to the company, funding of the successful initiatives of the
third grant competitors introduced by the SMBDA for financing initiatives
of micro, small and medium-sized enterprises within the fields of
training, science, and analysis has begun.
Each of the successful initiatives will probably be funded 20,000 manat
On March 16, on the Baku House of SMEs, organized by the company,
a gathering was held with the winners of the competitors, with whom
contracts had been signed to fund their initiatives.
Congratulating the winners of the third grant competitors, the
SMBDA Board Chairman Orkhan Mammadov famous that 234 initiatives had been
submitted for the competitors.
The choice to fund the above 13 initiatives was made by an knowledgeable
committee composed of representatives of varied buildings. The
corresponding funds will probably be transferred to the financial institution accounts of the
winners within the coming days.
According to the outcomes of the primary and second grant
competitions, initiatives of 26 SMEs had been financed within the quantity of
about 500,000 manat ($294,120).
Within the framework of the occasion, a small exhibition of the
services of entrepreneurs, whose initiatives had been
financed below the second grant competitors, was additionally
The acceptance of paperwork for the third grant competitors of
initiatives was carried out from November 15 to December 14, 2022, and
the examination and analysis of initiatives befell from December
16, 2022, to February 10, 2023.
The SMBDA was established below the Decree of the President of
the Republic of Azerbaijan Ilham Aliyev dated December 28,