In accordance with the “Regulations on financing of education, science, research and support projects related to the development of micro, small and medium-sized businesses” approved by the Decision of the Council of Ministers of 30 September 2020, the Small and Medium-sized Business Development Agency (SMB) announces a competition for financing projects in the fields of education, science, research and support.
Oku.Az reports that the Small and Medium Enterprise Development Agency has published information on this matter.
Conditions:
– Legal entities or natural persons belonging to micro, small and medium-sized businesses may participate in the competition;
– Projects must belong to one of the fields of education, science, research and support;
– Each person has the right to submit only 1 project within the contest;
– The project execution period must not be less than 3 months or more than 12 months;
– Projects fully financed by other institutions, ongoing or completed projects cannot be additionally financed or refinanced by the Agency;
– The documents required to participate in the competition must be submitted complete;
– Please note that the work defined within the project must start from 15.12.2024;
– Projects submitted to the competition must be written in Azerbaijani language.
Amount of financial resources allocated: The maximum amount of funding for each project is 20,000 (twenty thousand) manats.
Acceptance of project documents: From 24 September 2024 at 09:00 to 23 October 2024 at 18:00 (Note: Project documents submitted before or after the specified time will not be accepted).
Competition schedule: October 25, 2024 – November 25, 2024.
SMEs wishing to participate in the competition must submit the following documents electronically from September 24, 2024, from 9:00 a.m. to October 23, 2024, at 6:00 p.m.[email protected]) or on paper media directly to the Agency (Baku city, Ziya Bunyadov 38C, block 1969, “Baku KOB evi”):
· Application form;
· Project submitted to the competition;
· Financial justification of the project budget;
· Copies of documents proving the identity and powers of a natural person or a representative of a legal entity that is an SME;
· If the applicant is a legal entity, copies of the extract from the state register of legal entities and the charter.
(Note: You can download the relevant documents from the following link:
Information on the results of the competition November 25, 2024 will be published on the official KOBIA website www.smb.gov.az after
For more information: (+994 12) 404 04 01, 131 Call Center.
