BAKU, Azerbaijan, October 31. AccessBank has launched “Bizdən Biznesə” a new initiative designed to support startups. This project will be implemented in partnership with the Small and Medium Business Development Agency (KOBIA) as part of a public-private collaboration.
The primary objectives of the project are to stimulate innovation, create opportunities for new businesses, and provide a platform for startups to realize their ideas. It will offer mentorship and financial support to small and medium enterprises (SMEs) in Azerbaijan, explore promising business concepts with potential for sustainable growth and positive societal impact, and foster a robust network of entrepreneurs.
Entrepreneurs and startups are encouraged to participate, and the application process is now open. Financial resources will be allocated for the projects selected by the jury.
For more information about the project, please visit the “Bizdən Biznesə” website.
In support of this initiative, a Memorandum of Understanding was signed between KOBIA and AccessBank at the "Bakı KOB evi", accompanied by a project presentation.
"KOBIA, as an integral part of the entrepreneurial ecosystem, provides various forms of support and services to foster new business creation, expand existing enterprises, and implement innovative startup projects. The execution of such initiatives within a public-private partnership framework is crucial, and KOBIA actively supports private sector initiatives," - added Orkhan Mamedov, Chairman of the Board at KOBIA.
"We at AccessBank are excited to support new business ideas and startups in Azerbaijan and to facilitate their integration into the entrepreneurial landscape. The “Bizdən Biznesə”' project will significantly contribute to improving access to financial resources, which is vital for emerging entrepreneurs,"-said Davit Tsiklauri, Chairman of the Board at AccessBank.
The management of AccessBank has also learned about the activities of the "Bakı KOB evi".
AccessBank, a pioneer in the microfinancing market, has been providing services to small and medium-sized enterprises since 2002. The Bank's shareholders include the Asian Development Bank, the European Investment Bank, the International Finance Corporation, and other international organizations and investment funds. With 35 branch offices, including 14 in Baku and 21 in regions, AccessBank continues to offer accessible financing options for MSMEs. For more detailed information on the branh offices, please follow: http://bit.ly/accessbank-filiallar
For more information on the services provided by AccessBank, call 151 or visit the website at www.accessbank.az. You can also follow the bank's social media accounts on Facebook, Instagram, LinkedIn.
*AccessBank CJSC operates under license No. 245 dated 25 October 2002, issued by the Central Bank of the Republic of Azerbaijan. The bank's Head Office is located at 3 Tbilisi avenue, Yasamal district, Baku city.
