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A grant competition has been announced for the purpose of financing projects of SMEs


A grant competition has been announced for the purpose of financing projects of SMEs

The 5th grant competition is announced by the Small and Medium Business Development Agency (KOBIA) in order to support the financing of educational, scientific, research and support projects of micro, small and medium business entities. The competition is held in accordance with the "Procedure for financing educational, scientific, research and support projects related to the development of micro, small and medium business" approved by the Cabinet of Ministers Decision dated September 30, 2020.

 

Conditions:

 

- Legal entities or individuals belonging to micro, small and medium entrepreneurship can 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 one project within the competition;

 

- The implementation period of the projects should not be less than three months and not more than 12 months;

 

- Projects fully financed by other institutions, ongoing or finished projects cannot be additionally or re-financed by the agency;

 

- Documents required for participation in the competition must be submitted in full;

 

- It should be taken into account that the work defined within the project should start from 01.06.2024;

 

- The projects submitted to the competition must be written in the Azerbaijani language.

 

Amount of allocated financial resources: The maximum amount of financing for each project is 20,000 manats.

 

Source of the news: https://oxu.az/economy/840343

 

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