Azerbaijan's SME Houses Recognized As Leading Innovation By OECD
Date
7/26/2024 6:10:00 AM
(MENAFN- AzerNews)
Nazrin Abdul
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Information about Azerbaijan's SME houses, recognised as a
leading model for entrepreneurial support, has been featured on the
institution's website, Azernews reports.
The SME house model from Azerbaijan has garnered international
acclaim. In a recent competition organised by the OECD's Research
Centre for Innovations in the Public Sector, SME houses were
highlighted as one of the most innovative practices. This
recognition is detailed on the OECD website as a prime example of
Azerbaijan's approach
(
Since 2003, the OECD Research Centre for Innovations in the
Public Sector has been showcasing a wide array of innovations from
approximately 90 countries. Among these, Azerbaijan's SME
houses-operated by the Small and Medium Business Development
Agency-are prominently featured.
The website describes SME houses as comprehensive service
centres that assist SMEs with business planning, startup,
management, and growth. This initiative is noted for its unique
approach to integrating and coordinating resources from both the
public and private sectors to foster SME development.
The OECD Research Centre for Innovations in the Public Sector,
established in 2011, serves as a global hub for advancing and
promoting cutting-edge innovations in public administration. It
provides a platform for exchanging best practices, new ideas, and
tools to support governmental efforts worldwide.
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