On February 5, 2026, Mingachevir State University (MSU) organized an educational and practical training session entitled “Social Entrepreneurship and Sustainable Business Models.”
The primary objective of the training was to promote socially and financially sustainable business models, develop entrepreneurial skills, support new business initiatives, and expand economic opportunities within the local community.
In addition to university students, 12 local entrepreneurs and individuals interested in starting their own businesses participated in the training. The involvement of local community members played an important role in transferring academic and practical knowledge from the University to the entrepreneurial sector, fostering the development of new business ideas, and promoting sustainable economic activities.
The training was conducted by Tarana Suleymanova and Aynur Namazova, lecturers at the Department of Business and Management of Mingachevir State University.
During the session, participants received comprehensive information on the principles of social entrepreneurship, the development of sustainable business models, access to financial resources, social innovation, and the role of entrepreneurship in promoting employment opportunities.
The training covered the following key areas:
- Development of socially and financially sustainable business models;
- Generation and development of new business ideas;
- Business planning and financial resource management;
- Addressing social challenges through innovative business solutions;
- Promoting employment and economic activity within the local community;
- Supporting startup initiatives and expanding entrepreneurial opportunities.
The training was conducted in an interactive format, allowing participants to ask questions and engage in discussions and knowledge exchange with university academic staff and local entrepreneurs. Particular attention was given to the challenges faced during the early stages of business development, strategies for ensuring financial sustainability, and opportunities for implementing socially responsible business models.
The participation of 12 local entrepreneurs and aspiring business owners provided an opportunity to access the University’s academic knowledge and expertise, gain practical insights into developing business ideas, and explore sustainable entrepreneurship approaches.
This initiative reflects Mingachevir State University’s commitment to supporting entrepreneurship within the local community, facilitating the establishment of new businesses, expanding economic opportunities, and promoting the development of a socially responsible business environment.
In alignment with the United Nations Sustainable Development Goals, particularly SDG 1 – No Poverty, SDG 8 – Decent Work and Economic Growth, and SDG 10 – Reduced Inequalities, Mingachevir State University continues to support the development of entrepreneurial skills within the local community and promote the establishment of financially and socially sustainable business initiatives.