Georgia to host inaugural Seedstars World start-up competition
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People in Georgia with creative minds and bright ideas are invited to participate in the inaugural Seedstars Tbilisi 2016 competition and win money to fund their entrepreneurial idea.
This year Seedstars World is hosting the first Georgian-leg of its worldwide start-up competition recognising innovation and creativity in emerging markets.
Applications are now open until the May 20 deadline, after which candidates will take part in a mentoring session and prepare their final application submissions.
From there the 10 best start-ups will be invited to pitch their ideas to an investment panel and compete to be crowned the most promising seed-stage start-up of Seedstars Tbilisi 2016. This final competition will take place on June 11 in Tbilisi.
Only one winning start-up will join the global Seedstars Family and take part in the regional and global Seedstars Summits in Switzerland. The ultimate world final winner will receive $500,000 USD to finance their new start-up idea.
Seedstars World promotes, connects and this year will invest up to $1.5 million USD in emerging market start-ups through its exclusive start-up competitions in 70 countries.
The local partner of Seedstars World in Georgia is international non-profit organisation Georgian Society of Investment Professionals (GSIP).
The Government of Georgia is starting a new program to finance start-ups in the country as a way to foster entrepreneurial spirit, encourage the creation of new businesses and develop the economy.
The United States government’s Overseas Private Investment Corporation (OPIC) is teaming up with Georgia’s state owned investment fund, the Partnership Fund (PF) to mobilise investment capital to finance a range of new projects in Georgia.
Eight Georgian "young lions” are ready to compete at the world’s biggest advertisement festival in France.
The Government of Georgia is creating a special group to convey the opportunities, problems and ideas of the business society to the Government, to foster entrepreneurial spirit in the country.
Supporting start-ups and infrastructure development
The Government of Georgia is taking action to speed up the creation of vital infrastructural projects and assisting entrepreneurs who establish new start-ups in the country.
Georgia has won the Young Creatives Competition at the 2015 Eurobest Festival of Creativity, Europe’s most prestigious advertising festival.