Make Your Idea Real:
New program finances innovative ideas in Georgia
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Georgia is launching a new program to increase the innovative activities of firms and individuals and their participation in the digital economy.
The Matching Grants Program, launched today by Georgia's Innovation and Technology Agency, will enable innovative ideas to take flight.
Georgia's Innovation and Technology Agency is implementing the program within the World Bank’s "Georgia - National Innovation Ecosystem (GENIE) Project”.
The project is comprised of four components of which the first is the development of innovative infrastructure, the second ensures the delivery of innovative services, the third component will provide financing for innovative ideas and the fourth component will aim to ensure the efficient and effective implementation of all project components.
The Matching Grants Program is part of the third component of the World Bank’s project and will provide innovative Startups with 100,000 GEL funding. The total fund of the Matching Grants Program is 2 million GEL, said Georgia's Innovation and Technology Agency.
Startup financing is a widespread tool for supporting and stimulating the conversion of innovative ideas into businesses.
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Georgia has announced a co-financing grant programme for start-ups within the World Bank’s National Innovation Ecosystem (GENIE) project.
The Organisation for Economic Co-operation and Development (OECD) has recognised Georgia as a “model country” for supporting successfully small and medium-sized businesses, announces Georgia’s Ministry of Economy.
A brand-new initiative in Georgia’s capital is launching a business incubator at the Tbilisi State Academy of Arts to help the state institution’s students develop their projects and learn skills for promoting their work.
A downtown Tbilisi museum will be open on Friday to host Idea Fest, a competition of creative ideas that have potential to be transformed into commercially viable, socially beneficial projects and win a major prize in the United Kingdom.
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The global leader in digital automotive merchandising software and data SpinCar has acquired Georgian Pulsar AI startup company - the creator of the auto industry’s ‘most advanced conversational’ AI platform.