1,338 winners revealed in Enterprise Georgia grant competition
The latest round of the Micro and Small Business Support Programme, announced in March, identified the winning projects out of 3,700 applicants that had reached the final stage. Photo: Nino Alavidze/Agenda.ge
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A grant programme of Enterprise Georgia, a state campaign launched in recent years by the Government to support entrepreneurship, has revealed 1,338 winners across the country, the Ministry of Economy announced on Tuesday.
The latest round of the Micro and Small Business Support Programme, announced in March, identified the winning projects out of 3,700 applicants that had reached the final stage.
The overall grant reached ₾30,000 ($10,364), while in the regions of Imereti, Racha-Lechkhumi, Kvemo Svaneti, Guria and Kakheti it hit ₾40,000 ($13,818) under the pilot Integrated Regional Development Programme, launched by the Government and co-financed through the budget support scheme by the European Union.
The winners were asked to draw up the purpose of their grant budgets under capital expenditures of not less than 90 percent and working capital of not more than 10 percent.
Implemented in all regions of Georgia and supporting more than 300 economic activities, the programme aims to develop micro and small-sized businesses in the country, establish modern entrepreneurial culture and create new jobs.
Since its launch in 2015, a total of 6,901 projects have been financed, with the volume of investments exceeding ₾78 million ($27mln).
Micro- and small-sized entrepreneurs in Georgia have been invited to submit their projects for a state grant, after the Enterprise Georgia state campaign announced a call for business ideas on Monday.
The United States Agency for International Development Agriculture Programme, Enterprise Georgia and the Rural Development Agency of the country have launched a new programme to establish export market connections for Georgian companies involved in agriculture business.
The total investment in projects supported by the Enterprise Georgia state campaign has exceeded ₾3 billion ($1bln/€980mln) with about 9,000 projects implemented and up to 58,000 jobs created, the agency announced on Thursday.
Enterprise Georgia has launched a new Export Assistance Programme to increase the export potential of small- and medium-sized local businesses, the state organisation announced earlier today.
A group of international investment consultants, on a working visit to Georgia as part of the USAID Economy Security Programme, have pledged to promote the country as the “best place worldwide” to invest and featuring the “easiest procedures” to start a business.
Six Georgian companies featured in this year’s Micam & Mipel Milano international leather and fashion accessories event between September 18-20 in Milan with the financial support of Georgia’s export promotion agency Enterprise Georgia, the agency announced on Tuesday.
Projects for improving efficiency in small and medium-sized businesses, reducing cost of management, promoting healthy lifestyle and more have been unveiled as winners of the Georgian Innovation and Technology Agency’s grant programme.