Georgia’s tech agency reveals winners of co-financing grants programme
GITA revealed on Monday 20 winners had been singled out to be granted ₾150,000 ($55,663) each. Photo: GITA
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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.
GITA revealed on Monday 20 winners had been singled out to be granted ₾150,000 ($55,663) each, noting the projects had been identified by a committee staffed by “high-level international venture investors”.
SMART APP, Marlin, Forma healthy, FlexUp, Stori AI, Awork, Ordero, Colis, eConsul, Omoi, Upway, Ranko, CALEN AI platform, Lawformer, Better Energy Solution, Mens.ge, Proxymeta Labs, Medik, Carusell and SPOTs "modular farm" were named as the ultimate winners of the grant project.
The ideas of the startups include simplifying the cost of order management between suppliers and buyers and reducing their expenses, launching a B2B marketplace for streamlining cooperation between clinics and hospitals, starting the first Georgian employment application and more.
Economy Minister Levan Davitashvili. Photo: Ministry of Economy
Georgian Economy Minister Levan Davitashvili said the selection of the winners had been completed "successfully under fair and competitive conditions".
Twenty winning startups will take the first steps on the way to international success. We certainly have other tools to help such companies succeed and establish themselves internationally. I think that the rapid development of the economy is directly related to innovations, and our ministry [...] plays a very important role in this direction", he said.
Davitashvili also noted state-financed startups had attracted more than ₾350 million ($129.88mln) foreign direct investments in the country.
The largest tech conference in South Caucasus, Touch Summit 2022 will award a winning startup with a prize of €5000, established by the Kettari Foundation, at the Startup Exhibition and Pitching event in Georgia’s capital city of Tbilisi on December 7-8, Touch platform announced on Saturday.
Georgian startupper Ana Robakidze, the founder and CEO of an AI platform Theneo on Friday won a Pitch contest at the world’s largest technology event, Web Summit 2022 in Lisbon among 2,300 startups, representing hundreds of countries worldwide, the Web Summit announced.
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.
Georgia's Innovation and Technology Agency has announced a 100,000 GEL co-financing grant competition for the sixth time.
Spain was Georgia's major foreign direct investor country in the third quarter of 2022 with $165.9 million, followed by the United Kingdom with $122.9 million and Ireland with $120.3 million, the National Statistics Office of Georgia reported in its latest figures on Friday.
Thirteen companies from various countries including Georgia on Friday pitched their ideas to potential investors at an event hosted by 500 Global, a startup accelerator programme, the Georgian Innovation and Technology Agency said.
Small startups in Georgia have been urged to submit business ideas to the latest edition of a grant programme from the country’s Innovation and Technology Agency, with the chance of gaining $56,611 in co-financing support.
The Georgian technology startup is seeing an ecosystem emerge for the field in the country, however it needs “growth, refinement and adaptation”, a new report by the Asian Development Bank said on Thursday.
Enterprise Georgia, an export promotion agency of the country, is inviting micro and small-sized entrepreneurs in Georgia to submit their new business ideas for a state grant with a maximum amount of ₾30,000 ($11,607).
Georgian Deputy Economy Minister Irakli Nadareishvili on Friday said the domestic startup ecosystem was “growing, competitive and takes a worthy place” on the global map of innovative projects.
Enterprise Georgia, an export promotion agency of the country, on Thursday revealed 1,176 winners of its micro and small entrepreneurship grant programme.
Georgia’s Innovation and Technology Agency has announced a ₾25,000 ($9,264) co-financing grant competition for eastern Kakheti and central Kvemo Kartli regions with the aim of promoting and strengthening local innovative and technological ecosystems, the Agency said on Monday.
Startups for raising employment efficiency, improving students’ access to accommodation and enabling individuals and businesses to find qualified freelancers are among projects unveiled as winners of the Georgian Innovation and Technology Agency’s grant programme.