500 Global: 13 startups present ideas to potential investors in Georgia
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. Photo: GITA
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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.
Economy Minister Levan Davitashvili, present at the event, said seeing the groups present "very interesting products" following a 12-week programme with their mentors was an "exciting moment".
Within the programme, new companies, startups have the opportunity to share experience, gain knowledge and become stronger from very experienced mentors. [This comes] at the end of such an accelerator programme, and we have a demo day today where we learn about their products", Davitashvili said.
Photo: GITA
The 13 startups involved in the programme - Bonpara, Epoint, GOTCHA, iDialogue, Kings, KOVZY, LiveBoard, Praktika, Pyme, QuickShipper, TASS VISION, Text'nPayMe and Voiceloft - are based in Armenia, Azerbaijan, Georgia, Germany, Uzbekistan and other countries.
500 Global, a venture capital firm with $2.7B in assets that supports technology startups, launched Georgia's first international accelerator programme in 2022, with the support of the GITA and Bank of Georgia.
Touch Summit, the largest technology conference in the South Caucasus region, opened today under the roof of Rustaveli Theatre in Tbilisi, where speakers representing innovative companies from across the world including Google, Revolut, Nike, Tesla, Siemens, Porsche and Bolt took to the stage to share experience and participate in panel discussions during the two-day event.
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.
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.
Georgia’s Black Sea city of Batumi on Saturday hosted a national leg of the Startup World Cup competition involving top startups from across the country, 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.
Georgian Economy Minister Levan Davitashvili on Tuesday highlighted efforts being made by the Government to support the development of information technology and startup ecosystem in the country.
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.
Avtandil Kasradze, the Chair of Georgia's Innovation and Technology Agency, held meetings in Japan to brief the Japanese partners about the development of Georgian innovation and technology “ecosystem” and to internationalise the country’s startups in the Japanese market, the Agency said on Saturday.
Georgian Economy Minister Levan Davitashvili on Friday said the Government would continue to support of technology and innovation sector due to its importance for a “transformation” of the economy.