Georgian startups called to submit ideas to grant programme
The evaluation will be followed by a shortlist of 50 finalists, who will be invited to a five-day coaching, and will pitch their projects before an “investment committee”. Photo: GITA
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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.
GITA on Wednesday announced the 10th edition of its programme for startups whose yearly total turnover does not exceed ₾500,000 ($188,703).
Submissions for the programme, accepted on the website for the grant, will open on February 15 and be evaluated by international experts, who will assess the projects and interview their authors.
The evaluation will be followed by a shortlist of 50 finalists, who will be invited to a five-day coaching, and will pitch their projects before an “investment committee”.
The winning startups will each receive grants of up to $56,611.
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.
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.
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.
The Georgian Innovation and Technology Agency on Friday announced it had signed a contract with 500 Global, a venture capital firm, to retrain startups in Georgia over the next four years.
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.
The Business Association of Georgia on Thursday published the results of a survey that said 63 percent of its member companies planned to increase the volume of their investments this year.
Investment consultants and managers from the world’s leading BPO companies on Friday praised Georgia’s positive dynamics in the industry, as well as the country’s investment potential.
Georgia’s export promotion agency Enterprise Georgia has held meetings with “large American business corporations” in San Diego, California, with the aim of attracting more investment from the United States in the country, the body announced on Monday.
Georgia is set to join a mission to the moon through a collaborative effort between Touch, the Tbilisi-based platform connecting digital professionals, startups, business and investors, and the United Kingdom-based Spacebit robotics technology company for lunar and planetary missions.