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Jury From Silicon Valley Revealed Finalists of High-tech Component of Startup Georgia

High-tech component of the state program “Startup Georgia” that supports innovative business development has 51 finalists.

More than 720 applications have already been submitted within the frames of Startup Georgia. International experts of Silicon Valley selected 51 best ideas out of around 150 applications. Out of 51 finalists 20 winners were identified.

Each of them will be funded with 100 00 GEL. Ambassador of Slovakia Rudolf Michalka handed certificates of one week internship in Slovakia to 5 winners. Finalists were gives the symbol of Startup Georgia manufactured in Techno Park.

High-tech startups encompass fields including: aerospace production, cars, artificial intellect, biotechnologies, bioinformatics, computer engineering, computer science, informational technologies, nanotechnologies, nuclear physics, electromagnetic radiation, robotics, semiconductors and telecommunications.

State funding allocated at the first stage is 11 million GEL that will be used to fund innovative and high-tech startups. For the purpose of funding more startups in the future the program budget may increase to up to 35 million GEL.