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Startup Georgia State Program Underway

Startup Georgia State Program Underway

On June 17 the Startup Georgia state program came into action as part of the four-clause plan of reforms developed by the Government of Georgia.

Georgian Prime Minister Giorgi Kvirikashvili  will introduce the program to the society at the Technology Park at 14 o’clock.

Dimitri Qumsishvili, First Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia, Ministers of the Government’s economic team, the Partnership Fund chairman David Saganelidze and Irakli Kashibadze, chairman of the Agency of Innovations and Technologies will attend the presentation.

The Startup Georgia state program enables Georgian citizens, especially, young people to undertake business activities based on their business ideas thanks to drawing a co-financing component.

The objective of the program is to uplift the entrepreneurial spirit in the country, launch many new businesses, create new job places and to make citizens able to arrange their own sources of revenues.

At the first stage, the Government will allocate 11 million GEL to finance innovative and high-tech startups. The program budget is expected to increase to 35 million GEL at the next stages.

The program coordinators are the Partnership Fund and the Agency of Innovation and Technology of Georgia.

Any citizen of Georgia and a group of citizens of Georgia are welcomed to participate in the program who can submit innovative, perspective and sustainable business proposals and who needs initial capital for implementing business ideas.

Applications will be accepted from June 17 through July 31. The application form and detailed information on the program implementation will be published on a special website – www.startup.gov.ge.

Those wishing to participate in the program will be able to receive consultations at the Technology Park building, where the program’s front office will be placed and interested persons will receive comprehensive information under one-window principle. A special hotline will also provide detailed information on the program.

Submitted projects will be selected by competition.