Posted: 1 year ago

Batumi Technopark Hosts Final Round of GITA's ₾150,000 Startup Grants Program"

The Georgian Innovation and Technology Agency's (GITA) ₾150,000 co-financing grants program has entered its climactic phase at Batumi Technopark. Over the next three days, the finalist startups will showcase their projects to an investment committee, comprising globally reputed venture investors.

The esteemed jury panel includes:

  • Martin Ringlein, an accomplished investor, entrepreneur, and managing partner at Adventure Fund, known for his investments in titans such as SpaceX, Uber, and Coinbase.
  • Luke Kowalski, Vice President of Oracle, who brings substantial expertise in business modeling and technical design from his work with startups, including e-commerce pioneer Netscape's Server.
  • Tim Wagner, an investor boasting extensive experience in marketing, product development, and business team management.
  • Bill Reichert, a seasoned professional with over two decades of experience as an investor, entrepreneur, venture capitalist, mentor, speaker, advisor, and lecturer.
  • Sacha Michaud, the co-founder of Glovo, also renowned as an entrepreneur, investor, and advisor.

On June 1, 2023, the winners will be revealed—startups that will gain the necessary boost to bolster their success and launch their products on the global stage.

Launched for the tenth time on February 8, 2023, GITA's co-financing grants program has already funded a total of 175 startups in its previous nine rounds. This initiative aims to catalyze the development and commercialization of innovative products and services in Georgia, possessing global potential, and to foster the establishment of innovation-driven enterprises.