Co-founder of The Crossroad: Georgia has Great Potential, Startups Stand Out for Their Innovation

"Georgia has great potential. Local startups stand out for their innovation, ”Svetal Kumar, co-founder of THE Crossroad, a new platform for startups and investors in Georgia, told Forbes Georgia. For reference, The Crossroad will hold the first large-scale event in Tbilisi in September, which will be attended by hundreds of investors and startups from around the world.

"97% of startups in the ecosystem do not succeed. Our goal is to change this figure. The most effective way to do this is to share knowledge, information and experience and involve investors, ”said Svetal Kumar, co-founder of THE Crossroads. He is convinced that the initiative of THE Crossroads in Georgia will definitely be successful.

"I am confident that our platform will be successful in Georgia and the relationship between startups and investors will be fruitful. We have created incentive programs for startups before. For example, we brought in international investors in the UAE market, which led to great success in the region. That is why we decided to create a similar ecosystem in Georgia. why not? Georgia has a lot of potential," said Svetal Kumar.

It is noteworthy that within THE Crossroads, its founders expect guests from the largest accelerators of Silicon Valey as well. Negotiations are underway with Google For Startups, Venture Hub and cooperation with other foundations has begun. THE Crossroads partners will be the Japanese corporation SoftBank Robotics, the German company Festo, which are leading companies in industrial technology and robotics. In addition, the event will be supported by the UN Center for Artificial Intelligence and Robotics. The participation of technology education centers, universities, IT and innovation centers in different countries is noteworthy in the planned event.