US Investors Establish 500,000-USD Foundation to Fund Georgian Startups

US investors have established a 500,000-USD foundation to finance GITA startups. Georgian Innovation and Technology Agency (GITA) and TECH Friends of Georgia have already signed a memorandum on mutual understanding.

Under the memorandum, GITA will select startups with global potential in which TECH Friends of Georgia will invest $500,000.

In order to develop the Georgian startup ecosystem and deepen cooperation between startup ecosystems of Georgia and California, the Partiers have agreed to organize various activities for promoting innovations and technologies and this will enable Georgian startups to get access to financial resources and acquire international experience.

The online conference was opened by Economy Minister Natia Turnava. The welcome speech was delivered by the US senator from Minnesota Norm Coleman. The memorandum was signed by GITA chairman Avtandil Kasradze and TECH Friends of Georgia managing partners Isaac Applbaum, Ori Sasson, Marc Abramowitz, and Ted Tussing.

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Business

US Investors Establish 500,000-USD Foundation to Fund Georgian Startups

US investors have established a 500,000-USD foundation to finance GITA startups. Georgian Innovation and Technology Agency (GITA) and TECH Friends of Georgia have already signed a memorandum on mutual understanding.

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US Investors Establish 500,000-USD Foundation to Fund Georgian Startups

US investors have established a 500,000-USD foundation to finance GITA startups. Georgian Innovation and Technology Agency (GITA) and TECH Friends of Georgia have already signed a memorandum on mutual understanding.

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

Visa-Free Travel to China for Georgian Citizens to Start on May 28 02

European Commission Director General to visit Georgia 03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 04

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 05

Georgia Sees Surge in Electric Vehicle Registrations 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

Visa-Free Travel to China for Georgian Citizens to Start on May 28
02

European Commission Director General to visit Georgia
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
04

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
05

Georgia Sees Surge in Electric Vehicle Registrations
06