Georgia
There is a lack of data due to low innovation activity and documentation
Current Challenges
-
Weak talent pool: small volume of human capital and a weak educational system
-
Small Consumer Population
-
Lack of access to both domestic and foreign private capital
-
Government regulations surrounding insolvency laws
​
Benefits of the Georgian Startup Ecosystem:
-
Easy to start a company
-
Entrepreneur-friendly tax laws
-
Stable political situation
-
low level of corruption
-
low labor costs
-
access to all types of cargo transportation (by sea/air/road)
-
Rather young population; more than 60% of the young population speak English
-
Georgia lies in the middle of the Middle East, Asia and Europe which makes it a well connected business location
Source of challenges & benefits: https://startupuniversal.com/country/georgia/
Institutions & Initiatives
Overview over the Startup Ecosystem
C10
A startup program in Tbilisi affiliated with Caucasus University that helps students turn their start-up ideas into prototypes in short order.
The Center in Tbilisi Improves the entrepreneurial ecosystem in Tbilisi State University through supporting facilities and establishing startup processes.
A government-led hub in Tbilisi for entrepreneurs without access to resources that can facilitate the transformation of a business idea into a business plan and be prepared for its success.
A TBC Bank program designed to support startup development and stimulate new business startups. (Source: TBC Startaperi)
Dedicated for the startup ideas that aim to completely change or launch a new product, process or service on the global market.
Helps Georgian startups develop their product and branding, and, most importantly, helps present it to global accelerators to enable startups to continue working in the world's leading accelerators.
Supports the development of start-up businesses in Georgia. The amount of co-financing of Startup Georgia ranges from GEL15,000 to GEL100,000. The total budget of a particular project is not limited. (Source: Startup Georgia)
Programme in Batumi