Innovation and Technology Agency of the Ministry of Economy and Sustainable Development has announced the GEL 100 000 Co-financing Grant Program for the fifth time. The presentation of the Grant Program was held at the Technology Park.

“Today, when we all are facing the new realities, new ideas, new approaches and innovations in any field are especially important.

The 100 000 GEL and the 650 000 GEL grants have already become a systematic, traditional program and a part of the startup ecosystem developing in Georgia.

So far, we already have 76 winners, which is a great achievement and I hope we will bring this number up to 100 this year. This is very important, because now we have the 5th stage of the competition, which indicates that a market with a certain history has already been created and the ecosystem is also improving.

This is a program of high standard since its participants are assessed by the Silicon Valley Venture Funds, the Engel Investors, their representatives and the experts.

Whatever is acceptable to them can most likely be interested globally. Winning our competition is a prerequisite that you can have a good chance of finding secondary financing and attracting investors in the global arena”, - Natia Turnava, the Minister of Economy and Sustainable Development, said at the presentation.