Angel Investors from the Israel Silicon Wadi, various international foundations, local investors, and speakers from the world-renowned Massachusetts Institute of Technology (MIT), in partnership with the Georgian Agency for Innovation and Technology, met via webinar at the 3rd Global Startup Fund event at the University of Business and Technology (BTU). 16 startups selected by investors made presentations for the international markets for commercialization and partnership opportunities with Angel Investors.
The Global Startup Fund is the first international startup fund in Georgia to be established at BTU with the support of Israeli Silicon Wadi Investors and the Georgian Innovation and Technology Agency. The first major funding in the fund, in partnership with GITA, to the amount of GEL 1,300,000, was awarded in 2019 to the startup Echolize. After joining the MIT Entrepreneurship Center in 2021, all BTU Startup Fund partner companies, startups, and investors have access to the Martin Trust Center’s international network, which is one of the largest startup ecosystems in the world.
TBC Startup, a partner of the Global Startup Fund, has created a new startup investment product that is also becoming available to companies and investors looking to fund a startup.
Following the presentation of the 16 startups pre-selected by investors, the best companies were identified that in the framework of the fund in order to get funding, and these will continue to negotiate with international investors.
By Ketevan Skhirtladze
