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BTU Startup Fund Prepares to Commence Operation in May

by Georgia Today
March 11, 2021
in Business & Economy
Reading Time: 2 mins read
BTU Startup Fund Prepares to Commence Operation in May

The Global Startup Fund, based in Tbilisi’s Business and Technology University (BTU) and founded in partnership with Israel Silicon Wadi, is preparing to commence startup funding in Georgia. In May, BTU will host foreign venture funds and angel investors from the United States, Israel, Europe, and Georgia, as well as arrange participation in the world’s largest MIT Entrepreneurship Center and a Demo Day. The event will draw together foreign collaborators, investors, as well as notable startup community members from all over the world.
The Global Startup Fund is Georgia’s pioneer international startup financing organization, located in Silicon Valley, Tbilisi. With the support of the Innovation and Technology Agency, it has offered the first major funding for the startup Echolize to the amount of GEL 1.300,000.
The Global Startup Fund holds meetings with Georgia’s leading startups every year, bringing together local and foreign investors to explore potential financing and collaboration opportunities.
The Global Startup Fund organizes pitching days, face-to-face meetings between startups and investors, closed investor events, masterclasses from the world’s leading startup ecosystems, as well as shares international expertise, hosts meetings with various financial institutions and grants access to sources of financing for startups created in Georgia.
Since joining the MIT Entrepreneurship Center in February of 2021, BTU has granted access for all partner companies and investors to the Martin Trust Center’s international network, various events and conferences organized by the center, the latest research and literature generated by it, and more. The Martin Trust Center’s partnership with BTU envisages the implementation of various joint projects and the betterment of the entrepreneurial environment in the country, the support of Georgia’s startups, and the stimulation of innovative processes. Selected startup companies will take advantage of these opportunities.
To provide a variety of access to finance, TBC Startup, a strategic partner of the Global Startup Fund, has launched a new investment product that will soon become available to companies and investors seeking startup funding.

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