As Levan Davitashvili noted, startups participating in today's event present the latest ideas and innovative solutions that shape the future of our society. According to the Minister of Economy, it is important that the 500 Georgia Acceleration Program aims to provide the necessary resources, guidance and support to realize the full potential of our tech entrepreneurs.
500 Global is a global venture capital investment firm with $2.5 billion in assets under management. It invests in startups that create fast-growing technology companies. As part of the four-year partnership signed between the Bank of Georgia, 500 Global and Georgia's Innovation and Technology Agency, 500 Georgia will retrain startups twice a year.
During 500 Georgia's 12-week intensive acceleration program, startups worked with mentors to develop strategies for business growth, fundraising and market scaling. Today, on Demo Day, 12 startups presented their business to leading stakeholders of the ecosystem, local and international representatives of the VC ecosystem. The list of startups participating in the event covers many areas and sectors of business and technology, including: educational, private banking, communication, employment platforms, artificial intelligence, etc.
According to Levan Davitashvili, the state will continue to actively promote the development of innovations in the future.