Grants for 20 innovative start-ups in Georgia

  • Date: 02/10/20
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Twenty innovative start-ups in Georgia have received up to 100,000 GEL in funding as winners of the Start-up Matching Grants Programme, which is part of the Georgia National Innovation Ecosystem (GENIE) Project, implemented by the Georgia’s Innovation and Technology Agency (GITA), supervised by the Ministry of Economy and Sustainable Development. 

The main objective of the GENIE Project is to increase innovative activities of firms and individuals in Georgia and their participation in the digital economy. 

On September 29, the 20 best start-ups were announced after they pitched in front of a world class Investment Committee made up of high-level Venture Capitalists.

The 20 start-ups selected are:

MailJail Automated Email Interception and Monitoring System – a new system for the automatic monitoring of electronic messages.

InsureWise – The platform brings together insurance products and allows customers to compare, select, purchase and then manage the product.

REVI BOXES – Construction using second freight containers for the hotel sector.

SMART FERT 4.0 – New generation, soil-structuring “smart” fertilizer additives.

CORVIS – The project aims to simplify the full cycle of procurement processes. – Real Estate Shares Trading Platform – through a complex project, investments will be available to small and medium-sized investors. The project combines two digital real estate and SPMS shared property management platforms.

DENTOS – Dental Platform – Dental Platform (cloud technology) that provides digital and fast access to dental services.

Logisticwise – A complete e-commerce logistics management platform that includes integrated cloud-based warehouse, order and mail management services.

Kovzy – a unified platform for the transformation of food business processes, which will create a complete digital ecosystem in the field.

Cyber ​​Security Management Platform – CSMP – The goal of the project is to create and develop a cyber security management platform. – auto leasing comparison website – auto loan comparison platform – fintech product for selecting an auto leasing company. Aggregates car price data and allows customers to submit leasing applications to several financial institutions, compare and obtain customized terms.

Cyber-Lawyer – an online legal document preparation platform that facilitates users’ access to legal information without the participation of a lawyer and assists them in the process of preparing legal documents. – Centralised real estate affiliate platform – the first centralised, global real estate sales platform that offers new, innovative methods in the sector.

JOBIA Profit – an innovative mobile and web application for job seekers and employers.

Cloud-based platform Ehotelspace – an invention based on the cloud system, which aims to completely change the existing process of sales and service of the hotel business using modern technology.

OFOODO – The project aims to turn food outlets into a single space that will be accessible to local visitors and tourists.

Keto Diet App – a weight correction app that offers healthy and individually selected diet planning.

BWise Solutions – an online platform for small and medium auditing activities. The platform provides access to the latest information and features to maximise the audit process. – Cryptocurrency payment system for the commercial sector. It ensures the execution of global transactions and the receipt of funds in local currency.

Agronavti – Introduction of digital technologies for the agro sector to find markets for education, information and sales.

The Awards Ceremony was opened by the Chairman of the Parliament of Georgia, Archil Talakvadze and the Chairman of GITA Avtandil Kasradze. Representatives of public and private sector, international organisations and diplomatic corps attended the event.

A total of 78 start-ups have been already financed through the Start-up Matching Grants Programme, which takes place twice a year.

GITA started the fifth round of the programme in June 2020. A total of 322 participants applied through the platform: International independent experts were selected to peer review the process, and identified 40 finalists who got special 5-day coaching sessions to prepare for their presentations.

The Start-up Matching Grants programme is aimed at early-stage private and small enterprises incorporated in Georgia within the last two years. The objective of the programme is to stimulate innovation and the creation of innovative enterprises in the Georgian economy through the development and commercialisation of Innovative products and services with the potential for internationalisation. 

Press release

Meet the winners on GITA Facebook page