მთავარი
Georgian Startups Rankings with the Volume of Attracted Investments
კითხვის სავარაუდო დრო 5 წუთი

Georgian Startups Rankings with the Volume of Attracted Investments

Georgian Startups Rankings with the Volume of Attracted Investments

Georgia’s Innovation and Technology Agency (GITA) of the Ministry of Economy and Sustainable Development is offering co-financing grants of GEL 15,000, GEL 100,000 and GEL 650,000 to startups to support innovation.

A company team, competitive advantage, product or technology that solves a significant problem with an innovative method and gives the startup the potential to commercialize in a global market – this is an incomplete list of GITA 100,000 co-financing grant evaluation criteria.

An assessment criteria of the 650,000 GEL grant program are relatively extensive, which, among other requirements, asks the bidder to demonstrate innovation of technology, product or service, clear IP position and potential, competitive position and commercialization potential, et al.

Forbes Georgia will introduce you to Georgian startups, the winners of GITA grant programs, which were able to attract the highest amount of investments beyond the grant in 2019-2020. Eight out of fourteen startups – Pulsar, Cryptx IQ, Cargon, BioChimPharm, Appidea, Phubber, Optio.Ai and Influence Georgia – are the winners of the second round of the Agency’s 650,000 GEL grant program, and the other six are the winners of the 100,000 GEL grant program.

 Activity: Pulsar works on creation of fully automated communication between the client and the car dealer, using artificial intelligence. The company aims to create technology that will enable car dealers to quickly and efficiently serve potential customers via email, text messaging or web chat. Pulsar AI is the first Georgian startup to have already attracted a US$ 1.2 million investment from investors of the Silicon Valley, which will contribute to its establishment  on the US market and increase of the team in Georgia.

Founders: Zaal Gachechiladze, Dachi Choladze, Sopo Chkoidze, George Arison

Volume of Investments: GEL 3, 740, 000

          

Activity: Appidea is one of the first Georgian companies, developing free to play mobile games for iOS and Android platforms. It was founded in 2014 and has studios in Tbilisi, Kyiv, and London. Its portfolio consists of 16 games and 2 apps. Appidea’s most successful game “Pixel Sword Fish io” has been downloaded more than 10 million times. The majority of users come from the USA. The company’s games are also popular in Asia and the EU countries.

For the Innovation Matching Grants program, the company intends to develop two free to play games. The first version of the game called “Hero Wings” is already available on the Appstore.

Founder – Zurab Inaishvili

Volume of Investments: GEL 2, 975, 000

          

  • Company: Cryptx IQ

Activity: Cryptal – innovative software connected to 10+ crypto exchanges and wallet services, enabling users to buy and sell crypto assets with favorable prices on the preferred exchange. When using Cryptal, traders will not have to log in to different exchanges and wallets separately. Everything is unified under one platform. The software provides Smart Bot services which make trading more efficient. Additionally, Cryptal offers the full capability for account management, meaning that its customers will get full portfolio management, reports, and KPI analysis.

Founder: Ioseb Bolkvadze

Volume of investments: GEL 2, 500, 000

          

Activity: Cargon is a digital electronic platform, which connects the shippers and carriers by pressing a few buttons, using an intelligent algorithm.

Founders: Vano Chaladze, Niko Turabelidze, Shalva Jalabadze

Volume of Investments: GEL 2,500,000

            

Activity: BioChimPharm is a biotechnology company that creates and manufactures sustainable alternative to antibiotics to create innovative products such as Fagio®, the company uses the natural enemies of bacteria – bacteriophages, or simply phages. The company is a holder of numerous local and international awards and ISO 9001-2015 certificate, employs up to 50 people, and has 2 international patents and 90 years of accumulated experience in phage technology. Bacteriophage preparations produced by the company are sold in 8 countries by the company with a complete production cycle. Animal Health and Veterinary are one of the directions developed by BioChimPharm.

Founder: Alexander Gholijashvili

GM: Rati Gholijashvili

Volume of Investments: GEL 1,455,000

          

Activity: Influence Georgia envisages the development of a fully automated influencer-marketing platform. The project aims to make the company’s product the number one influencer marketing platform in the world, which includes two main areas – e-commerce and sales-oriented marketing.

Founders: Giorgi Tushurashvili, Ladi Gabunia

Volume of Investments: GEL 698, 000

          

Activity: Complete online platform for auto import processes, all services on the principle of one window. The platform is built on single-window principle.

Founder: Zurab Bakuridze

Volume of Investments: GEL 515, 000

          

Activity: A digital platform that connects buyers and sellers of clothing, footwear and accessories. Phubber was launched in 2019 and today has more than 70,000 registered users, with more than 100,000 items available for sale on the platform. The company has been participating in the accelerator 500 Startups since June 2020, and in September they were included in the Top 5.

Founders: Giorgi Chugoshvili, Anano Dolaberidze

Volume of Investments: GEL 500, 000

          

Activity: Logmind develops a cloud-based log data intelligence platform that automatically detects problems from the organization’s application and infrastructure log data to help IT teams to proactively identify and solve technical problems from their complex IT systems.  The company’s platform transforms the organization’s log data into automatic and actionable insights to support IT teams with early detection and resolution of their critical IT incidents.

Founder: Ketevan Zaridze

Volume of Investments: GEL 367, 260

          

Activity: Peer-to-Peer platform ecosystem of automobiles, that connects car lessors and car renter.

Founders: Irakli Tsagareishvili, Sandro Shamanidi

Volume of Investments: GEL 270,000

          

Activity:  Real-time communication software, that allows companies to communicate directly with their web visitors via live-chat, web-calls, co-browsing, Facebook Messenger, Whatsapp, Telegram and Viber.

Founder: Nick Gabunia

Volume of Investments: GEL 200, 000

          

Activity: Bizon is the largest online space in Georgia, which brings together those interested in buying and selling heavy equipment and machinery, financial and insurance companies and other stakeholders. Bizon.ge was launched in 2019. Local representatives of international manufacturers and brands, various dealers and individuals have already placed hundreds of new or used products for sale or rent on the platform. A search engine created for construction, transport, medical and agro categories, detailed product descriptions and various features of the platform simplifies a difficult decision to purchase heavy equipment.

Founders: Salome Ghudushauri, Nato Toronjadze, Levan Gogoreliani, Beka Vakhtangishvili

Volume of Investments: GEL 140, 000

          

Activity: Optio.Ai creates AI/ML products for financial industry. Company is developing solutions in multiple directions, including: customer spending behavior analysis, natural language processing, propensity scoring, remote customer identification etc. Current clients of the company are: Bank of Georgia, Liberty Bank, Basisbank, Tera Bank.

Optio.Ai is the only Georgian startup, which is accelerated by one of the world’s best startup accelerators Techstars and member of its network. During 2018-2020 company has cumulatively got investment in amount of GEL 650 000 from local and international investors.

Founders: Shota Giorgobiani, Giorgi Mirzikashvili

Volume of Investments: GEL 126, 000

          

  • Company: Travel Guide

Activity: Travel Guide is a new global mobile platform. It simplifies travel planning for customers and offers a full package of services. The main goal of the company is to develop the tourism sector by using innovative technologies. The platform is designed for both travelers and influencers. They can share experiences, create own trips around the world and commercialize their own experiences using photo and video content. Most importantly, the app can also be used offline. At this stage it is in four languages: Georgian, English, Russian and Chinese.

Founder: Guja Narimanashvili

Volume of Investments: GEL 75, 000

          

          

დატოვე კომენტარი

სხვა სიახლეები

  • მსგავსი
  • ავტორის სხვა სტატიები

278 კომენტარი

  3. Hello there, just became aware of your blog through Google, and foundthat it’s truly informative. I’m going to watch out for brussels.I’ll appreciate if you continue this in future. Lots of people will be benefitedfrom your writing. Cheers!

    პასუხი

  4. Hi there! This poost could not be written any better! Readihg this post reminds me of mygood old room mate! He always kept chatting abou this.I will forward this post to him. Pretty sure he will have a goodread. Thank you for sharing!

    პასუხი

  5. Hi there! I just wanted to ask if you ever have any issues with hackers?My last blog (wordpress) was hacked and I ended up losing a few months of hardwork due to no backup. Do you have any solutions to protect against hackers?

    პასუხი

  19. What’s Happening i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out loads. I hope to contribute & help other users like its helped me. Great job.

    პასუხი

  25. An fascinating discussion is value comment. I believe that you need to write extra on this matter, it may not be a taboo subject however usually persons are not enough to talk on such topics. To the next. Cheers

    პასუხი

  28. I simply desired to thank you so much yet again. I am not sure the things I would’ve made to happen in the absence of the actual ways documented by you concerning that area. It truly was the frustrating scenario in my opinion, however , witnessing the expert mode you handled it took me to weep for gladness. I am grateful for this advice and even wish you recognize what an amazing job you are putting in teaching people today all through a blog. I am sure you’ve never got to know any of us.

    პასუხი

  29. Hi this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding experience so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!

    პასუხი

  33. I am really impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it’s rare to see a great blog like this one today..

    პასუხი

  34. Simply want to say your article is as astounding. The clarity on your submit is simply excellent and that i could assume you’re knowledgeable on this subject. Fine together with your permission allow me to clutch your feed to keep updated with impending post. Thank you one million and please continue the gratifying work.

    პასუხი

  35. My spouse and I absolutely love your blog and find most of your post’s to be exactly what I’m looking for. Would you offer guest writers to write content available for you? I wouldn’t mind producing a post or elaborating on a few of the subjects you write related to here. Again, awesome weblog!

    პასუხი

  36. After examine a few of the blog posts in your website now, and I really like your means of blogging. I bookmarked it to my bookmark website listing and might be checking again soon. Pls check out my web page as effectively and let me know what you think.

    პასუხი

  37. พนันบอลอย่างไรให้ได้เงิน แทงบอลชนะอย่างไรผิดฉ้อโกง UFABET จ่ายจริงจ่ายไม่ยั้งระบบเข้าใจง่าย แค่เพียงคลิกสมัครก็ทำเงินได้ง่ายๆกับคาสิโนออนไลน์ สบายสุดๆชีวิตชิวๆชีวิตคลูๆทำเงิน สร้างกำไรสบายๆต้องที่ UFABET

    პასუხი

  38. Very good blog you have here but I was wondering if you knew of any forums that cover the same topics talked about in this article? I’d really like to be a part of group where I can get comments from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Bless you!

    პასუხი

  41. After I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a remark is added I get 4 emails with the identical comment. Is there any method you possibly can take away me from that service? Thanks!

    პასუხი

  51. I am no longer certain the place you’re getting your information, but great topic.I must spend some time finding out much more or understanding more.Thank you for great information I was looking for this information for my mission.

    პასუხი

  52. A fascinating discussion is worth comment. There’s no doubt that that you need to write more about this subject, it might not be a taboo subject but usually folks don’t speak about such subjects. To the next! Kind regards!!

    პასუხი

  69. I’m now not certain where you’re getting your information, however great topic. I needs to spend some time learning much more or understanding more. Thanks for fantastic info I was searching for this info for my mission.

    პასუხი

  72. Excellent post. I was checking constantly this blog and I’m impressed!Very helpful information specially the last part 🙂 I care for such info a lot.I was looking for this particular information for a very longtime. Thank you and good luck.

    პასუხი

  78. whoah this blog is excellent i really like studying yourarticles. Stay up the great work! You understand, a lot of individualsare hunting round for this information, you could help them greatly.

    პასუხი

  94. Good blog! I truly love how it is simple on my eyes and the data are well written. I am wondering how I might be notified whenever a new post has been made. I’ve subscribed to your feed which must do the trick! Have a great day!

    პასუხი

  108. Enjoyed reading through this, very good stuff, thanks . „It is well to remember that the entire universe, with one trifling exception, is composed of others.” by John Andrew Holmes.

    პასუხი

  194. I don’t even understand how I stopped up right here, however I believed this submitused to be good. I do not realize who you’re but definitely you are going to a famous bloggerin case you aren’t already. Cheers!

    პასუხი

  212. Whoah this blog is magnificent i like studying your posts. Stay up the great paintings!You already know, lots of persons are searching around forthis info, you could help them greatly.Have a look at my blog post – Testolmax Review

    პასუხი

  242. Very well written information. It will be beneficial to anybody who employess it,as well as yours truly :). Keep doing what you are doing– for sure i will check out more posts.Also visit my blog post :: routine skin

    პასუხი

  245. What’s Taking place i’m new to this, I stumbled upon this I have discovered It positively helpful andit has helped me out loads. I hope to give a contribution & aid other users like its helped me.Great job.

    პასუხი

დაამატე კომენტარი

თქვენი ელფოსტის მისამართი გამოქვეყნებული არ იყო. აუცილებელი ველები მონიშნულია *