The University of Business and Technology hosted a presentation of research in the field of entrepreneurship. The research was conducted by university professors Ani Vashakmadze, Vakhtang Chkareuli, Tsotne Zhgenti and Lado Sirdadze in partnership with the University of British Henley.
Andrew Godley, Head of the Entrepreneurship Center of the University attended the presentation.
Research – Entrepreneurial ecosystem in two cities of Georgia – As the author, Ani Vashakmadze noted, the entrepreneurial ecosystem of Georgia is at an early stage of development, but other countries in the region or those who are in the process of rapidly changing institutions can use our example. The study provided a framework that describes the factors needed for rapid change in institutions. Ani Vashakmadze presented the mentioned factors and also answered Andrew Godley’s questions.
The research topic of Vakhtang Chkareuli and Tsotne Zhgenti was the importance of the capital market in the process of economic development, its formation in our country, the dynamics of investment banking development and other important issues. At the end of the presentation, a professor from Henley University asked entrepreneurs about finding foreign capital and received detailed information from the study authors on the sources of financing start-up businesses in our country. The research conducted by the professors can be found here.
As for the research on the startup ecosystem, Professor Lado Sirdadze reviewed why the status of a startup and the legal regulation of the startup ecosystem in Georgia are important. More specifically, the study addresses the legal aspects of a startup ecosystem. Due to the fact that it has been created in our country for only a few years, this issue is especially relevant now.
The professor presented an analysis of the current legislation related to the startup ecosystem, identifying gaps and finding ways to solve them. Also, state support for startups and their impact on the development of the country’s economy. See the study here.
The presentation of the studies was conducted in a question-answer mode. A professor at a British university praised the issues and key findings.
Business and Technology University has been actively involved in the development of the startup ecosystem since its inception and implements dozens of projects every year. In addition, it encourages university professors to conduct research on issues that help entrepreneurs and startups grow their business.