For startups, international technology companies, angel investors and organizations interested in the field of innovation, the annual summit of the Global Startup Fund was held.
On May 31, the summit combined a startup competition, a presentation of a bestseller book related to venture agreements, a panel discussion and a keynote speech by a special guest who came to Georgia for the said summit.
Hilla Ovil-Brenner, invited guest of the summit, named among the 100 most influential investors in Israel, is a serial entrepreneur, investor of more than 70 startups, former head and mentor of Israel’s leading accelerator, Textar. Advanced, innovative and fast-growing startups of the country were selected to meet with Brenner and present the startups. Investors from international venture funds also attended the pitching session. The meeting with angel investors was a closed part of the event, the purpose of which is to provide access to finance for startups based in Georgia, the potential for international commercialization, and the opportunity to establish new connections.
The final of the student startup competition was also held at the summit, where the winner received 5,000 GEL as early funding. Student startups from all BTU programs participated in the competition, having passed the qualifying stage and the preparatory Bootcamp.
At the end of the summit, the presentation of the Georgian language edition of the world bestseller book “Venture Deals” was held, which was translated and published by the initiative and funding of BTU. The book explores the complexities of startups and entrepreneurship in today’s dynamic economic environment and teaches technology company investor relations strategies.
The Global Startup Fund is the first international startup fund in Georgia, which was created by the University of Business and Technology in Silicon Valley Tbilisi and aims to support innovative startups in the country in the process of sustainable development on global markets. Organized by the Global Startup Fund, with the participation of local and international investors, a meeting is held every year with the country’s leading startups to discuss their further funding and partnership potential. The fund organizes pitching days of startups and face-to-face meetings with investors, closed investor events, master classes from the world’s advanced startup ecosystems, sharing of international expertise, meetings with the Georgian Innovation and Technology Agency, financial institutions, and more. More than 1 million GEL funding was raised among startups by the Global Startup Fund.