TBC Bank's 'Startuper' Finances Start-Ups with GEL 2 mln

The results of the first five months of TBC Bank’s Startuper project were announced this week, seeing 50 start-uppers having used the special loan and GEL 2 million issued in support of their new businesses. The start-ups participating in the program operate in various industries, among them construction, production of footwear and clothes, agriculture, tourism, transportation and logistics, health and technologies.

Apart from the start-up loan, a special package of banking products, startup-leasing and a startup-card (joint card of Socar Petrolium and TBC Bank, that offers a 15 Tetri discount on fuel) were created within the program. Emerging businesses get special rates for these products.

In these five months, the Startuper banking products package has been used by up to 6000 start-up companies, and the start-up energy card by about 200. The non-financial activities of the program are also popular with the startupers, and around 300 of them have attended the special training programs and master-classes led by professionals from various fields, aimed at supporting the improvement of their business management skills.

Another non-financial initiative is media-support for the Startupers, which aims at promoting their businesses. Media partners of the program: Ambebi.ge, Bpn, ge, Marketer.ge and News.ge have written articles and interviews, while the special rubric ‘Startuper’ on the ‘Business Morning’ program has already introduced 170 companies and their founders to society.

Innovations are constantly introduced for the Startupers and many initiatives and projects are set to be implemented in the near future.

Detailed information about the TBC’s Startuper program can be found at www.startuperi.ge