Georgia is Facing a New Opportunity to Develop Innovative Ideas
Startup Factor, based on international standards established by the Startup Factory of the Georgian University Innovation Center, is an accelerating program managed by Future Laboratory and implemented and based on the principles of the ‘500 American Start Accelerator's 500 Startup Operations.’
The program of the State project is run by Irakli Kashibadze and 500 Startup Accelerator Program Certified Trainer, Giorgi Khachidze.
Acceleration involves a three-month active promotion process where teams with innovative ideas prepare to enter the market with specific products.
Startups are able to get trainings from leading specialists throughout those three months, get advice from mentors, consult with field specialists and state agencies responsible for the issues, contact technical specialists, work on their business model and refine the initial product.
It has already been confirmed that one of the foreign investment funds which invested in the startups, is to start funding three startup factories with EUR 5,000 to 10,000.
On April 15, within the frames of ‘DEMO,’ other Georgian and foreign investors will hear the results of the selected startups and also be able to consider cooperation.
The selection of final startups was said to have been difficult, as many interesting projects were introduced to bring innovation to the market. Namely, the 11 finalists are:
● ‘Total Traffic Management,’ which monitors the speed of public, personal and service traffic and offers dynamic regulation.
● ‘Family’ is a startup program that helps patients to deal with complications in pregnancy and subsequent periods, including the ability to effectively deal with child problems and to get appropriate situational advice.
● ‘Spy Recipe’ provides customers with seasoned spices, and plans to offer interesting ways to make homemade dishes that are effective and tasty.
● ‘T'winers’ is a startup which will help citizens to use taxis at reasonable prices, and significantly reduce municipal traffic.
● ‘DR Pillow (DR-Dreaming-Reality)’ is a clever pillow that enables us to interact and manage our dreams.
● ‘Mima, Global Brain’ is an innovative application that reduces the lack of information in the process of selecting the next specialty, educational and exchange program.
● ‘Visual Hub’ offers branding and automatization.
● ‘Harry - App / Platform,’ can help travelers in the city to travel and save money.
● ‘Kangaroo Roger’ is a startup offering ways to choose a gift effectively.
● ‘FitCard’ creates a unique service that allows you healthy living with just one card. The application will also help time optimization and to reduce expenses.
● ‘Apply’ is an App to help you find likeminded people and infrastructure for organizing sports games.