33 million GEL Allocated to Support Startups

TBC’s ‘Starter’ Initiative sees 33 million GEL to support 12,000 Start-Up Businesses.

The program, which TBC Bank launched a year ago to support new start-up companies, is now sponsoring 12,000 different enterprises. TBC was the first bank in Georgia to offer startups and non-financial productions this type of assistance.

For over a year, more than 500 start-up companies attended training and master classes organized by TBC’s Starter. More than 200 articles, blogs, TV reports and videos were published for media and social networks on the initiative.

Today, Starter consists of four main directions: Startups, Startup-products, Training / Master Classes and Media Support. Representatives of start-up companies offered financial and non-financial services have already achieved success in different sectors. They include: the construction sector, shoe and clothing manufacturing, transportation, logistics, healthcare, technology, tourism and agriculture, among others.

The program has recently added two more directives – Support for Agricultural and Hotel/Tourism start-ups.

As a result of partnerships with various large companies, Starter has created special start-up products that offer new company representatives access to the resources they need and offers a discount on said resources. Starter will be assisted by companies Socar, Geocell, Silknet and TBC Insurance for 1 year. Further partnerships are planned with several companies in the near future.

Detailed information on all directions of the program can be found on the Starter's website www.startuperi.ge.