PALO ALTO, Calif. & TBILISI, Georgia – 500 Global, a renowned venture capital firm, has unveiled its plans to launch the 500 Global in Eurasia Accelerator Program, in collaboration with Georgia’s Innovation and Technology Agency (GITA) and Bank of Georgia. The program aims to identify, select, and support tech startups with exceptional potential across the Eurasia region.
“We have been working closely with GITA for many years to establish Georgia as a thriving hub for entrepreneurship. Through our partnership, we have successfully trained over 70 companies from 10 countries and brought in top-notch speakers and members of the global VC community,” said Pedro Santos Vieira, Partner at 500 Global in Eurasia. He emphasized the importance of the close collaboration with GITA and Bank of Georgia in their mission to strengthen the Georgian entrepreneurial ecosystem and uplift the regional economy.
As part of the program, selected startups will undergo an intensive course led by 500 Global, focusing on customer development, growth marketing, and other essential business foundations. Participating companies will have the opportunity to enhance key metrics critical for scaling and fundraising. The program will culminate in a Demo Day where the startups will showcase their ventures.
The sixth batch of the 500 Global Accelerator Program in Georgia comprises nine tech startups from six different countries. The selected companies offer a diverse range of innovations, including Clustr, an investment platform for web3 users; YAYA, a platform granting access to various kids’ centers; and KatalistAI, a company that turns messages into videos using generative AI, among others.
Bank of Georgia, as a leading tech company in the region, is committed to fostering tech initiatives and nurturing the startup ecosystem. Levan Gomshiashvili, Chief Marketing, Digital and CX Officer at Bank of Georgia, expressed his enthusiasm for the collaboration with 500 Global and GITA, highlighting their role in empowering Georgian and regional startups and providing them with the resources and support needed for their growth.
Since 2020, 500 Global has been successfully running the accelerator program in the region. As part of a long-term partnership agreement, the program will continue to be held in Tbilisi, Georgia, twice a year until 2026. Tech startups with operations in several Eurasian countries are eligible to apply for the program.
The 500 Global in Eurasia Accelerator Program aims to unlock the potential of tech startups in the region, driving economic growth and creating a vibrant entrepreneurial ecosystem. With its extensive experience and global network, 500 Global is well-positioned to guide and uplift these startups as they strive for success in the ever-evolving technology landscape.
The 500 Global in Eurasia Accelerator Program, in collaboration with Georgia’s Innovation and Technology Agency (GITA) and Bank of Georgia, aims to identify, select, and support tech startups with exceptional potential across the Eurasia region. The program has successfully trained over 70 companies from 10 countries, establishing Georgia as a thriving hub for entrepreneurship. The close collaboration with GITA and Bank of Georgia strengthens the Georgian entrepreneurial ecosystem and uplifts the regional economy.
Selected startups in the program will undergo an intensive course led by 500 Global, focusing on customer development, growth marketing, and other essential business foundations. This training will help enhance key metrics critical for scaling and fundraising for the startups. The program will culminate in a Demo Day where the startups will showcase their ventures.
The sixth batch of the 500 Global Accelerator Program in Georgia comprises nine tech startups from six different countries. These startups offer a diverse range of innovations, including Clustr, an investment platform for web3 users; YAYA, a platform granting access to various kids’ centers; and KatalistAI, a company that turns messages into videos using generative AI, among others.
Bank of Georgia, as a leading tech company in the region, is committed to fostering tech initiatives and nurturing the startup ecosystem. Their collaboration with 500 Global and GITA empowers Georgian and regional startups and provides them with the resources and support needed for their growth.
The program has been successfully running since 2020 and will continue to be held in Tbilisi, Georgia, twice a year until 2026 as part of a long-term partnership agreement. Tech startups with operations in several Eurasian countries are eligible to apply for the program.
Advantages of the 500 Global in Eurasia Accelerator Program include access to top-notch speakers and members of the global VC community, intensive training in essential business foundations, and the opportunity to enhance key metrics critical for scaling and fundraising. Participating startups also benefit from the resources and support provided by Bank of Georgia and the entrepreneurial ecosystem in Georgia.
However, there are some challenges and controversies associated with accelerator programs in general. These can include high levels of competition for limited spots in the program, the need for startups to relocate to the program’s location, and the pressure to meet high expectations and deliver results within a set timeframe.
Overall, the 500 Global in Eurasia Accelerator Program has the potential to drive economic growth and create a vibrant entrepreneurial ecosystem in the region. With the extensive experience and global network of 500 Global, the program is well-positioned to guide and uplift the participating startups as they navigate the ever-evolving technology landscape.
For more information, you can visit the official website of 500 Global at link name.