Growing the Startup Culture in Georgia - the Country
The World Bank, Bank of Georgia, and the Georgian Government Innovation agency have partnered with ADG to support economic development in Georgia.
The country of Georgia, located along the Black Sea to the south of Russia and next to Turkey, is a fast-growing nation of almost 4 Million and a GDP of over $17 Billion dollars. A former Soviet State, Georgia is now a representative democracy and has been moving closer to Europe in the last 3 decades. The country has developed immensely since it left the Soviet Union and is currently ranked 7th on the World Bank’s 2019 Global Ease of Doing Business Index – directly after the United States.
Eager to grow the country, the Georgian Government has been working with the World Bank since 1995. Along with Bank of Georgia and Georgia’s Innovation and Technology Agency (GITA) — a governmental entity — a partnership was formed to create Georgia’s first international accelerator in order to create jobs, bring in foreign investment, and grow the country as a startup and technology hub.
ADG was asked to be a leading partner in this accelerator in Tbilisi, the capital city, by the World Bank, Georgia’s Innovation & Technology Agency and 500 Startups. ADG is a keypartner in this project and is providing design education relevant for startups.