Start-ups, get ready for financing!

Start-ups, get ready for financing!

Institute of financing start-ups will start funding from September.Funding mechanism of  start-ups has already completed.

Partnership Fund  director David Saganelidze, announced that  the financing of the first start-up project is expected to take place in September.

Partnership Fund will coolaborate with techno park, and foster projects initiated by young generation in order to involve the youth in business activity.

The Partnership Foundation and the Ministry of Economy are working for start-up funding mechanism. Minister of Economy announced that the fund will consist of about 30-35 million GEL. According to the project, start-up businesses will be able to take a loan from commercial banks without collateral.

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