Funds and grants for small business in Georgia
In Georgia, various funds and grants are available to support small businesses. These programs aim to stimulate economic growth, support innovation, and develop entrepreneurship. Here are some of the key funds and grants available for small businesses in Georgia:
1. Produce in Georgia Program
- Description: This program supports local production, business development, and export opportunities. It provides grants, subsidized loans, and technical assistance.
- Financial Support: Grants and loans for expanding production capacities, purchasing equipment, and promoting products in foreign markets.
- Link: Produce in Georgia
2. Agricultural Credit and Leasing Fund
- Description: This fund supports the agricultural sector by providing loans and leasing options for farmers and agribusinesses.
- Financial Support: Subsidized loans for purchasing agricultural machinery, equipment, and materials.
- Link: Agricultural Projects Management Agency
3. Georgian Innovation and Technology Agency (GITA) Grant Program
- Description: GITA aims to support innovative projects and startups in the technology sector.
- Financial Support: Grants for developing startups, conducting research and development, and implementing new technologies.
- Link: GITA
4. European Bank for Reconstruction and Development (EBRD)
- Description: EBRD provides financing and support to small and medium-sized enterprises (SMEs) through various programs and initiatives.
- Financial Support: Loans, grants, and consulting services to help businesses develop and increase their competitiveness.
- Link: EBRD
5. USAID Zrda Program
- Description: The USAID Zrda program aims to strengthen economic resilience and support business development in Georgia’s regions.
- Financial Support: Grants for small and medium-sized businesses focusing on infrastructure development, production process improvement, and marketing.
- Link: USAID Zrda
6. European Neighbourhood Programme for Agriculture and Rural Development (ENPARD)
- Description: ENPARD supports the development of rural areas and agribusinesses in Georgia.
- Financial Support: Grants for agricultural cooperatives, farmer associations, and individual farmers for business development and innovative technology adoption.
- Link: ENPARD Georgia
7. Enterprise Georgia Fund
- Description: This fund provides support to small and medium-sized enterprises (SMEs) in various economic sectors.
- Financial Support: Grants and loans for business expansion, productivity enhancement, and market entry.
- Link: Enterprise Georgia
8. Innovate Georgia Grant Program
- Description: The program supports innovative projects and startups in various sectors of the economy.
- Financial Support: Grants for research, development, and commercialization of innovative ideas.
- Link: Innovate Georgia
9. Start-Up Georgia Program
- Description: The program aims to support new business ideas and startups.
- Financial Support: Grants and mentoring support for aspiring entrepreneurs and startups.
- Link: Start-Up Georgia
10. Business Support Programs by International Organizations
- Description: Various international organizations, such as the World Bank and International Finance Corporation (IFC), offer support programs for small businesses in Georgia.
- Financial Support: Loans, grants, and technical assistance to foster business development and economic growth.
- Link: World Bank, IFC
Conclusion
Georgia offers numerous opportunities for small businesses to receive financial support through various funds and grant programs. These resources help entrepreneurs grow their businesses, innovate, and access new markets. For detailed information and application processes, it is advisable to contact the respective organizations and programs directly.