Enterprise Georgia, an export promotion agency of the country, is inviting micro and small-sized entrepreneurs in Georgia to submit their new business ideas for a state grant with a maximum amount of GEL 30,000 ($11,607).
The agency said on March 16 that “all adult entrepreneurs” were eligible to submit their projects to the Micro and Small Business Support Programme on April 3-27.
The only parties ineligible for the grant are the beneficiaries who won the grant in 2020 and those already funded more than once between 2015-2018, it added.
The participation fee for winners of the programme has been set to at least 20% of the grant, with the contribution from winning beneficiaries designated to be at least 50%. For projects designed for highland settlements, the former figure is 10% and the latter 25%.
The agency said new business ideas from young applicants, female entrepreneurs, internally displaced persons and socially vulnerable persons would be the focus of this year’s grant programme. (Agenda/Business World Magazine)
