Financial aid program initiated in Tbilisi benefits small businesses
The city of Tbilisi has announced the launch of a new co-financing program aimed at supporting micro and small enterprises in their quest for growth and modernization. The application period for this initiative, which began on the current date, will last for 15 days [1].
The focus of this program is on businesses with the potential for growth, particularly those looking to acquire machinery, equipment, or production-related technologies [1]. Tbilisi City Hall has prioritized funding for micro enterprises and small businesses, recognizing their crucial role in the city's economy [1].
Preference will be given to proposals that improve efficiency, launch new product lines, or increase production volume [1]. This program is part of Tbilisi City Hall’s broader effort to boost small business competitiveness and sustainability [1].
While the exact details of the application process, eligibility criteria, deadlines, and the amount of co-financing have not been fully disclosed, it is clear that the initiative aims to share the cost of purchasing new equipment or implementing new technologies [1].
It is also worth noting that Terabank, a local bank, collaborates with Tbilisi City Hall on supporting small and medium enterprises, including through loan guarantees and sponsorship of entrepreneurial markets [2]. These channels might provide additional avenues for accessing funding support.
For precise application steps, eligibility rules, deadlines, and contact points, it is recommended to directly consult Tbilisi City Hall’s official website or their relevant department managing micro and small enterprise support programs [1][2]. The public information currently available is limited, so it is essential to stay informed for updates on this exciting new opportunity.
[1] Tbilisi City Hall's micro and small enterprise co-financing program for equipment and technology launch. (n.d.). Retrieved from https://www.tbilisicityhall.gov.ge/en/news/tbilisi-city-hall-s-micro-and-small-enterprise-co-financing-program-for-equipment-and-technology-launch
[2] Terabank collaborates with Tbilisi City Hall to support small and medium enterprises. (n.d.). Retrieved from https://www.terabank.ge/en/news/terabank-collaborates-with-tbilisi-city-hall-to-support-small-and-medium-enterprises
The co-financing program launched by Tbilisi City Hall is designed to help micro and small enterprises obtain machinery, equipment, or production-related technologies. Tbilisi City Hall has emphasized that they prioritize funding for these businesses, recognizing their vital role in the city's economy.
