The main challenges of the startup's development in Georgia
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Date
2024
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The paper discusses the main strengths and weaknesses of startups in Georgia. In recent years, the
number of startups in Georgia has been growing steadily, which is facilitated by the improvement of the business
environment and the development of entrepreneurial culture. Government programs supporting entrepreneurship,
special economic zones, tax and organizational benefits create significant incentives for local
and foreign citizens to register business ventures in the jurisdiction of Georgia. The startup is a young
company that creates a new, improved product or service based on a unique business model. Such business
ventures stimulate the economic development of the country, increase the level of employment and innovative
potential. Startups operating in Georgia still face difficulties in a number of areas, which negatively affects
the full realization of its potential.
Description
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Keywords
Citation
IX International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2024, pp. 345-351