🚀 Key Takeaways of Startup Central Eurasia Ventures Summit 2024 🚀
- Varlam Ebanoidze, Central Bank of Georgia: The Central Bank of Georgia, have adopted open policy fintech strategy, anchored by smart contracts and global collaborations.
- Adilbek Kamiyev, EA Ventures: Central Asia & Caucasus (CCA) region boasts 3x faster startup growth than the global average, with $110M in VC volume. Cross-border deals are on the rise, signaling immense growth potential.
- Pedro Vieira, 500 Global: There is no lack of capital in the CCA region, but that capital is not actively coming to invest in tech. It is important to have International Financial Institutions to invest in smallish funds (sub-$20m). Governments should offer fiscal and other incentives for the capital holders to invest in tech.
- Ravshan Kurbonov, Tajikistan Venture Capital: China has more than 10K patents in AI. We need to invest more in education - educate startups, incubation and acceleration programs, and the local investors to involve them in the investment.
- Salome Napetvaridze: They have invested $14m in startups that generated over $74m revenues. They have supported 240 startups so far. With the efforts of GITA, 8 IT parks were created. They have developed a legislation for tax incentives for startups, the law now has a definition of startup. Tax incentives, R&D Expenditure incentives introduced.
- Sona Veziryan, BANA Angels: The role of angels is that they are the first risk takers and that's how they support startup ecosystem establishment. It is better to have developed angel ecosystem rather that grant scheme and promote angel investment culture, increase the number of angels.
- Manuk Hergnyan, Granatus Ventures: There is no lack of capital in early-stage, there is a lack of good startups. There are very few funds that can lead Series A funds. The key is in nurturing high quality pipeline. If you have a good pipeline the capital will come.
https://t.me/threenstartups
#startupcentraleurasia #venturesummit2024
- Varlam Ebanoidze, Central Bank of Georgia: The Central Bank of Georgia, have adopted open policy fintech strategy, anchored by smart contracts and global collaborations.
- Adilbek Kamiyev, EA Ventures: Central Asia & Caucasus (CCA) region boasts 3x faster startup growth than the global average, with $110M in VC volume. Cross-border deals are on the rise, signaling immense growth potential.
- Pedro Vieira, 500 Global: There is no lack of capital in the CCA region, but that capital is not actively coming to invest in tech. It is important to have International Financial Institutions to invest in smallish funds (sub-$20m). Governments should offer fiscal and other incentives for the capital holders to invest in tech.
- Ravshan Kurbonov, Tajikistan Venture Capital: China has more than 10K patents in AI. We need to invest more in education - educate startups, incubation and acceleration programs, and the local investors to involve them in the investment.
- Salome Napetvaridze: They have invested $14m in startups that generated over $74m revenues. They have supported 240 startups so far. With the efforts of GITA, 8 IT parks were created. They have developed a legislation for tax incentives for startups, the law now has a definition of startup. Tax incentives, R&D Expenditure incentives introduced.
- Sona Veziryan, BANA Angels: The role of angels is that they are the first risk takers and that's how they support startup ecosystem establishment. It is better to have developed angel ecosystem rather that grant scheme and promote angel investment culture, increase the number of angels.
- Manuk Hergnyan, Granatus Ventures: There is no lack of capital in early-stage, there is a lack of good startups. There are very few funds that can lead Series A funds. The key is in nurturing high quality pipeline. If you have a good pipeline the capital will come.
https://t.me/threenstartups
#startupcentraleurasia #venturesummit2024
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