Axel Hosted Summit of 'Angel Investors' Invited from Denmark, Norway and Finland

A two-day summit of "Angel Investors" and organized by the Georgian Angel Investors Network "Axel" and partners, was held in Tbilisi. Up to 20 investors and representatives from DanBAN (Danish Business Angels), Business Angels Norway, FiBAN (Finnish Business Angels Network) visited the capital during the event.

The purpose of the visit was to strengthen the culture of "angel investment" in Georgia and to popularize the investment potential of Tbilisi, as well as to create opportunities for local small and medium-sized businesses to attract additional investments.

"Our main goal is to support the development of the private sector, to offer them opportunities to attract additional investment. The experience and practice that guests will share with local startups and industry stakeholders is very valuable. We hold a similar event for the second time. In June of this year, "Baltic Angel Investors" visited Tbilisi and within the framework of the event, the Georgian startup - Total Traffic Management (TTM) was able to attract investment from Baltic Tech Ventures, based in Latvia. It was recognized as one of the best investment startups at the event.

The interest expressed by startups at this event is a clear indication of the need of such kind of support to the local economic system. Tbilisi is an untapped business location that offers young, competitive and talented professionals to technology investors," said Andria Basilaia, Tbilisi Deputy Mayor.

The visit included panel discussions with public and private sector representatives, workshops to promote economic system development, and briefings by Georgian companies (pitch days) for investors.

An important part of the program was the presentations of investment projects of Georgian companies to investors in order for them to acquire additional funding. Pre-registered local technology startups pitched during the event.

The project was organized by Tbilisi City Hall and the Georgian "Angel Investors" network, Axel, in partnership with the Bank of Georgia and Grant Thornton Georgia.