Entrepreneurs’ most frequent complaint is how challenging it is to raise money, especially risk capital: founders in developing countries have even more difficulty since the amounts of venture money for investment in most emerging countries is less vs. the USA. Yet with the millions invested in food & beverage, fast moving consumer goods, retailing, wholesaling, and construction to name a few in the developing world, why does so little of this money flow to tech enterprises—from Peru to Paraguay to…
As the Acting Chairperson of Georgia’s Innovation and Technology Agency (GITA), established under Ministry of Economy and Sustainable Development of Georgia, I am pleased to endorse and recommend the Innovative Ventures Inc. (IVI) contracted under Georgia’s National Innovation Ecosystem Project (GENIE), funded by the World Bank (Loan # IBRD-8595-GE) to conduct the mentoring services for the Startups awarded under Matching Grants component of the aforementioned project. Read the entire letter of recommendation: GITA Recommendation Letter of IVI(1)
TCP Kazakhstan Stats Technology Commercialization Project – Kazakhstan Summary: With little or no money from public or private sources to finance proof-of-concept through commercialization: TCP makes technology ready for customers or Angel/VC investors.