The Startup Ecosystem of Georgia

Georgia has 1 city in the top 1000 and is the leading startup hub in Eastern Europe.


Georgia’s startup scene saw an increase in 2023 and jumped 2 spots from the previous year, outranking Costa Rica.



Regional Ranking

In Eastern Europe

Global Ranking



Startup Ecosystem Overview

city with high-rise buildings under orange skies
Georgia provides a good model for an open and transparent economy in Central Asia. The Ministry of Economy and Sustainable Development is focused on supporting startup ecosystem development, especially through its subdivision Georgia’s Innovation and Technology Agency (GITA). Startup Georgia is a good example of an active organization pushing the local ecosystem forward. Some initiatives of the organization include pre-acceleration and acceleration programs, bootcamps and community events for startups and investors. Furthermore, Startup Georgia continuously gathers data about investments, fundings, failures and exits of Georgian tech startups to showcase the state of the ecosystem in a reliable way. Several innovative centers and laboratories have opened in the country, as well as more than twenty Fab-Labs. There are several business support platforms and organizations, such as Startup Factory by the University of Georgia, Batumi Business incubator (Batumi is the administrative centre of the Adjara republic, a Georgian autonomy), and Startup Grind Tbilisi. Another hub that supports the business environment for entrepreneurs is the new Centre of Entrepreneurship by the International Chamber of Commerce.
Notable accelerator programs and coworking spaces include Impact Hub in Tbilisi, FasterCapital (a branch of an international online incubator and accelerator), and the acceleration program 500 Startups, launched with the support of the World Bank.
Georgia is also becoming increasingly popular with expats and digital nomads, which will add to its future knowledge base and talent pool.
Georgia benefits from same day registration for business and startup friendly tax laws. The country is affordable and accessible, with low labor costs and market access to Europe. More than 60% of the country’s population is English speaking.
The main challenges of Georgia’s startup ecosystem are a lack of experienced entrepreneurs and a small consumer market. A small market is expected from a country with such a small population, and pushes local entrepreneurs towards the global market. There is also less access to financial capital from both foreign and domestic investors. Startups mostly receive funding from state programs and competitions, and different banks have their own investing programs.
Georgia’s startup ecosystems have been very active with all the supporting initiatives implemented in the country, which helps young entrepreneurs develop and launch their innovative business ideas. The next phase will require results on the ground, which will have to be produced by Georgia’s entrepreneurs.

Free Dashboard
Pro Dashboard


Browse the startup ecosystem database of Georgia

Download the Global Startup Ecosystem Index 

Understand our ranking methodology and get the latest insights on the startup ecosystems of 100 countries and 1000 cities around the world!


The Startup Ecosystem in Georgia

In 2023, Georgia register a rise in Fintech startups. Some of the most notable success stories in this industry are those of , PAYZE.

Global Rank

Georgia is ranked within the top 100 startup ecosystems globally.

Top Industries

Georgia’s startup scene is best represented in Fintech, Software and Data, and in and Transportation.

Top Cities for Startups in Georgia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
Page out of 1


Notable Startups in Georgia
PAYZE startup icon
OMOFOX startup icon
OMOFOX startup icon


Successful Fintech startups in Georgia
PAYZE startup icon
PAYZE startup icon startup icon


Startups Ranking by Industry

Fintech icon
#60 worldwide

On our map, you can explore a total of 15 startups for Fintech.

Software and Data icon
Software and Data
#65 worldwide

In Eastern Europe, Georgia's Software and Data is in top 65. Georgia has a concentration of about 11 of the region's total Software and Data startups that are represented on our map.

Transportation icon
5 startups

Our database contains 5 for Transportation in Georgia.

Featured Ecosystem Portals

Go to portal
Go to portal

Become our Georgia Ecosystem Partner

Apply to join hundreds of leading ecosystem developers and represent the Georgia startup ecosystem at no cost.


Recent Posts

Mon Jun 05 2023

4 Reasons to Join StartupBlink’s Ecosystem Development Community

Join Now! Startup Ecosystem Development is a dynamic topic that requires keeping up with the most innovative policies, developments, and practices in the global startup scene. To bring startup ecosystem developers around the world together and help them to network and share knowledge, we decided to launch the StartupBlink Ecosystem Development Community on Slack. In […]

Wed May 10 2023

The Barcelona and Catalonia Startup Ecosystem Report

Download the Barcelona and Catalonia Report Ecosystem Report

Mon May 08 2023

Top Global Startup Influencers in 2023

Download the Global Startup Ecosystem Index   Unlock the full list of Influencers with the StartupBlink Pro Purchase Now Key Insights: US Entrepreneurs are in a much better position to become influencers The United States has 130 influencers, representing 80% of all influencers globally, mainly hailing from major cities such as San Francisco,  New York, […]