Angel investors, seed financing, and business incubators play a critical role in advancing blockchain throughout Georgia, many speakers argued on Wednesday at the Black Sea Blockchain Summit.
Mariam Lashkhi (left) and Deputy Chairman Avtandil Kasradze of Georgia’s Innovation and Technology Agency with Nikoloz Khundzakishvili, CORA Director for Efes Brewery (photo: 2018 Black Sea Blockchain Summit)
Speaking of his role in the formation of a business accelerator in the country, Nikoloz Khundzakishvili spoke of his long-term goal to transform Georgia into a startup nation. “We have resources that are everywhere,” said Khundzakishvili, CORA Director at Efes Brewery in Georgia.
“Accelerators pretty much didn’t exist in Georgia at all ten years ago,” said Andrew Thornhill, co-founder of digital currency exchange Spotcoin. “Generally speaking, incubation provides capital and mentorship, and that works,” he said.
It is why Spotcoin is using a significant portion of funds raised in its upcoming ICO to fund a new academic facility in the region. The Black Sea Blockchain Institute will teach software developers and business executives, and provide resources for start-ups and scale-ups in the region.
“Giving money without structure is losing money. It’s just throwing it away,” Thornhill said.
Khundzakishvili noted that it there is an economic shift underway, where there is more emphasis on selling technology and taking leadership in this latest industrial revolution instead of selling labor. It is a main reason why investment in business incubators is so important.
Blockchain start-ups can also solve governmental issues related to public safety and data security, said Avtandil Kasradze, the Deputy Chairman of Georgia’s Innovation and Technology Agency. These ambitious businesses are also creating opportunities by furthering new approaches to healthcare, medicine, and the environment.
“Opportunities are here. Resources are here. Let’s open the channel to Silicon Valley,” Khundzakishvili said.
Digital currency exchange Spotcoin organized the affair, the first major blockchain conference in the country. Around 200 people attended the event, held at Tbilisi’s unique pop-up concept Fabrika.
Interested in Spotcoin or SPOT?
Chat with Spotcoin directly in the Spotcoin Team and Spotcoin News groups on Telegram.
Read more about SPOT and Spotcoin in at spotcoin.com/whitepaper.
Answers to most ICO questions can be found at spotcoin.com/faq.
Residents and citizens of China, South Korea and the United States are prohibited from taking part in the SPOT private and public sales, except accredited U.S. investors, who may take part in the SPOT private sale.
For more information visit the links below;
Website: https://spotcoin.com/
Twitter: https://twitter.com/therealspotcoin
Facebook: https://www.facebook.com/spotcoin/
Reddit: https://www.reddit.com/r/Spotcoin/
Instagram: https://www.instagram.com/spotcoin/
YouTube: https://www.youtube.com/c/spotcoin
This is what I call a well calculated project. Kudos to the relentless team.
NEO platform is best for a new smart economy. Spotcoin as an all inclusive project that aims to carry the whole community along hosted on the NEO Blockchain will breed a new revolution for the blockchain that is fast aspiring to be the best in 2018.
Well said by Thornhill "Giving money without structure is losing money. It’s just throwing it away" and this is a great step by spotcoin team to open a academic to teach codes to developers.
Amazing summit! Focus on blockchain to business, government and all stakeholders. Interesting
Blockchain technology has shown its considerable adaptability in recent years as a variety of market sectors sought ways of incorporating its abilities into their operations. The start-ups have not been left out of this tremendous advantage, and thus far, it has been wonderful by connecting businesses to a whole lots of community of investors all round the world. At least, we can now say that we fully have a technology in place which everyone and a common man can benefit from it enormous advantages.
More and more investors with immense amount of capital is exactly what the crypto market needs. Crazy amount of potential in the early stage of adoption. To the Moon we Say!!
This is a good project. I participate in this new digital world. Excellent team and best concept.
Well planed project with great team. Day by day they achive therer traget in every accept. This project will be a one of the best prject in 2018. Cotinous update build more trust on peoples' mind.
This project has set goals and a clearly defined vision and know how to make it work. That’s what makes it different. I see great prospects and a lot of potentials ready to be showcased in this project.
It is what I think is cryptocurrency's great strength. The ability to raise money and transfer value easily across great distances is hugely empowering for anyone with a good idea and the skills to execute.
Spotcoin team working tirelessly. Sensitising and educating all and sundry about the benefits of the blockchain. This is good for the project and the community as a whole. Keep it up.
Well, everyone needs something else in there life. It looks like Spotcoin for everything gonna change their life. CEO and everyone working hard to get this project done. Glad to be part of this great project...
New successful project have already started, a great reason to invest
The Black Black Sea Institute will train software developers and business leaders and provide resources for beginner and large-scale projects in the region - I believe this is a key point
Black sea blockchain Summit is great! I would like to be there to meet spotcoin team members. Congrats
this is not a surprise for me.because this is one of the great project and it is normal people gather around this project in numbers.Telegram community is very active and friendly.admins answers every small question of people , keep the good work
Blokchein can solve very many, not only government problems and not only Georgia.
Right now I think it's not possible to found an IT startup without having to deal with Blockchain. Spotcoin is doing a great marketing and I think it's a great project!
This is a fantastic project on the neo platform. Thanks for the heads on spotcoin team we are waiting.
many startups have emerged over the last few years. thanks to blockchain, thanks to satoshi! we should embrace this change.
You folks are completing a great job. Considering how quick the group and enthusiasm for the undertaking develop inside such a brief timeframe, it isn't shocking that you have this test within reach.
The team works smoothly, and for every action it contains the answer, people will be hard to compete in this field but you have to fight and will not stop at anything. We trust you. I just admire this company, wish you great success on ICO. Great team, great company, great road map! I'm sure the company will show great results! Hoping youre reaching the enough funds for developing spotcoin project.
Great event, not hard to see why so many viewed Georgia the next major growth area for crypto and blockchain. SpotCoin is in perfect position to wide on the boom.
Bravo - glad to see some funds being used to help Georgia to become a startup nation, and that Spotcoin is using funds to build a new academic facility. Nice job everyone.
This project deserves a lot of attention, because its goals are very relevant in our days. Investing in a relevant and stable project is good way for earning money.
Spotcoin will offer its customers the highest dividend rates on the market: 51% from exchange fees, as a weekly dividend and an additional quarterly dividend of 12% from its business lines.
Great Opatunity. Never miss this chance. Neo Base great Coin.
These news are great to know more about this project!day by day the system develops #Spotcoin
It's nice to hear that the project invests some of the funds received from ISO in education. Financing the new school. Constantly watching the project. I see that he has very excellent prospects!
Short and on point article. In a few words, you have highlighted the key parts that make blockchain successful: "angel investors, seed financing, and business incubators".
But nevertheless, the key part that will make push your project forward is the initiative of creating The Black Sea Blockchain Institute. This is one of the few projects that want to educate the public, not only offer them a service/product. This is huge for all the crypto currency, as it will enhance the speed of adoption and make people more aware of the blockchain's benefits. Keep going, guys, you're doing the right thing
With more and more ICO's coming out each day, we must make sure we chooses the best. I am pretty sure I chooses the best one. Asura coin is going to the leader of esports industry soon. Waiting for the token sale.
Good to see the team getting stronger and stronger day by day. This is going to be the best project I believe.
Summit was a great help to future of SPOTCOIN project. Spotcoin able to gain big reputation with it. Many investors got informed about spotcoin because of that. Totally agree with you Mr.Thronhill. Strong structure
always leads to the long live successful path. Good luck spotcoin team. keep move forward.
Great Project This is one of the few projects that want to educate the public, not only offer them a service/product. This is huge for all the crypto currency, as it will enhance the speed of adoption and make people more aware of the blockchain's benefits.
This is a positive news to everyone, a great project, great team and great plans for the future, blockchain driven environment. I always look forward for the success of Spotcoin.
“Opportunities are here. Resources are here. Let’s open the channel to Silicon Valley,” Khundzakishvili said.
Very well said!
I am pleasantly surprised that there is no tax zone for mining and investment companies in Georgia. In such circumstances, the Spotcoin project has every chance of success.
Spotcoin is an example how a responsible and diligent startup should behave. We fully support you guys, the change will come with your project!
Georgia should be new incubator for startups as T-Hub (Telangana Hub) is India's largest incubator for startups, located in Hyderabad, Telangana.
I appreciate spotcoin initiative for using significant portion of funds raised in its upcoming ICO to fund a new academic facility in the region
Spotcoin have very experienced core member to win their project
They are all eager to change the world and provide the necessary bridge between crypto and fiat.
Recently began to follow the project in the telegram channel, a lot of good reviews and news, to miss such a great chance and the opportunity to participate in the project is unacceptable!
This will really help in avdancing the NEO ecosystem!
I love the #spotcoin approach. Startups embracing blockchain technology now are setting themselves on a solid foundation.
The fact that the Spotcoin team is creating awareness to startups is amazing.
Keep it up.
I like very much your project! Congratulations for your initiative! I wish you good luck and an extraordinary and globally success for your booming business! To become NUMBER ONE!
Really great team and nice to see all of them live & i hope this ICO project will be go hype and do something different in digital currencies world
This project have were there heading to and need to consertrate on them
spotcoin platform has proved to be organised being to first to hold major blockchain conference in the country in Tbilisi’s. keep it up