On June 14th, Crystal and Crystal Fund arranged a reception at the House of Commons in London. The main theme of the event was UK-Georgia technology, trade and investment cooperation.
The reception was hosted by Mr. Fabian Hamilton MP, a Shadow Minister for Peace and Disarmament and supported by Georgia Embassy in the United Kingdom.
With Georgian young entrepreneurs, the event has brought together the members of both Houses of Parliament, international investors, representatives of civil society and media.
The group of young innovators took part in the “Startup Grind Europe” forum. The visit was supported by the Ministry of Economic and Sustainable Development, “Produce in Georgia”, Georgian Innovation and Technology Agency, UK Embassy in Tbilisi and “Startup Grind” Chapter in Georgia.
Georgian startup VREX has presented its state-of-the-art virtual reality application for Georgian tourism.
Apart from business cooperation, Crystal supports diverse relationship between the United Kingdom and Georgia, including deepening the cultural ties. As part of the House of Commons event, a Georgian Choir from Bristol performed polyphonic Georgian national songs.
Crystal’s Executive Chairman Archil Bakuradze said: “We are delighted that young startup entrepreneurs have the opportunity to demonstrate their innovative business models to interested investors, acquire fresh knowledge as well as leadership experience. Such events are crucially important for manifesting Georgia to the British public and decision-makers not only as a nation with remarkable culture and history, but also as a growing modern economy and society, which has the bright future and can become a global participant in technological innovation”.
Additional Information:
JSC MFO Crystal is one of the leading non-banking financial institutions in Georgia, which serves more than 77,000 small entrepreneurs and smallholder farmers through 60 regional branches, employing more than 950 members of staff. Currently, Crystal manages loan portfolio of more than $100 million.
Crystal Fund’s mission is to increase the financial literacy in Georgia, bolster standards in the provision of financial services and to implement social and community investment projects. Crystal Fund is actively promoting the rule of law and protection of property rights. It also advocates for the enabling business environment, youth entrepreneurship development, road safety and peace building in Georgia.