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Business Project for Students
May 13, 2011
Tbilisi, Georgia


Winners of the Student Project organized by the Ministry of Economy and Sustainable Development were announced. Presentations of the investment projects prepared by the students and the award ceremony were held at “Didube Plaza” Conference Center.


The winners were awarded by the Minister of Economy and Sustainable Development of Georgia, Vera Kobalia.


The new student project was initiated in March 2011 by the Ministry of Economy and Sustainable Development, National Investment Agency and Enterprise Management Agency and it implied that students prepared business proposals for concrete projects that were chosen by the organizers beforehand.


6 leading universities participated in the projects: Tbilisi Free University, International Black Sea University, Caucasian Business School, Iv. Javakhishvili Tbilisi State University, University of Georgia and Georgian-American University.


92 students from these universities actively participated in the project and prepared their proposals on cases such as: Development of Akhtala Resort, Refinement of Vartsikhe Brand, study of high- pressure natural gas venture and proposal of business plans.


The fourth topic of the contest was to study export potential of different products and planning general development in this direction.

At the last stage of the project, the students had 30 minutes to present their projects. 10 minutes were spent on questions and answers between the jury and the students.


Each topic of the project was evaluated by 4 juries; the jury was composed of managers of financial institutions, representatives of the Ministry of Economy and Sustainable Development and experts.


The jury was formed in such a way that the students were evaluated in the most objective and transparent way.

The jury revealed 4 winner groups – 16 students who received Ipads as presents.


The Winners of the contest are following:


  • Georgian-American University (Refinement of Vartsikhe Brand)
  • International Black Sea University (high- pressure natural gas venture)
  • University of Georgia (Development of Akhtala Resort)
  • Caucasian University (Study of export potential of different products).


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