Gori, Georgia - GREF recently completed its first "Entrepreneurship Training," held at Gori University. The project aimed to introduce Gori University students to concepts relating to entrepreneurship, to promote new methods of learning, and to encourage a cross-cultural business dialogue.
Project participants included GREF, the Net Impact Chapter of the University of South Carolina, Moore School of Business (USC), and students at Gori University.
GREF received over 35 applicants for the training, which was open to all university students at Gori University. 16 participants were selected, based upon applications and an interview process.
The training consisted of 6 sessions, covering topics such as developing business ideas, market research, cost and price analysis, and supply vs. demand. Throughout the training, students formed teams and designed their own business plans, which they presented at the end of the training. In addition, using a new web platform, teams from Gori University collaborated with mentors from USC. Each member of the winning team received the prize of a new book on marketing.
Three teams submitted written plans considered for the final competition. The plans included:
Business Concept: Nursing Home
Team Members: Tiko Barjadze, Tsisia Khanishvili, Vano Razmadze, Manana Sreseli
This team proposed opening a nursing home for the elderly. In addition to providing a secure, comfortable environment, the team proposed numerous services. A very unique idea for Georgia, this team was awarded "Most Creative Plan."
Team: MLGM Group (Award Winners)
Business Concept: Night Club
Team Members: Maia Gogichaishvili, Lasha Maisuradze, Guram Kristesiashvili, Mari Makhatadze
The business would be a place for entertainment in Gori, in a pleasant, welcoming environment. The team impressed the judges with their thorough plan and impressive presentation, including a comprehensive market analysis and financial planning.
Business Concept: Future Technologies
Team Members: Mari Tinikashvili, Tatia Gugutishvili, Teona Baliashvili, Nino Samadalashvili
The plan consisted of a business to renovate and design offices and homes in Gori. The plan was very well put-together and was recognized as the "Most Well-Written Plan."