On April 4, Lloyd's conference room "Creative Entrepreneurship Academy 2019" was opened. The main theme of the year is the role of festivals in the development of local economy. The event is hosted by organizations: Creative Caucasus, Creative Georgia and Creative Estonia.

Founders of Estonian and Georgian leading festivals talked about the innovative experience of festivals and assessment of desired or unwanted results. In addition, Estonian experts focused on the aspects of preparation and holding of the festival, such as branding, financing and planning of various services.

The event was opened by the Ambassador of Estonia to Georgia - Kai Carlsson and the First Deputy Minister of Education, Science, Culture and Sport of Georgia - Mikheil Giorgadze. The theme of this year's academy is to evaluate the impact of the creative economy on local development. Organizers of the Academy plan to develop an available platform, where knowledge and experience will be shared. The Ministry of Foreign Entrepreneurship is supported by the Ministry of Foreign Affairs of Estonia.