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Georgia Project Notice - Technology Transfer Pilot Project


Project Notice

PNR 41128
Project Name Technology Transfer Pilot Project
Project Detail Project Development Objective(s) Proposed Development Objective(s) The overall objective is to increase the capacity of Georgia’s agency responsible for innovation and entrepreneurship to effectively coordinate the Government’s approach to innovation and entrepreneurship policy formulation and implementation. The project has the following goals: a. increasing the agencys capacity to develop and implement (inhouse) innovation and entrepreneurship policies and programs with medium- and long-term strategies and results; b. testing (and demonstrating) the viability of technology transfer in Georgia; and c. improving the deal flow of innovative startups ready for investment, and of funding availability for early-stage companies; Key Results Result 1. Increased capacity of GITA to design and implement innovation financing programs Result 2. Effects of Innovation Support demonstrated through a Technology Transfer Pilot Program Result 3. Private Capital Crowded-in through Improved Early Stage Co-investment Schemes D. Preliminary Description Activities/Components Component 1: Increasing Institutional Capacity of Georgias Innovation and Technology Agency (GITA) Founded in 2014, GITA is itself in the process of transitioning from “start-up” mode to being a “fullfledged” innovation agency. In order to complete this transition, GITA will need to further its capacity to be a pillar of Georgia’s innovation ecosystem. This implies building a set of in-house competencies that are typical of similar organizations, for planning core operations as well as designing, implementing and monitoring discrete projects and interventions. The capacity building will be anchored in the development of a three-year strategy and detailed work program, budget, and staffing plan, along with training in innovation and entrepreneurship policy development and implementation, spanning support for a) incentivizing technology transfer and promoting collaboration between public research institutes and industry, and b) early stage financing. In addition, the training plan for GITA staff and consultants will be updated based on a new assessment (following up on a previous assessment conducted in 2015 by the World Bank[1]), and specific trainings will be provided on program and project management, procurement, team building, records management, and budget management and forecasting, among other topics. The specifics will be determined based on the assessment and results achieved by GITA up to the date of project commencement, and based on needs agreed between GITA and partners. Expected results include the development of GITA’s operational strategy, as well as the successful deployment of a Technology Transfer service offering, and an investment readiness program.
Funded By World Bank
Country Georgia , Western Asia
Project Value GEL 1,140,000

Contact Information

Company Name Georgias Innovation and Technology Agency
Address Team Leader Ifeyinwa Uchenna Onugha, Maja Andjelkovic
Web Site https://projects.worldbank.org/en/projects-operations/project-detail/P169599

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