World Bank Vice-President Visits Techno Park Tbilisi

World Bank Vice-President for Europe and Central Asia, Cyril Muller, visited Tbilisi’s Technological Park of Georgia’s Innovation and Technology Agency (GITA) on Monday.

The meeting was attended by Deputy Minister of Economy and Sustainable Development of Georgia, Ketevan Botchorishvili; Acting Chairman of GITA, Avtandil Kasradze; and World Bank representatives and teams of the Startup Georgia and Innovations Agency program - Business Incubator.

During the visit, Cyril Mueller learned about the main programs, projects, services and work processes of GITA and the Technology Park.

Beginner businessmen were able to introduce their ideas to the World Bank Vice-President and share the challenges facing them in the business field.

Muller’s visit comes as the World Bank's support to the Government of Georgia moves to a new phase.

In 2015, on the decision of the World Bank Executive Board, funds were allocated for Georgia’s national innovation ecosystem project (GENIE), which is being implemented by GITA.

The project supports the government's strategy to focus on the future by building a competitive and innovative economy.

The main goal of GENIE is the promotion of innovative firms and individuals, and supporting their participation in the digital economy, which can be achieved through investments in community-based centers.

Thea Morrison