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Technology Park

Georgia’s First Technology Park is A 5 Million Project: PM

Fists Technology park has opened in Georgia today, center is located in Okrokhana, Tbilisi’s recreation area near Mtatsminda Park.

Upon the initiative of the former Prime Minister of Georgia the Innovation and Technology Agency of the Ministry of Economy and Sustainable Development of Georgia constructed the High Technology and Innovation Development Center – the Technology Park. It shall establish the united eco system of the innovations and technologies in order to promote the development of the innovative ideas.

The main goal of the establishment of the first Technology Park is to develop and increase the number of knowledge-based small and medium-sized enterprises. The Technological Park also provides a unique opportunity to establish the presentations of the international companies and attract foreign investments.

The Technology Park will provide the start-up and small-sized companies with the resources which were difficult to access before. It will play special role in the founding of new companies and new businesses, development of existing business, commercialization of innovations and creation of high-paid jobs. 

Technological Parks, generally, have a great impact on the welfare of the society. This is the institution working on the principle of one-window for innovators and serving to transform the ideas into the real prototypes or products.

Technological Parks have significant role in:

• establishing new businesses; • development of existing businesses;• founding od new companies; • commercialization of innovations; • creation of high-paid jobs.

 The High Technology and Innovation Center consists of small incubators as well as educational centers and laboratories, large offices for companies, rooms for co-work and recreation areas. The accelerator, training-centers, show-rooms, high technological incubators, universal laboratories of manufacture innovations, co-working centers, conference hall and other services that shall encourage the development of the industry of high technology will be available in the Park.

It is worth mentioning that the first Technology Park was established in, Silicon Valley, Stanford University, USA in 1950. Currently, the Technology Park is available in 70 countries and they provide services for about 200 000 companies.

Georgian PM Giorgi Kvirikashvili said on the opening ceremony that project accomplished in one year and investment of 5 million GELs was allocated on the construction.

This is direct investment for Georgian future. This is a space where cooperation is carried on among three directions: Scientific, economic and government. I think that the park is an example of  successful cooperation of these three sectors.