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Home / Business / Innovation and Technology Agency Extends Small Grants Program

Innovation and Technology Agency Extends Small Grants Program

Innovation and Technology Agency of Georgia has extended the 5000 GEL grant program.

Marketer has taken an interview from Papuna Papiashvili, head of the agency strategic development department, about the program’s target audience, the program objectives and the details applicants should makes focus on.

-Who are presumed in the program’s target segment and how this program will promote the grant seekers?

-The 5000 GEL grant is a good opportunity for entrepreneurs specializing in innovations and technologies, researchers and inventors and stratupers to receive necessary financial resource and undertake efforts or develop the existing undertakings. Key target directions of this program guarantee the mentioned objectives. 

-How many beneficiaries will enjoy the grant program opportunities?

-The 2018 annual budget makes up 200 000 GEL. Therefore, we believe at least 40 applications will be satisfied. Naturally, there is probability that applications of less than 5 000 GEL be also submitted to the agency. In some cases, the commission may also conclude that this or that project needs less funds and ask the project author to revise the project budget. As a result, the number of beneficiaries will be more than 40 ones.