Natia Turnava Met with Selected Scientists of Technology Transfer Pilot Program

The Minister of Economy and Sustainable Development Natia Turnava met with the scientist-authors of the projects selected in the Technology Transfer Pilot Program (TTPP) at the Technology Park.

Avtandil Kasradze, Chairman of the Innovation and Technology Agency and Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development also participated in the meeting.

The meeting was interactive and the participants introduced their projects to the Minister.

The Technology Transfer Pilot Program (TTPP) was launched in April 2019, and aims to facilitate the commercialization of the research projects that meet the needs of the market.

According to the Minister, the technology transfer project is important for two things - one is to raise the full intellectual potential accumulated in our science over the years and the second - to promote local production and use on the ground.

The project is implemented by the Georgian Agency for Innovation and Technology with the technical support of the World Bank and the EU funding. The duration of the program is three years.

13 projects out of 74 project applications were transferred to the second stage within the framework of the technology transfer pilot program. Nine technologies with high potential for commercialization were selected from these 13 projects, and separate commercialization plans were elaborated for their development, according to which each project is being negotiated with various potential industrial partners for technology licensing or other commercialization.

Potential industry partners include large companies such as AIRBUS, Airbus Helicopters, Naval Group, CAOSA, MMC, etc.

Ministry of Economy and Sustainable Development of Georgia. 2017 ©