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Law of Georgia on Innovations (No. 5501-IIs of 2016)

Country/Territory
Georgia
Document type
Legislation
Date
2016
Source
FAO, FAOLEX
Original source
440000000.05.001.018203
Subject
Agricultural & rural development, General
Keyword
Financing Institution Business/industry/corporations Financial agricultural measures International trade Internal trade Intellectual property rights/patents Research
Geographical area
Asia, Black Sea, Eastern Europe, Europe, Europe and Central Asia, Western Asia
Abstract

The purpose of this Law is to establish and improve a national innovations ecosystem required for the social and economic development of Georgia, to build the economy of the country on the basis of knowledge and innovations, to facilitate the use of technologies in Georgia which are created in other states, to promote the introduction and export of intellectual property and technologies created in Georgia, and to ensure the penetration of high technologies into all areas of science and economy in order to increase the competitiveness of the said areas. This Law shall apply to entities carrying out innovation activities, and the infrastructure supporting innovation activities, as well as the financing and commercialisation of innovation activities. State strategy in the area of innovations shall be approved by the Government of Georgia, by the recommendation of the advisory body of the Government of Georgia called the Research and Innovations Council. The Government of Georgia shall, in accordance with the priorities set forth in state strategy in the area of innovations, determine the subjects responsible for the implementation of the strategy. The legal entity under public law called Georgia's Innovation and Technology Agency (the Agency) shall promote the commercialisation of innovations and stimulate the use of such innovations.

Full text
English/Georgian
Website
matsne.gov.ge