On October 18,  The Memorandum of Understanding between Shota Rustaveli National Science Foundation of Georgia and the largest business association of Georgia - ,,Georgian Business Association”.

The memorandum was signed by Director General of SRNSFG: Prof. Zviad Gabisonia and Executive Director of Business Association Levan Vepkhvadze. It was mentioned at the event that this is the first precedent in science and business cooperation in Georgia. The Parties shall actively cooperate in promoting joint applied research between the scientific-academic sector and the business sector. This memorandum will promote fulfilmentSpecial recommendation from Eurpean Union ,,Policy Support Facility”

The memorandum will present the selected projects in the field of applied research of the SRNSFG to the business companies and the scientific projects, which will be commercialized as effective and profitable, will become business projects. One of the major challenges for post-Soviet countries is the commercialization of applied scientific research, the transfer of research to commercial transfers, the intensification of cooperation between science and the economic sector, which will ultimately contribute to the country's socio-economic development.