Georgia Innovation and Technology Agency (GITA) IP Valuation Services

Georgia Innovation and Technology Agency (GITA)

Due to TIV’s expertise in Intellectual Property and Policy, TIV’s experts supported the Georgia Innovation and Technology Agency (GITA) in monetizing their Intellectual Property (IP). The agency, created through the World Bank’s GENIE program, is the Republic of Georgia's leading innovation and technology commercialization entity. Using avant-garde techniques of IP valuation, including Monte Carlo simulation and Bayesian forecasting, TIV provided GITA with a dynamic model which could be broadly used to estimate the potential of IP instruments toward eventual commercialization. The IP valuation exercise was conducted under the auspices of the Technology Transfer Pilot Program (TTPP) financed by the European Commission.