LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED

PROGRAM
Space for Your business
You can find a place to
start business – Incubator
Space for your growing
service company - Office
units
Space for your industrial
firm - Industrial units
Home of new
technologies - Technology
park
Businesses that operate in the incubator can take advantage of common
administration, secretary office or information sources. Incubators will serve
entrepreneurs that need space to start
The incubator may serve as a tool of promoting certain types of business
activity or stimulating its weaker areas. As a result, they can save a lot of
money on starting investment costs and use it for equipment and working
capital instead. In an optimal version this project can be combined with a
business consultation centre and/or with project financing. From a financial
point of view several methods can be applied: the rent paid by the
incubator tenants can be refunded for a fixed period of time, or it can be
calculated as a turnover percentage. In both cases the tenants should pay
for communal services and share the administration costs. After 12 months
of exemption from rent the rent should gradually grow until it reaches
commercial levels after 2-3 years, which will enable the incubator to survive
Young and dynamically growing companies need more office space but
they don not have capital or credibility to buy or rent a commercial estate.
Provide through partnerships with developers and non commercial
organizations office space to growing companies within specific sectors.
Tbilisi needs more space for dynamically growing industrial companies
The objective of establishing Tbilisi Industrial Park (TIP) is to create an
attractive space for business and investments that boasts of efficient
infrastructure, low costs of facilities and of professional support services.
Competitive local economy has to create corridors for transfer of new
technologies.
Through partnership with other governmental institutions and universities
provide space and assistance to active in the area of knowledge based
economies. Promote Tbilisi to global corporations as locations of research
and development institutes.
Business
feasibility study
prepared.
Feasibility study
prepared
Joint projects
identified.
New projects
identified and
ready for
realisation.
Agreement on
city participation
in Tbilisi
Technology Park
development.
Business
-association
- International
organizations
- Developers,
- International
organizations
- Developers,
- Governmental
institutions,
- International
organizations,
- Neighbour local
governments
- Universities
- Governmental
Institutions
- International
organizations
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