...

Georgian Innovation and Technology Agency implements new project with WB support

Business Materials 25 January 2021 16:12
Georgian Innovation and Technology Agency implements new project with WB support

BAKU, Azerbaijan, Jan. 25

By Tamilla Mammadova – Trend:

The Georgian Innovation and Technology Agency (GITA) has signed a grant agreement of 650,000 lari ($197,551) with a Georgian wine tea manufacturing company that has won the second phase of the grant program, Trend reports via Georgian media.

Wine Tea is a new product in wasteless wine production through high-technology recycling of Saperavi grapes wastes. The alcohol-free product comprises all useful properties, antioxidants, and energetic qualities. It is used as a hot drink and for making cold nonalcoholic cocktails.

By introducing innovative technologies in the wasteless industry, the company aims to manufacture non-GMO, healthy products that will popularize Georgia worldwide.

GITA launched the 650,000-lari grant program with the support of the World Bank (WB), with the aim to stimulate innovative production in Georgia and involve innovative technologies in the domestic economy.

Thanks to the program, Georgian micro, small and medium companies with the potential of developing innovative solutions will position their innovations on the global market.

The program funds products of global importance, technological or business process innovations associated with Georgia.

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest