Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) Georgia National Innovation Ecosystem (GENIE) Project (P152441) EUROPE AND CENTRAL ASIA | Georgia | Trade & Competitiveness Global Practice | IBRD/IDA | Investment Project Financing | FY 2016 | Seq No: 1 | ARCHIVED on 28-Jun-2016 | ISR24271 | Implementing Agencies: Georgia's Innovation and Technology Agency Key Dates Key Project Dates Bank Approval Date:18-Mar-2016 Effectiveness Date:-- Planned Mid Term Review Date:01-Oct-2018 Actual Mid-Term Review Date:-- Original Closing Date:30-Apr-2021 Revised Closing Date:30-Apr-2021 Project Development Objectives Project Development Objective (from Project Appraisal Document) The PDO is to increase innovative activities of firms and individuals in the Borrower's territory and their participation in the digital economy. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Innovation Infrastructure:(Cost $14.70 M) Innovation Services:(Cost $13.40 M) Innovation Financing:(Cost $9.00 M) Project Implementation Support:(Cost $2.80 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Overall Risk Rating  --  Substantial 6/28/2016 Page 1 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) Implementation Status and Key Decisions The Project was approved in March 2016, and is expected to be effective by mid-July 2016. Hence, it is still in early stages of implementation. The World Bank team's most recent mission, in June 2016, showed substantial progress made by the implementing agency towards completing the effectiveness conditions and initiating key activities financed by the Project. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  --  Moderate Macroeconomic  Moderate  --  Moderate Sector Strategies and Policies  Moderate  --  Moderate Technical Design of Project or Program  Substantial  --  Substantial Institutional Capacity for Implementation and Sustainability  Substantial  --  Substantial Fiduciary  Moderate  --  Moderate Environment and Social  Low  --  Low Stakeholders  Low  --  Low Other  --  --  -- Overall  Substantial  --  Substantial Results Project Development Objective Indicators PHINDPDOTBL  New/improved products/services introduced to existing or new markets by Project beneficiaries (Number, Custom) 6/28/2016 Page 2 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDPDOTBL  Startups launched by project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 340.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDPDOTBL  Access to Internet Services (number of subscribers per 100 people) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 39.00 -- 50.50 50.00 Date 31-Dec-2014 -- 15-Jun-2016 30-Apr-2021 Comments Estimated based on Georgia National Communications Commission statistics. PHINDPDOTBL  Beneficiary MSMEs selling via e-commerce platforms (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 400.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 Overall Comments Intermediate Results Indicators 6/28/2016 Page 3 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 64000.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 PHINDIRITBL  RIHs established, equipped, and operational (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 8.00 Date 01-Jul-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  CICs established, equipped, and operational (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 Comments GITA has set up and is in the process of establishing three CICs with its own resources. One of these is operational. 6/28/2016 Page 4 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) PHINDIRITBL  Visitors to CICs and RIHs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 150000.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 Comments Estimated number of visitors to the operational CIC in Kharagauli, which has been set up by GITA as a pilot, is sixty (as of June 2016). PHINDIRITBL  Female visitors to CICs and RIHs (percentage of total) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  New household and MSME broadband subscriptions catalyzed by voucher program (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 33000.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Innovation competitions and exhibitions supported by the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 275.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 6/28/2016 Page 5 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) PHINDIRITBL  Participants in innovation competitions and exhibitions supported by the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4400.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Recipients of basic digital literacy training (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30000.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Individuals completing structured training modules and programs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10000.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Females completing structured training modules and programs (percent of total) (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 6/28/2016 Page 6 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) PHINDIRITBL  Beneficiaries of coaching, mentoring, or technical consulting (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 180.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Private financing catalyzed through matching grant programs (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1950000.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Enterprises and start-ups financed through matching grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 156.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 PHINDIRITBL  Government and associated professionals/staff receiving capacity building through trainings, workshops, study visits, etc. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 75.00 Date 31-Dec-2015 -- 15-Jun-2016 30-Apr-2021 6/28/2016 Page 7 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) PHINDIRITBL  Citizen engagement: user feedback collected from project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5000.00 Date 01-Jul-2015 -- 15-Jun-2016 30-Apr-2021 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Not P152441 IBRD-85950 USD 40.00 40.00 0.00 0.00 40.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P152441 IBRD-85950 18-Mar-2016 28-Mar-2016 -- 30-Apr-2021 30-Apr-2021 Effective Cumulative Disbursements 6/28/2016 Page 8 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/28/2016 Page 9 of 9 Public Disclosure Copy