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: 3 | ARCHIVED on 30-Jun-2017 | ISR28799 | Implementing Agencies: Ministry of Economy and Sustainable Development, Georgia's Innovation and Technology Agency Key Dates Key Project Dates Bank Approval Date:18-Mar-2016 Effectiveness Date:21-Jul-2016 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  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Unsatisfactory  Moderately Unsatisfactory Overall Risk Rating  Substantial  Substantial 6/30/2017 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 was declared effective in July 2016. The Project is running about one year behind the original schedule in terms of results. The World Bank team's most recent mission, in June 2017, showed progress made by the implementing agency towards design and development of various Project activities, including the Broadband-for-Development (BFD) program, the innovation centers and hubs, and the matching grants program. However, due to the limited budget allocations for Project expenditures in both Budget Year 2016 (BY2016) and BY2017, implementation of Project activities has been slower than planned. Progress, in terms of disbursements and activity initiation, will likely remain limited through 2017. However, the team notes that GITA’s and the Government’s commitment to and ownership of the Project have not changed. Innovation and technology still remain among the top governmental priorities in Georgia. During the mission, the MOF and MOESD reiterated their support to the Project objectives. The GITA team has also undertaken significant amounts of work to put key processes in place that will accelerate Project implementation over 2017 and 2018. GITA has proposed re-sequencing some activities between 2017 and 2018 (through a reallocation of the existing budget for 2017), which will allow programs including BFD, innovation community building, matching grants, and digital economy skills development to begin in 2017. Four innovation centers are expected to open in 2017, and GITA is already taking steps to ensure that it can quickly open facilities in 2018 by securing appropriate locations. As such, the Bank team believes that the Project can accelerate activities and attain its development objectives in spite of the slower-than-expected start. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  Substantial  Substantial Macroeconomic  Moderate  Moderate  Substantial Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Substantial  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Moderate  Moderate  Substantial Environment and Social  Low  Low  Low Stakeholders  Low  Low  Low Other  --  --  Low Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators 6/30/2017 Page 2 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) PHINDPDOTBL  New/improved products/services introduced to existing or new markets by Project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 Date 31-Dec-2015 -- 01-Jun-2017 30-Apr-2021 PHINDPDOTBL  Startups launched by project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 340.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 PHINDPDOTBL  Access to Internet Services (number of subscribers per 100 people) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 39.00 56.20 56.20 50.00 Date 31-Dec-2014 21-Dec-2016 01-Jun-2017 30-Apr-2021 Comments Please treat current value of 56.20 as an estimate. The updated data is not yet available. PHINDPDOTBL  Beneficiary MSMEs selling via e-commerce platforms (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 400.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 Overall Comments 6/30/2017 Page 3 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Georgia National Innovation Ecosystem (GENIE) Project (P152441) Intermediate Results Indicators PHINDIRITBL  Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 64,000.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 PHINDIRITBL  Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 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 0.00 8.00 Date 01-Jul-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 PHINDIRITBL  CICs established, equipped, and operational (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 6/30/2017 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 -- 0.00 150,000.00 Date 31-Dec-2015 -- 01-Jun-2017 30-Apr-2021 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 -- 01-Jun-2017 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 0.00 33,000.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 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 0.00 275.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 6/30/2017 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 4,400.00 Date 31-Dec-2015 -- 01-Jun-2017 30-Apr-2021 PHINDIRITBL  Recipients of basic digital literacy training (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30,000.00 Date 31-Dec-2015 -- 01-Jun-2017 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 0.00 10,000.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 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 -- 01-Jun-2017 30-Apr-2021 6/30/2017 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 0.00 180.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 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 1,950,000.00 Date 31-Dec-2015 -- 01-Jun-2017 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 0.00 156.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 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 0.00 75.00 Date 31-Dec-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 6/30/2017 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 0.00 5,000.00 Date 01-Jul-2015 21-Dec-2016 01-Jun-2017 30-Apr-2021 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P152441 IBRD-85950 Effective USD 40.00 40.00 0.00 2.20 37.80 6% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P152441 IBRD-85950 Effective 18-Mar-2016 28-Mar-2016 21-Jul-2016 30-Apr-2021 30-Apr-2021 Cumulative Disbursements 6/30/2017 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. 6/30/2017 Page 9 of 9 Public Disclosure Copy