Caucasus International University project is the winner of Shota Rustaveli National Science Foundation of Georgia 2024 Fundamental Research Grant Call.

The scientific research project of Caucasus International University “The Relationship between Export-Oriented Business Model Innovation and Company Growth Types: Creating a Conceptual Model for Developing Export-Oriented Growth Strategies Based on the Example of Georgia” is the winner of the 2024 Fundamental Research Grant Competition.

Caucasus International University is the lead and co-sponsoring organization of the project. The project partners are the Institute for Business Research and Education and the management company GGM. Within the framework of the project, Caucasus International University closely collaborates with professors from the IDRAC Business School (France) and the University of Pavia (Italy).

The project coordinator is Shorena Kurdadze, Associate Professor of the Faculty of Business and Technology at Caucasus International University.

The project was rated 48 (50) points. In 2024, as well as in 2023 Fundamental Research Grant Calls, Caucasus International University projects are the leaders of the competition in the field of business and economics.

The goal of the research project is to study the relationship between export-oriented Business Model Innovation (BMI) and types of firm growth. As a result of the project, the relationship between BMI variables and types of company growth and their mutual influence will be identified. Accordingly, a conceptual model will be created for managing “growing pains” and crises of export-oriented companies during international expansion. The research project envisages close cooperation with the Georgian business sector.

528 project applications were registered for the 2024 Call for Fundamental Research State Grants. The projects submitted to the competition underwent technical expertise, after which 491 projects were evaluated by the European Science Foundation (European Science Foundation – Science Connect, ESF-SC). 111 projects were selected for funding.