Business Incubation Initiative Georgia team started research from 2002, with the aim to develop model of incubator for Georgia. Main principles of the new concept were defined as following:
- Suitability to local economic and political reality;
- Business plan with the aim to reach breakeven in 3 - 5 years and function as a financially self - sustainable organization;
- Sustainability by mission;
BII Georgia team members have conducted research in the world's leading business incubators and technology parks: Silicon Valley International Business Incubator (San Jose, California), business incubators of CISCO and NASA (Palo Alto, California), GIU – Saarland's Society for Innovation and Enterprise support (Germany), UTZ – St Wendel Entrepreneurship and Technology Center (Germany). BII Georgia also participated in number of conferences on business incubation: Berlin International Conference on business incubation (2003), I and II Global Forums on Business incubation (New Delhi – 2004, Hyderabad – 2006), and regional conferences:
- ECAbit (Eastern European and Central Asian Business Incubator Network) Conference. Kyiv, Ukraine – 2005.
- International conference on business incubation organized by the Ministry of Economy of Armenia and GTZ. Yerevan, Armenia – 2005.
- ECAbit conference on Innovation and Academic Entrepreneurship. Gabrovo, Bulgaria – 2009.
In 2004 - 05 BII Georgia with the support of infoDev and Eurasia Foundation conducted comprehensive market research covering entrepreneurs' needs, problems they face and support mechanisms working in Tbilisi. Research also tried to find out entrepreneurs' attitude to the incubation concept. The research was conducted together with BCG – center for marketing and sociological research, involving 500 entrepreneurs, business consultants and potential entrepreneurs.
BII Georgia developed business incubator concept based on the research results, assisted by the team of international consultants (Rustam Lalkaka, USA; Stefan Schandera, Germany; Krzysztof Zasiadly, Poland). Has been developed feasibility study and comprehensive business and operational plan, which is easily adaptable and replicable to the incubators with various focus and located in different regions of Georgia.
In 2008 BII Georgia established business incubator in Tbilisi, currently accommodating 3 tenant companies and 2 virtually incubated external clients.
BII Georgia actively participates in development of the global network of business incubators initiated by the World Bank infoDev program (IDISC). It participated in creation of Eastern European and Central Asian Business Incubators Network (ECAbit).