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Contract Award Notification

Project Name: Georgia National Innovation Ecosystem (GENIE) Project

Project Implementing Agency: Georgia’s Innovation and Technology Agency

Country: Georgia

Project number: P152441

Bid/Contract Reference No.:  GE-GITA-129809-CS-QBS

Scope of Contract: Regional Acceleration Program – Accelerating the Growth of Regional Startups

Duration of Contract: 15 months

Method of Selection: Quality-Based Selection (QBS)

Evaluation Currency: Georgian Lari       

Shortlisted Consultants:

Name: 500 Startups Incubator LLC (USA) in sub-consultancy with Bank of Georgia JSC (Georgia);

Name: JV Civitta Eesti AS (JV lead member) (Estonia) and WiseGuys Holding OÜ (JV member) (Estonia);

Name: Entrepreneurs Roundtable Accelerator (ERA) (USA);

Name: Plug and Play LLC (USA);

Name: Techstars Central LLC (USA);

Name: JV US Market Access Center Inc. (JV lead member) (USA), Garage Technology Ventures LLC (JV member) (USA), Trend Mobility LLC (JV member) (USA), Venture Dojo PVT Ltd (JV member) (USA), Nexus Partners LLC (JV member) (USA).

Consultants who submitted proposals:

Name: 500 Startups Incubator LLC (USA) in sub-consultancy with Bank of Georgia JSC (Georgia);

Name: JV Civitta Eesti AS (JV lead member) (Estonia) and WiseGuys Holding OÜ (JV member) (Estonia);

Name: JV US Market Access Center Inc. (JV lead member) (USA), Garage Technology Ventures LLC (JV member) (USA), Trend Mobility LLC (JV member) (USA), Venture Dojo PVT Ltd (JV member) (USA), Nexus Partners LLC (JV member) (USA).

 

Evaluated Consultants:

Name: JV Civitta Eesti AS (JV lead member) (Estonia) and WiseGuys Holding OÜ (JV member) (Estonia)

Technical Score: 88.57

Criteria:

Experience: 5.00

Methodology/Work Plan/Organization: 23.57

Key Staff: 60.00

Final Ranking: II

Name: 500 Startups Incubator LLC (USA) in sub-consultancy with Bank of Georgia JSC (Georgia)

Technical Score: 95.53

Criteria:

Experience: 5.00

Methodology/Work Plan/Organization: 32.75

Key Staff: 57.78

Financial Proposal Price at the opening: USD 1,498,770.00 (excluding all local indirect taxes)

Evaluated Price: GEL 4,458,690.87 (excluding all local indirect taxes)

Final Ranking: I

Awarded Consultant:

Name: 500 Startups Incubator LLC (USA) in sub-consultancy with Bank of Georgia JSC

(Georgia)

Technical Score: 95.53

Financial Proposal Price at the opening: USD 1,498,770.00 (excluding all local indirect taxes)

Evaluated Price: GEL 4,458,690.87 (excluding all local indirect taxes)

Final Ranking: I

Contract Price: USD 1,963,064.76 (including all taxes)

Contract Duration: 15 months

Summary of scope: Provision of consultancy services for development of Regional Acceleration

Program – Accelerating the Growth of Regional Startups.

Rejected Consultant:

Name: JV US Market Access Center Inc. (JV lead member) (USA), Garage Technology Ventures LLC (JV member) (USA), Trend Mobility LLC (JV member) (USA), Venture Dojo Pvt Ltd (JV member) (USA), Nexus Partners LLC (JV member) (USA)

Reason for Rejection: Authorization to sign - The consultant did not fulfil the requirement as per ITC 17.2.1 of RFP document, by not submitting the Power of Attorney for each member’s authorized representative. Hence, the proposal was not legally binding and therefore substantially non-responsive to the RFP requirements.