---
title: O.C.G.A. § 50-7-90. Definitions.
collection: code
id: 50-7-90
cite_as: O.C.G.A. § 50-7-90 (2025)
canonical_url: https://georgiacommons.org/code/50-7-90
md_url: https://georgiacommons.org/code/50-7-90.md
text_url: https://georgiacommons.org/code/50-7-90/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t49-t50-ch1-12-(v38)-2023-pdf.pdf?sfvrsn=60c992b5_0#page=694
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: STATE GOVERNMENT / DEPARTMENT OF ECONOMIC DEVELOPMENT / INNOVATION IN GEORGIA
---

# O.C.G.A. § 50-7-90. Definitions.

As used in this Code section, the term:

(1) “Innovation” means the use or incorporation of a new idea, a new or emerging technology, or a new use of existing technology to address a problem, provide a benefit, or otherwise offer a product or service.

(2) “Innovative product or service” means a product or service that includes an innovation.

(3) “Startup” means an entity that:

(A) Once it is operational, intends to:

(i) Offer an innovative product or service as its principal function;

(ii) Be registered as a business entity in Georgia; and

(iii) Have its principal place of business in Georgia; and

(B) Was created or developed by one or more individuals who have never owned, directly or indirectly, more than 25 percent of any business that has had more than $100,000.00 in gross receipts in a single year.

## History

Code 1981, § 50-7-90, enacted by Ga. L. 2021, p. 271, § 3/HB 611.

## Effective Date

This Code section became effective July 1, 2021.