The third International Supervisory Board meeting took place on July 14, 2016 at Shota Rustaveli National Science Foundation (SRNSF).  Activities over the last 6 months were reported to the members of the board. The meeting agenda covered ongoing and planned calls/ programmes, evaluation criteria, expertise related issues, grants monitoring and efficacy evaluation, SRNSF budget 2017 and priorities. The discussion touched upon grants database management system, challenges and further plans of the foundation.