[1] The party was founded in 1999 by Gogi Topadze, the proprietor of a big beer and drinks company (Kazbegi), and gathered pro-business and industrial lobbyists.

Its main objective was to change the country's economic policy, especially by fighting the influence of the International Monetary Fund (IMF).

Even though it was not part of the government, it co-operated with then-ruling Citizens' Union of Georgia (CUG) of President Eduard Shevardnadze and did not constitute a firm opposition.

The coalition won 23 seats, making it the second force in parliament, behind new president Mikheil Saakashvili's dominating United National Movement.

During the 2016 elections, Industry Will Save Georgia won their only majoritarian, Simon Nozadze, constituency without facing a competing candidate from the Georgian Dream.