ISET is renowned for its strong community spirit, which is perhaps best demonstrated by the activities of its Alumni Association, a non-commercial legal entity established in 2016. As well as organising activities and events for members of the ISET family, the Alumni Association is also a useful network for later personal and professional development. As a non-profit group, the Association is purely donation-based, with the top contributors in 2020 being former ISETers Salome Baslandze, Robizon Khubulashvili, Nino Doghonadze, Giorgi Papava, and Lasha Labadze.

The Alumni Association also distributes study stipends and recently launched a new one for 'the best improver', an award given to those BA students who have the most improved GPA scores between semesters. For the fall semester of the 2018-2019 academic year, it was awarded to one student; for the spring semester to two students; and for the fall semester of 2019-2020 to two students. Usually, students with the lowest GPA have higher chances, and the stipends encourage them to increase their motivation to continue and improve in their studies.