Categories: Business

Innovation and Technology Park will be constructed in Yerevan

Yerevan will become home to the first Innovation and Technology Park in the region to be constructed in Armenia. It will become the future workplace for more than 6000 leading professionals which will lead the integration of IT and innovation into all the major industries in the country, including engineering, finance, banking, healthcare, insurance, agriculture, mining, media, and telecommunication.

The Innovation and Technology Park will differ from other parks with its type and scale. Currently, there are many different small and medium IT and engineering parks in the world. The Innovation and Technology Park which is being built in Yerevan will be the first multi-industry park among CIS and Eastern Europe countries in terms of represented industries and geography of companies originating from.

The philosophy of the Innovation and Technology Park is the creation of an “ecosystem of innovation”. This will be possible through the involvement of educational, research and development institutions along with startupers, venture funds, incubation and acceleration programmers.

The Park claims to become the environment, where IT meets major industries and defines innovative products and services of future generation – putting Armenia and Armenian innovative products into a global innovation map. 

The initiative of the project comes from the “Galaxy” group of companies together with Armenian IT community. The project planning phases lasted for more than 2 years, and the details of this large-scale project will be released soon.

Share

Viva-MTS: the new “iPhone 13” model row smartphones already on sale

Viva-MTS informs that the new “iPhone 13” model row smartphones are available for sale at Viva-MTS starting from 15 October…

5 days ago

Ucom Has Officially Launched the Sale of iPhone 13

On October 14, 2021, at 11:30 PM, in Ucom’s service center located at Northern Avenue 1/2, an event announcing the…

5 days ago

Make payments via Idram in online stores, get free delivery or a cashback and take part in the draw

If you like to pay through Idram when shopping from online stores, or are just going to make your first…

5 days ago

S&P Improved the Outlook on Ameriabank to Positive

S&P Global Ratings improved the outlook on Ameriabank, revising it to positive from stable and affirmed 'B+/B' long- and short-term…

7 days ago

The Central Bank of Armenia: collector coin dedicated to the 150th anniversary of Alexander Spendiaryan’s birth

On October 13, 2021 the Central Bank of Armenia puts into circulation the silver collector coin dedicated to the 150th…

7 days ago

Global Finance Names Ameriabank the Safest Bank in Armenia

Global Finance names Ameriabank as the Safest Bank in Armenia for 2021 in its 30th annual ranking of the World’s…

1 week ago

AMX Armenia Securities Exchange Sums up the Third Quarter

The insights of the third quarter at Armenia Securities Exchange have shown a surge of market and trade values of…

1 week ago

A Success Story – Intensive Apple Orchard

"The idea of ​​establishing intensive orchards emerged about 4 years ago. Since the culture of intensive orchards was new in…

1 week ago