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VENTURING INVESTMENT FUND TO BE CREATED
ArmenPress
June 4 2004
YEREVAN, JUNE 4, ARMENPRESS: The Union of Armenian Banks is planning
to found this year a venturing investment fund that is expected
to give an opportunity for financing discoveries and inventions
of applied importance. Mikael Hovsepian, the leading expert of the
Union, told Armenpress that the fund will be dealing with collection,
classification, analyzing and estimating the innovations to offer them
to business people by packages, who in case of agreeing to provide
funds, will also obtain ownership rights.
He said the idea of offering inventions by packages is aimed at
reducing the risk the businessmen may face. He added that this will
be the first such fund in Armenia and is supposed to boost economy
development and increase the quality of Armenian goods exported to
other countries.
He said a range of tax privileges will be foreseen for those
businessmen who will agree to fund these new ideas. Hovsepian said
the fund will be established before September.
ArmenPress
June 4 2004
YEREVAN, JUNE 4, ARMENPRESS: The Union of Armenian Banks is planning
to found this year a venturing investment fund that is expected
to give an opportunity for financing discoveries and inventions
of applied importance. Mikael Hovsepian, the leading expert of the
Union, told Armenpress that the fund will be dealing with collection,
classification, analyzing and estimating the innovations to offer them
to business people by packages, who in case of agreeing to provide
funds, will also obtain ownership rights.
He said the idea of offering inventions by packages is aimed at
reducing the risk the businessmen may face. He added that this will
be the first such fund in Armenia and is supposed to boost economy
development and increase the quality of Armenian goods exported to
other countries.
He said a range of tax privileges will be foreseen for those
businessmen who will agree to fund these new ideas. Hovsepian said
the fund will be established before September.