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18 Companies With 600 Emloyees Operate At Viasphere Technopark

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  • 18 Companies With 600 Emloyees Operate At Viasphere Technopark

    18 COMPANIES WITH 600 EMLOYEES OPERATE AT VIASPHERE TECHNOPARK

    Noyan Tapan
    Aug 16 2006

    YEREVAN, AUGUST 16, NOYAN TAPAN. 18 high technology companies with
    their total staff to exceed 600 in the autumn of 2006 are currently
    operating at Viasphere Technopark (Yerevan). The technopark's director
    general Aram Vardanian told NT correspondent about it. According
    to him, these companies are engaged in creation of chip designs and
    design tools, development of laser technologies and high-frequency
    machinery. They also develop energy saving technologies, in particular
    technologies allowing to generate electricity by using alternative
    energy, particularly solar energy. The companies are operating not
    only with Armenian and American but also with Canadian, French,
    Austrian and Russian investments. In A. Vardanian's words, thanks to
    accumulation of sufficient intellectual potential at the technopark,
    an irreversible process of self-development and generation of new
    ideas started there. He expressed a hope that these tendencies will
    become even more pronounced at the third stage of the techopark's
    development, which will last two or three years and during which it
    is enviasged to increase the number of employees to a thousand, and
    the number of companies - to over a hundred. The director general
    said that 4 companies to "have grown up" at Viasphere Technopark
    are now functioning on their own, outside the technopark. There have
    also been 2-3 precedents when a company was sold by its founders. As
    regards efficiency of the technopark's companies, it is close to
    efficiency of US companies engaged in the same sectors and equals the
    index of annual production worth 100 thousand USD per an employee. At
    the same time, in the US comapnies, the pay for the same amount of
    work is 15 times as much as in Armenian ones. It is worth mentioning
    that Viasphere Technopark was established 5 years ago on the basis of
    "Transistor" Scientific and Production Enterprise's Yerevan Research
    Center by Aram Vardanian, the enterprise's former director general,
    Viasphere Technopark's current director general, and Tony Moroyan,
    a famous businessman in Silicon Valley (US).
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