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Gyumri Technopark To Be Launched by Late 2008

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  • Gyumri Technopark To Be Launched by Late 2008

    GYUMRI TECHNOPARK TO BE LAUNCHED BY LATE 2008

    YEREVAN, MARCH 29, NOYAN TAPAN. It is envisaged that development of the
    Gyumri technopark's project will be completed and its implementation
    will begin by late 2008, the RA minister of trade and economic
    development Nerses Yeritsian stated, adding that the technopark will be
    specialized in IT, tourism and fashion sectors.

    According to the minister, the vision of creation of Gyumri technopark
    should be described promptly based on the results of his March 28 visit
    to Gyumri, which will facilitate cooperation of the RA ministry of
    trade and economic development, which coordinates this work, and the
    other sides interested in the technopark's creation.

    In his words, one purpose of establishing Gyumri technopark is to link
    the university system to business so local higher educational
    institutions also have to participate in the creation of the
    technopark. The minister said that there are enterprises in the city of
    Gyumri which are prepared to take part in the technopark's program
    (also by allocating their areas), such as Gyumri branch of the Armenian
    Center of Scientific Information, the Gyumri IT Center. The latter,
    according to N. Yeritsian, is already a business incubator by its
    nature. It has a successful history of work, which shows that its
    experience may be used by Gyumri technopark.

    Representatives of leading companies of IT industry (Microsoft,
    Synopsys, National Instruments), as well as tourism and fashion sectors
    have been involved in foundation of the technopark. Some international
    structures (the World Bank, the USAID, the European Bank for
    Reconstruction and Development) have agreed to participate in the work
    on creation of Gyumri technopark.

    N. Yeritsian said that in 3-5 years after its being launched, the
    technopark may be able to assist with creation of over 100 small and
    medium enterprises. There is a goal to turn one or two of them into big
    enterprises to enter international market within this period. The
    minister expressed an opinion that Gyumri may become a business center,
    taking into account its cheap labor and infrastructures (as compared
    with Yerevan), development of the capacities of Gyumri airport and the
    business skill of local residents.

    The minister announced that the state is ready to provide small grants
    to Gyumri technopark's researchers for the development and
    implementation of ideas, as well as to set up an advisory structure
    with the aim of "transforimg these ideas into business", which in its
    turn will help find financing sources for the technopark's enterprises
    and attract capital of the Diaspora. It is envisaged to allocate 80 mln
    drams (about 260 thousand USD) from the state budget for Gymri
    technopark-related work.

    N. Yeritsian said that the experience of implementing the Gyumri
    technopark program will be used for developing a larger technopark
    project near Yerevan.
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