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Government Approves The 2009 Program Of State Support To Gyumri Tech

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  • Government Approves The 2009 Program Of State Support To Gyumri Tech

    GOVERNMENT APPROVES THE 2009 PROGRAM OF STATE SUPPORT TO GYUMRI TECHNO PARK

    Noyan Tapan
    Apr 14, 2009

    Yerevan, April 14, Noyan Tapan. The Government of Armenia approved
    the 2009 Program of state support to the work of Gyumry Techno Park on
    April 9 sitting. As the minister of economy Nerses Eritsian mentioned,
    this year 80 million AMD are envisaged from the state budget for the
    operation of Techno Park.

    According to the minister, the implementation of the program will
    deepen the confidence of either the government or private investors. In
    the fringes of the program, it is projected to create a management
    team to work both with with the Government and investors, told
    Eritsian. Reminding, that in 2008 two laboratories were established
    at Gyumri's Branch of the State Engineering University of Armenia,
    he informed about another seeral learning and research laboratories
    to be created at Techno Park.

    A number of activities are related to research and development projects
    and possibly be supported through grants from public and private
    sectors. In 2008 three similar projects were financed, told N.Eritsian.

    The program intends to establish a foundation, which will enable to
    realize new ideas and business projects, told the minister. Through
    the foundation students will receive financial aid to continue their
    education or internship in other countries. This will be implemented
    jointly with some European or US university.

    As he mentioned, banks of South Asia, as well as other private
    investors became interested in Gyumri Techno Park.

    As the prime minister Tigran Sargsian mentioned, closer cooperation
    with private investors is required within a period of program
    implementation.

    "Our goal is to have investments as much as possible, including from
    private sector".

    From: Emil Lazarian | Ararat NewsPress
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