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  • Science Intensive Economy And Innovative Technologies Promising Area

    SCIENCE INTENSIVE ECONOMY AND INNOVATIVE TECHNOLOGIES PROMISING AREAS IN ARMENIA

    /ARKA/
    December 1, 2009
    YEREVAN

    YEREVAN, December 1. /ARKA/. The science intensive economy and
    innovative technologies are promising areas in Armenia, Vache
    Kirakosyan, chief of Armenian economy ministry's information
    technologies division, said Monday at Novosti International Press
    Center.

    He said the government attaches importance to the venture conferences
    in Armenia.

    "These venture conferences create certain environment for development
    of a new culture at companies and lay groundwork for introduction of
    new technologies and innovations."

    The ministry welcomes all the companies taking part in the
    conferences and is happy about the growing number of participants,
    ideas and solutions in engineering, biotechnologies and pharmaceutics,
    Kirakosyan said.

    The third venture conference will be held in Yerevan on December 2
    as part of STEP science and business technologies program.

    Fourteen investment programs worked out on the grants intended
    for supporting development of business-science cooperation will be
    presented at the conference.

    Of them, five best programs will be selected to receive $15,000 each
    in grants.

    This is the third conference the ministry holds jointly with Enterprise
    Incubator Foundation and the U.S. Civilian Research and Development
    Foundation (CRDF).

    Four of CIS member countries - Armenia, Georgia, Moldova and Ukraine -
    are included in the CRDF project.

    Under this project, three programs were funded in Armenia.

    Each of these programs cost $5,000.

    In 2008, four companies were announced winners, and each of them
    received $7,500.

    It was decided in 2009 to enlarge the number of winners to five and
    the sum of the prize to $15,000 for each winner.
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