Tweet
PLUG AND PLAY TO OPEN ITS REPRESENTATION IN ARMENIA
ArmInfo
2010-05-04 10:43:00
ArmInfo. During a meeting today Prime Minister of Armenia Tigran
Sargsyan and Chief Operating Officer of Plug and Play Tech Center
Kayvan Baroumand pointed out the importance of the opening of Plug
and Play's representation in Armenia.
The press service of the Government of Armenia quotes them as saying
that the representation will help to enlarge the cooperation framework.
To remind, while participating in Armtech 2009 congress in Nov 2009
Sargsyan visited Plug and Play Tech Center.
During today's meeting Sargsyan and Baroumand discussed the prospects
for implementing joint IT and high-tech projects. They pointed
out the project to create an Armenian high-tech representation in
Silicon Valley. This project is aimed at stimulating the Armenian-US
IT cooperation and creating opportunities for attracting investments
and contracts and selling finished products.
Baroumand pointed out the need to deepen cooperation in the field of
training, particularly, to create a platform for the student exchange
project to be implemented in cooperation with Stanford University.
The Armenian representation in Silicon Valley will be financed
by private sources and the World Bank. The center will organize
presentations of the Armenian companies' opportunities, as well as
provide an opportunity to representatives of the Armenian companies to
spend up to a month to attract investors and look for partners. The
representation will be based on the model of similar representations
in Canada and Austria. The annual expenditures on maintenance of the
center will supposedly make up about 200 thsd USD.
The Plug and Play Tech Center located in the State of California has
been operating for around 30 years. It has contributed to creation
of about 50 successful venture projects. The Center provides
venture financing services, including communication with large
venture companies and private investors, as well as large developers
(Microsoft, Sun Microsystems, Symantec, etc.). At present there are
25 start-up companies in the Center. The Plug and Play Tech Center
cooperates with about 20 international organizations to develop
start-up projects.
ArmInfo
2010-05-04 10:43:00
ArmInfo. During a meeting today Prime Minister of Armenia Tigran
Sargsyan and Chief Operating Officer of Plug and Play Tech Center
Kayvan Baroumand pointed out the importance of the opening of Plug
and Play's representation in Armenia.
The press service of the Government of Armenia quotes them as saying
that the representation will help to enlarge the cooperation framework.
To remind, while participating in Armtech 2009 congress in Nov 2009
Sargsyan visited Plug and Play Tech Center.
During today's meeting Sargsyan and Baroumand discussed the prospects
for implementing joint IT and high-tech projects. They pointed
out the project to create an Armenian high-tech representation in
Silicon Valley. This project is aimed at stimulating the Armenian-US
IT cooperation and creating opportunities for attracting investments
and contracts and selling finished products.
Baroumand pointed out the need to deepen cooperation in the field of
training, particularly, to create a platform for the student exchange
project to be implemented in cooperation with Stanford University.
The Armenian representation in Silicon Valley will be financed
by private sources and the World Bank. The center will organize
presentations of the Armenian companies' opportunities, as well as
provide an opportunity to representatives of the Armenian companies to
spend up to a month to attract investors and look for partners. The
representation will be based on the model of similar representations
in Canada and Austria. The annual expenditures on maintenance of the
center will supposedly make up about 200 thsd USD.
The Plug and Play Tech Center located in the State of California has
been operating for around 30 years. It has contributed to creation
of about 50 successful venture projects. The Center provides
venture financing services, including communication with large
venture companies and private investors, as well as large developers
(Microsoft, Sun Microsystems, Symantec, etc.). At present there are
25 start-up companies in the Center. The Plug and Play Tech Center
cooperates with about 20 international organizations to develop
start-up projects.