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Only 1/3 Companies Survive In IT, Says Vardanian

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  • Only 1/3 Companies Survive In IT, Says Vardanian

    ONLY 1/3 COMPANIES SURVIVE IN IT, SAYS VARDANIAN

    Aysor
    Sept 8 2010
    Armenia

    Despite the fact that in 2009 the spheres of information and
    telecommunications showed a 17% growth, however, due to challenges,
    this growth isn't enough, said Executive Director of the Union of
    Information Technologies Enterprises Karen Vardanian at the press
    conference Wednesday.

    He said that in line with the concept of the IT sphere, adopted by
    Armenia's government in 2008, some 1,000 technology companies are
    to operate in the country by 2018. Given the risks and the fact that
    only 1/3 or 1/5 of companies survive, it is necessary to create 3,000
    companies, according to Vardanian.

    "Some 30 companies are being established in Armenia without any
    interference, including government's interference that is 10 times
    less than we were planning. This is a serious challenge which makes
    start up process of creation of a special infrastructure for new
    companies," he said.

    Vardanian told that in certain times Singapore faced the similar
    problem when young specialists preferred to work at multinational
    corporations instead of making business.

    "This was 90/10 ratio; however, after efforts it changed and became
    40 against 60; and now 60 are seeking for own company. I hope that
    we will move towards this direction," said Vardanian.




    From: A. Papazian
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