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Armenian representation opened in Silicon Valley

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  • Armenian representation opened in Silicon Valley

    Armenian representation opened in Silicon Valley

    12:35, 12 December, 2012

    YEREVAN, DECEMBER 12, ARMENPRESS. The Governmental delegation headed
    by Prime Minister of the Republic of Armenia Tigran Sargsyan attended
    the official ceremony of opening of the Armenian Representative Office
    of information and high technologies in the Plug and Play
    Technological Center in Silicon Valley.

    The Department of Information and Public Relations of the Government
    of the Republic of Armenia informed "Armenpress" that the opening
    ceremony was followed by the singing of the memorandum regarding the
    creation of the first Armenian venture foundation. The venture
    foundation will serve as a unique opportunity for the new IT
    organizations to provide the availability of financial investments.

    After the Head of the Government answered the questions of the
    reporters and touched upon a number of issues regarding "ArmTech
    2012", the Armenian representation in Silicon Valley and future
    expectations. Prime Minister of the Republic of Armenia Tigran
    Sargsyan stated: "All previous meetings seem to be a preparation for
    the fifth "ArmTech". Today we managed to refer to all those serious
    achievements of Armenia in IT sphere. Here we have recorded four
    significant measures, which will have positive result."

    Among other things Tigran Sargsyan emphasized the importance of
    cooperation between the government and private sector and creation of
    a venture foundation on 50-50 basis, which will also support the
    development of IT sphere in Armenia.

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