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Gyumri Technology Center To Open In September

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  • Gyumri Technology Center To Open In September

    GYUMRI TECHNOLOGY CENTER TO OPEN IN SEPTEMBER

    YEREVAN, July 18. / ARKA /. The Technology Center in Gyumri, Armenia's
    second largest city in northwestern region of Shirak, will officially
    open in September, Bagrat Yengibaryan, head of Enterprise Incubator
    Foundation (EIF), said in an interview with ARKA.

    He said the center already houses several well-known companies,
    particularly, Rostelecom, D-Link, E-works, Digital Pomegranate, Time
    Production, SkyLine and Gyumri Information Technology Center (GITC).

    He said the Gyumri Center will conduct a grant competition for start-up
    companies, which may be provided with as much as $50 thousand.

    The Gyumri Technology Center was created jointly by the government
    of Armenia, Enterprise Incubator Fund and the World Bank.

    On January 9 the Armenian government passed a decision to award the
    Enterprise Incubator Fund the right to manage a government assistance
    plan designed for Gyumri Technology Center. Once the center is formally
    registered the Enterprises Incubator Fund will get also free of charge
    its property for 20 years.

    The technology center will shelter enterprises dealing with high and
    information technologies, tourism, jewelry, modeling and art. It
    is supposed to operate as an incubator of small and medium-sized
    businesses engaged in hi-end technologies to boost the country's
    export potential.

    The construction began in 2012 April. Overall, some $13 million will
    be spent on construction of two buildings -$4.5 million was released
    by the government and $8.5 million by D-Link International as part
    of its plan to establish a research and testing center in Gyumri. -0-

    - See more at:
    http://telecom.arka.am/en/news/telecom/gyumri_technology_center_to_open_in_september/#sthash.xECAJrc5.dpuf


    From: Baghdasarian
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