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GIZ: Armenia has high innovative potential

14.03.2018, 16:17
Armenia’s innovative potential  is quite high, according to Eva Naeger, the head of the EU team and  Support to SME Development in Armenia (SMEDA) program, implemented by the German Society for International Cooperation (GIZ).

GIZ: Armenia has  high innovative potential
YEREVAN, March 14. /ARKA/. Armenia’s innovative potential  is quite high, according to Eva Naeger, the head of the EU team and  Support to SME Development in Armenia (SMEDA) program, implemented by the German Society for International Cooperation (GIZ).

"There are companies here with interesting innovative ideas, and I think that they have a high development potential ," Naeger said to a news conference.

According to her, various grant programs, which the German Society for International Cooperation (GIZ) implements jointly with various organizations is of great importance in the development of the ecosystem of start-ups.

"Not only provision of  grants, but also the common chain of assistance is important to us. We are guiding companies through mentoring so that they acquire the necessary business skills, become strong units in the economy of the country," added Naeger.

She recalled that GIZ had organized an event last year in Berlin to present to German and other international investors the potential of Armenian start-ups.

"As a result, these teams received rather positive feedback from international investors. They had interesting ideas and technology opportunities for their implementation. The weak points were also mentioned, in particular, shortage of business skills and marketing, which we tried to respond to immediately," added Naeger. -0—