International Conference on Venture Capital Launches in Yerevan
18.10.2008,
00:49
The Entrepreneurship in Science and Technologies international conference on venture capital started in Yerevan.
YEREVAN, October 17. /ARKA/. The Entrepreneurship in Science and Technologies international conference on venture capital started in Yerevan.
At the opening ceremony today Director of the Enterprise Incubator Foundation (EIF) Bagrat Yengibaryan stated the conference is aimed at introducing science intensive projects on cooperation between science and private sector to investors and interested parties.
“This will give us an opportunity to attract investments as well as to establish long-term cooperation and develop business-projects with various investors,” said Yengibaryan.
A presentation and a sum up of a grant program promoting the private sector-science cooperation will take place as a part of the conference and the authors of the three best research projects will be awarded $10,000 each.
Zhenya Azizyan, Head of IT Development department, RA Ministry of Economy, noted the conference is in harmony with the Government’s programs, strategies and IT development conceptions.
“Development of projects and commercialization of their results will let us develop scientific thought, as well as entrepreneurial abilities, which is a priority component that attracts venture capital and is gradually becoming a reality for Armenia,” said Azizyan.
She expressed a hope that in the near future a use will be found for the conference results not only in Armenia but in the USA and other countries as well.
The applications for the competition are mainly in the fields of IT, some engineering solutions and projects in biotechnologies and energy.
The RA Government plans to attract some $700mln of venture capital for the IT sector in ten years.
The organizers of the conference are EIF, the U.S. Civil Research Development Fund (CRDF) and the RA Ministry of Economy under the Science and Technology Entrepreneurship Program (STEP).
U.S. and European investors participate in the conference. --0--
At the opening ceremony today Director of the Enterprise Incubator Foundation (EIF) Bagrat Yengibaryan stated the conference is aimed at introducing science intensive projects on cooperation between science and private sector to investors and interested parties.
“This will give us an opportunity to attract investments as well as to establish long-term cooperation and develop business-projects with various investors,” said Yengibaryan.
A presentation and a sum up of a grant program promoting the private sector-science cooperation will take place as a part of the conference and the authors of the three best research projects will be awarded $10,000 each.
Zhenya Azizyan, Head of IT Development department, RA Ministry of Economy, noted the conference is in harmony with the Government’s programs, strategies and IT development conceptions.
“Development of projects and commercialization of their results will let us develop scientific thought, as well as entrepreneurial abilities, which is a priority component that attracts venture capital and is gradually becoming a reality for Armenia,” said Azizyan.
She expressed a hope that in the near future a use will be found for the conference results not only in Armenia but in the USA and other countries as well.
The applications for the competition are mainly in the fields of IT, some engineering solutions and projects in biotechnologies and energy.
The RA Government plans to attract some $700mln of venture capital for the IT sector in ten years.
The organizers of the conference are EIF, the U.S. Civil Research Development Fund (CRDF) and the RA Ministry of Economy under the Science and Technology Entrepreneurship Program (STEP).
U.S. and European investors participate in the conference. --0--
