Current News

Optym Armenia, EIF and ISTC organized Smarter Transportation Data Hackathon

17.04.2017

Optym Armenia, EIF and ISTC set up Smarter Transportation Data Hackathon which is an effective way to attract talents to unleash their creativity and collaboratively develop applications, visualizations, or information graphics within a very short time.  

Shirak airport to greet its visitors anew

30.03.2017

State Tourism Committee of Armenia and Enterprise Incubator Foundation signed a memorandum of cooperation which implies implementation of joint projects on issues related to the development of Gyumri. The 1st place changed as a result of cooperation in Gyumri is Shirak airport.

What is EIF

Enterprise Incubator Foundation (EIF) is one of the largest technology business incubators and consulting companies in the region, operating in Yerevan, Armenia. Established in 2002 within the framework of the World Bank’s “Enterprise Incubator” project, we are called to support the development of information and communication technology sector in Armenia through creating a productive environment for innovation, technological advancement and company growth.


Our activities cover every aspect of sector development –ICT-related legal, business and educational reforms, investment channeling and creation of funding schemes for startups, individualized services and consulting for IT companies, talent identification and workforce development. We act as a cross-point for all entities in the sector - public and private institutions, international organizations and government agencies, major multinationals and small startups - and bring them together to act jointly towards the ultimate goal of ICT excellence. 


Our objectives are:

  • Developing effective information and communication technology infrastructure to enhance technological advance and transition to knowledge economy.
  • Enhancing nationwide access to computers and development of e-society. 
  • Promoting Armenian enterprises and increasing their competitiveness in the global markets. 
  • Creating new channels for attracting foreign direct investment to Armenia. 
  • Building linkages with business and research communities in key technology markets.
  • Fostering formation of start-ups and their further development. 
  • Developing managerial and professional workforce and fostering productivity improvement in Armenian companies.
  • Improving access of local firms to best international practices and experience.

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