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The senior management of several educational, scientific and technological organizations signed a petition addressed to the Prime Minister of the Republic of Armenia and the President of the National Assembly soliciting support for multinational organizations that are implementing development programs and initiatives in Armenian educational and scientific sectors.



PhD Support Program


PhD students from universities and research institutes of the Republic of Armenia are invited to participate in the PhD Support Program implemented by Enterprise Incubator Foundation (EIF) with support of PMI Science.

UPDATE: E-Society and Innovation for Competitiveness Project


Partner(s) for Seed and Early Stage Venture Fund

The Republic of Armenia has received financing from the World Bank for the E-Society and Innovation for Competitiveness Project (the Project), and intends to apply part of the proceeds for the establishment of Seed and Early Stage Venture Fund (the Fund). 

This activity will pilot Seed and Early Stage Venture Fund that would comprise public contribution of up to 3 million USD financed under the Project, and up to one half of the total fund equity. 

This pilot Fund would provide a demonstration effect of commercial viability of early stage funds for technology and high-growth potential knowledge-based start-ups helping to attract venture capital funds. 

The Fund will be established as an independent legal entity with a purpose of making equity investments in early stage technology and knowledge-based companies, and would be privately managed according to the Armenian legislation. 

The Fund is expected to produce commercial returns in 8-10 years after creation, in line with international experience. The Project could provide an up to 50% contribution towards management fee of the Fund, while the exact management structure and incentive scheme is to be further defined in the Fund Operational Manual, which is to be developed jointly with the selected partner(s). 

The Republic of Armenia now invites investors to express their interest in partnering with the Government for the establishment of the Fund. Interested investors should provide information demonstrating relevant experience, as well as proposed Fund management structure and CVs of potential Fund managers. 

Further information can be obtained at the address below. 

Expressions of interest must be delivered in a written form to the address below by November 26, 2012. 

Mr. Edgar Avetyan

Executive Director

"Foreign Financing Projects Management Center"(FFPMC)

Ministry of Finance

Government House 1, Republic Square

Yerevan, Republic of Armenia

Telephone: (374-10) 595 344

Fax: (374-10) 545 708


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