Strategic measures are needed to further scale up the venture capital space in Armenia. This needs a favorable ecosystem and infrastructure. Nune Zadoyan explains.
Three decades after the collapse of the Soviet Union, Armenia is working on regaining its former status as a tech hub. This involves fast growth, numerous changes and challenges to overcome.
Mechanisms and channels to communicate the importance of science and its benefits to society must be institutionalized to mitigate the effects of false or unsubstantiated information that has seeped into social media platforms.
The Gituzh initiative recently issued a statement expressing its disappointment in the Armenian Government’s inability to support the country’s scientific modernization and to implement plans around science and research and development investments.
For Chinar Movsisyan, founder and CEO of manot, a genuine love for math and science formed the basis for her academic pursuits, and the desire to apply theory in the real world pushed her pivot to business.
In order for tech to truly benefit Armenia, it needs to benefit all of Armenia. For this to become a reality, accessibility to education in the regions as well as the creation of more local job opportunities are essential.
What makes Armenia innovative? While there are many promising preconditions, innovation currently occurs in “pockets” in the country rather than at scale. An orientation toward more open collaboration is paramount.
Despite the critical challenges facing Armenia, achieving security and development, establishing strong state institutions, quality education and healthcare and a fair judicial system remain constant. Science, technology and innovation will be key to its realization, writes Ani Toroyan.
Despite leading the region in many progressive metrics, the past few years have reinforced how peace isn’t something Armenia can take for granted: it must cultivate optimal conditions for innovation because of external threats, and that will take conscious architecting.
BigStory VC, a founder-led venture capital fund, promises to be the first of its kind, as Armenia’s start-up ecosystem continues to grow and its members attain success.
EVN Report’s mission is to empower Armenia, inspire the diaspora and inform the world through sound, credible and fact-based reporting and commentary. Our goal is to increase public trust in the media. EVN Report is the media arm of EVN News Foundation registered in the Republic of Armenia in 2017.
