2. ▸ Established in 2002, within the framework of the World Bank’s
“Enterprise Incubator” project,
▸ Acting 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.
ENTERPRISE INCUBATOR FOUNDATION
3. 450 COMPANIES IN 2015
12% increase from 2014
>50 NEW COMPANIES REGISTERED IN 2015
$560mln TOTAL REVENUE IN SOFTWARE & INTERNET SERVICES
17.7% GROWTH FROM 2014
$48,000 PER 1 TECHNICAL EMPLOYEE LABOUR PRODUCTIVITY
IT INDUSTRY OVERVIEW
6. Universities with strong IT and High Tech Specialization
State Engineering University of Armenia
Yerevan State University
American University of Armenia
European Regional Academy
Russian-Armenian (Slavonic) University
Yerevan State University of Architecture and Construction
French Higher Institute of Engineering in Armenia
12%
IT/High tech
Others
Structure of students in Higher Education System, 2014-2015
60 Universities, out of which 15 have strong IT and High Tech Specialization
In academic year 2014-2015 a total of 9352 students were enrolled in departments related to
informational and high tech specializations, which constitutes 11.71% of total student population
Educational Infrastructure
7. ▸ 60 Universities, out of which 15 have strong IT and High Tech
Specialization
▸ In academic year 2014-2015 a total of 9352 students were enrolled
in departments related to informational and high tech
specializations, which constitutes 11.71% of total student
population.
▸ IT sector has about 15,000 employees and the highest salaries
EDUCATION & WORKFORCE
8. In order to sustain the growth based on the high quality labor force, Armenia
currently faces the issue of providing sufficient supply.
The number of graduates with IT specializations annually closely coincides with
the annual demand in the overall market, but only 45% of the graduates
consider or qualify to be employed in the sector, thus, creating a quantitative
imbalance of workforce (IT Skills assessment report, 2014).
~900
graduates being
employed
~2000 new
specialists demanded
SKILL DEMAND & GAP IN IT
9. AITC provides a specialized infrastructure and high-performance facility for the
delivery of IT-related trainings and R&D programs that create new opportunities for
the development of IT workforce skills in Armenia
ANEL is a center of excellence that hosts 30 state-of-the-art education and research
laboratories. Lab aims to strengthen the educational capabilities and enhance the
research potential of the Armenian engineering sector by upgrading and expanding
the NPUA educational and research facilities to the world standard.
Synopsys is heavily investing in microelectronics education and is engaged in many
successful cooperation programs with major universities of Armenia such as National
Polytechnic University of Armenia (NPUA), Yerevan State University (YSU), Russian-
Armenian (Slavonic) University (RAU), etc.
TUMO is a digital media learning center. Since its opening in 2011, the center has
provided thousands of students aged 12–18 an open environment where they can use
the latest in digital tools, learn from media professionals, and explore the intersection
of technology and art.
With more than 100 engineering laboratories/ clubs established in the schools, the
project aims to promote technological education in all schools of the Armenian
communities, to assist pupils in their early interest emergence in modern high
technology, to promote the development of engineering mindset from early ages, and
to prepare competent students.
UEICT supports implementation of Basics of Telecommunication subject at high
schools. Particularly, introduction of professional subjects such as “Microelectronics”,
“Basics of Telecommunication” and “Information Technologies” is done.
SUCCESSFUL EDUCATIONAL INITIATIVES
Worldwide University program
16. WiFi free internet access devices
installed in 344 rural areas with up
to 1,000 residents
- UCOM continues the started
program
Computer for All mechanism is still
operating through the revolving
fund.
- Model replicated by the many
Banks.
GYUMRI TECHNOLOGY CENTER
100% occupancy rate with local and international
companies
>2000 people trained in GTC
>50 companies received business development
consultancy
Laboratories in filed of Engineering, CleanTech &
Multimedia
17. VANADZOR TECHNOLOGY
CENTER
>40 companies received business development
consultancy
>25 teams received Assistance in Establishment
of startup technological teams
> 600 beneficiaries were involved in the training
programs conducted at VTC
18. MIC/ANEL/ARMINDIA/ISTC
>5000 training participants annually in the areas of
Programming, Engineering, Mobile,
Business/management
Centers continue to cooperate with private sector to
provide trainings based on the industry needs
First technology venture capital fund for Armenia
Prequalified and proprietary deal flow from Armenia and the world
Accelerating portfolio company growth through leveraging highly developed personal and professional networks of Granatus Ventures partners in:
Armenian Diaspora tech entrepreneurs and executives in US, Europe, Russia, Asia
World leading universities and research centres (Silicon Valley, Cambridge, Oxford, London, MIT, Singapore)
Entrepreneurial and technology ecosystems in US, Russia, UK, Singapore, SEA, India, China, Europe and North America