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The Future of Entrepreneurship in Armenia

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  • The Future of Entrepreneurship in Armenia

    The Future of Entrepreneurship in Armenia

    http://asbarez.com/107131/the-future-of-entrepreneurship-in-armenia/
    Thursday, December 13th, 2012



    The AUA panel at ArmTech 2012

    At ArmTech 2012, American University of Armenia Presents latest
    initiatives in education, technology, and entrepreneurship

    SAN JOSE, CA-The American University of Armenia (AUA) is cultivating
    Armenia's next generation of entrepreneurs, technology leaders, and
    world-class researchers, said AUA President Dr. Bruce Boghosian on
    Monday, December 10, while speaking at ArmTech Congress 2012 about the
    university's latest initiatives to foster the development of a
    knowledge-based economy in Armenia.

    This year's ArmTech conference, hosted by the Department of Civil and
    Environmental Engineering at Stanford University, brought together
    more than 120 technology executives, entrepreneurs, academic
    researchers, venture capitalists, and senior Armenian government
    officials to discuss and explore the development of Armenia's
    technology sector.

    Dr. Boghosian outlined AUA's current and new programs during a panel
    focused on the state and direction of research and development in
    universities, research institutes, and laboratories. Bringing the
    focus to higher education in Armenia, he introduced AUA's new Master
    of Science Degree in Economics and Bachelor of Science Degree in
    Computational Sciences, emphasizing the potential impact of these two
    programs on the development of business, technology, and
    entrepreneurship in Armenia.

    `With the bachelor's degree in computational sciences, we are
    leveraging Armenia's existing expertise in physics and mathematics,
    and combining it with software development to help Armenia produce
    scientific and engineering software for the world,' explained Dr.
    Boghosian. `Our master's degree in economics, meanwhile, will prepare
    business leaders and economic professionals to help guide sustainable
    economic growth in Armenia and strengthen its position in the global
    and regional economy.'

    Dr. Boghosian illustrated how these changes have already begun taking
    shape in the halls and classrooms of AUA, with students coming
    together to imagine and create new and innovative businesses.

    `We have had two business plan competitions in the last month,' he
    said. `Some of our students have gone further and actually started new
    high-tech companies. For example, the latest AUA student startup is
    called Verium, and it is working on cryptographic solutions to combat
    counterfeiting and identity theft.'

    AUA is the early stages of planning a cross-disciplinary
    entrepreneurship center to inspire and incubate new businesses such as
    these, explained Boghosian, adding that it is the university's
    intention to bring to Armenia the model of integrating education and
    entrepreneurship in universities.

    Among the many other successes stories highlighted by Dr. Boghosian
    during his presentation was AUA's Turpanjian Rural Development
    program, which has trained 600 people and helped developed 60 new
    rural businesses.

    Since opening its doors in 1991, AUA has graduated more than 2,000
    professionals, noted Dr. Boghosian, adding that the vast majority of
    those graduates have remained in Armenia to become valuable leaders of
    its society and economy.

    Today, the university is gearing up to launch an innovative, new
    undergraduate program for the fall of 2013, offering bachelor's
    degrees in business, English and communications, and computational
    sciences. These new programs will provide Armenian students access to
    a liberal arts education focused on building a foundation of general
    knowledge, specialization in skills and career preparation.

    `But to make all this work, we are constantly looking for funding
    opportunities, foreign research collaborations, and grant partners,'
    Boghosian said, urging members of the audience to join the
    University's mission. `Consider this an invitation to come join us in
    this effort. This university is worth your involvement and your
    investment.'

    ArmTech 2012 is organized through the joint efforts of the Government
    of Armenia, the USAID-funded Enterprise Development and Market
    Competitiveness (EDMC) Project, Enterprise Incubator Foundation (EIF),
    ViaSphere Technopark, Armenian Development Agency (ADA), Synopsys
    Armenia, the Armenian American Chamber of Commerce, and Groupement
    Interprofessionnel International Armenien (G2IA).



    From: Emil Lazarian | Ararat NewsPress
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