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  • Rise of Armenia hi-tech industry

    CIOL, India
    Sept 7 2008



    Rise of Armenia hi-tech industry


    ArmTech Congress '08: International Armenian interests converge on
    developing knowledge-based economy


    Sunday, September 07, 2008

    YEREVAN, REPUBLIC OF ARMENIA & MOUNTAIN VIEW, USA: The Armenian
    Technology Congress announced that the annual high tech industry
    conference, ArmTech Congress '08, will be conducted on October 4-5 in
    Yerevan.

    It will be under the auspices of the Prime Minister of the Republic of
    Armenia (RA), Tigran Sargsyan, and supported by the RA Ministry of
    Economy, leading high tech industry companies, academia and
    international organizations. The conference will highlight the rise of
    Armenia's strategic high tech industry while promoting international
    business linkages and investments for further growth.

    The Government of the Republic of Armenia (RA) stressed the importance
    of the ArmTech Congress. According to Nerses Yeritsyan, the RA
    Minister of Economy: "The ArmTech Congress serves as a means to
    provide the platform to discuss, plan and execute policies and actions
    to keep Armenia on the current path of excellent achievement,
    increasing its global recognition as one of the fastest growing high
    tech destinations in the world. Moreover the Government of the RA
    considers the ArmTech Congress an unprecedented opportunity to obtain
    business and professional information, and make key connections
    spanning the global high tech industry. Directly involved will also be
    government representatives from Armenia and the U.S., major players in
    the financial and services sectors and leading academics."

    "ArmTech is envisaged as a recurring annual global high tech industry
    conference, alternating between Silicon Valley and Armenia. Its
    historical and successful debut in 2007 in Silicon Valley, California
    established a challenging benchmark for subsequent years," said Tony
    Moroyan, the founder and co-chair of ArmTech Congress. "We are very
    happy that the Armenian Government has adopted ArmTech Congress as its
    Global High Tech Industry Conference by holding the second ArmTech
    Congress in Yerevan in 2008."

    The continuing growth of the technology sector in Armenia, together
    with the expansion of the global Armenian technology community, has
    created a need for a professional forum to improve communications and
    cooperation among Armenian high-tech professionals and executives. The
    ArmTech Congress is the response to this need. ArmTech delivers an
    ideal mix of international business insights, advanced technology
    content, and networking channels to leverage opportunities for
    professionals and enterprises in the community. With its wide range of
    technology and business sessions, ArmTech Congress offers the
    opportunity to share information, identify new business opportunities,
    make new contacts, and create valuable extended professional
    networks. The program of ArmTech Congress '08 has been designed to
    directly address these objectives.

    ArmTech Congress '08 will be attended by high tech industry successful
    leaders from the USA, Russia and Europe. Armenia will be represented
    by government officials, international organizations and
    representatives from academia, as well as experienced professionals
    from leading Armenian high tech companies.

    Rich Goldman, vice president of Corporate Marketing & Strategic Market
    Development at Synopsys, and CEO of Synopsys Armenia, said: "Armenia
    holds great potential, but we continue to be impacted by major and
    unnecessary challenges that greatly reduce the attractiveness of
    Armenia for Foreign Direct Investment. A progressive, forward thinking
    government can go a long way toward making Armenia an investment
    destination. ArmTech Congress offers a venue for a gathering of
    business, government and academic thought leaders to openly discuss
    the issues and challenges, and agree to actions that will strengthen
    Armenia's business and IT environment, making Armenia truly
    competitive in the IT sphere."

    "Challenges exist in all three areas; government, academia, and
    business, and we must work together to resolve them and develop ideas
    that will lead to the accelerated economic development of
    Armenia. ArmTech gives us this opportunity," he added.

    ©CIOL Bureau

    http://www.ciol.com/Semicon/EDA/News-Reports/Ris e-of-Armenia-hi-tech-industry/7908110004/0/
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