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International Conference On Venture Capital To Take Place In Yerevan

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  • International Conference On Venture Capital To Take Place In Yerevan

    INTERNATIONAL CONFERENCE ON VENTURE CAPITAL TO TAKE PLACE IN YEREVAN ON OCTOBER 17

    ARKA
    Oct 1, 2008

    YEREVAN, October 1. /ARKA/. An international conference on venture
    capital will take place in Yerevan on October 17, reported Bagrat
    Yengibaryan, director of the Enterprise Incubator Foundation (EIF).

    The workshop aims at introducing IT cooperation projects to overseas
    investors and interested parties.

    U.S. and European investors, as well as 13 local companies will
    participate in the conference. A small IT exhibition will be organized
    as part of the event.

    The participants to the meeting will sum up the results of a grant
    program promoting the private sector-science cooperation.

    "The authors of the three best research projects will be awarded
    $10,000 and future investors will have an opportunity to study these
    projects," Yengibaryan said.

    According to the EIF Director's estimates, some $10mln is necessary
    to boost Armenia's IT sector. He stressed the importance of attracting
    venture capital for local IT market.

    The RA Government plans to attract some $700mln for the IT sector in
    ten years.

    The organizers of the conference are EIF, the U.S. Civil Research
    Development Fund and the RA Ministry of Economy. The event is part
    of the Science and Technology Entrepreneurship Program.
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