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  • Armenia finding its place in global IT market

    Armenia finding its place in global IT market

    Yerkir/Arm
    24 June 05

    An Armenian IT representation office was created in Canada with the
    purpose to assist to the presentation of the Armenian IT sector to
    the international market and attract investments into the IT sector.
    The representation was launched in October 2004 as an initiative of
    Enterprise Incubator Foundation.

    First, the Canadian IT sector was explored, its position and
    significance in the global IT market was studied and the possibilities
    for integration of Armenian IT companies and products into the Canadian
    market were identified. At the second stage, a representation office
    of the Armenian IT sector was established in Canada with the purpose
    to increase awareness of the Armenian IT products and services in North
    America. "We are trying to establish business contacts between Armenian
    and Canadian IT companies and encourage and attract investments into
    the IT sector in Armenia," chief specialist of Enterprise Incubator
    Foundation, Canada Representation project coordinator Anna Piloyan
    says.

    Only one person, Grant Thomas, is currently representing the Armenian
    IT sector in Canada. However, it is envisaged to create an Armenian IT
    center where 3-4 Canadian specialists will work. The IT representative
    in Canada is currently receiving detailed information regarding private
    IT companies working in Armenia. Several companies have been selected
    by the Enterprise Incubator Foundation whose work will be presented
    to the Canadian IT companies with the assistance of Grant Thomas.

    The selected companies are NATK e-payment system, SystroTech Company
    specializing in modeling of resource management systems, Netman
    Company specializing in modeling of virtual offices, Bi-Line, Triada
    and M-Possible companies specializing in multimedia, CIT, ABM and
    Outsourcingarmenia.com companies. Currently, Grant Thomas is working
    with EIF to develop information packages to present these companies on
    the international market. "The information packages will include all
    necessary information to show that Armenian companies can cooperate
    with large international companies and be trustworthy partners,"
    Piloyan says.

    The Armenian Embassy in Canada has assisted greatly in implementation
    of the project. Two teleconferences have been organized by the Embassy
    which stirred the interest of Canadian IT companies. Representative
    of more than 45 IT companies from Canada and Armenia participated in
    the teleconference organized in the framework of ACITIP project.

    Research and Innovations Center in Ottawa with assisted the
    organization of the teleconferences. The Armenian IT representation
    office is located in this research center. Two more roundtable
    discussions will be organized in Montreal and Toronto. Grant Thomas
    is also supporting a project on exchange of experience whereby 5
    specialists and managers from Armenian IT companies will be given
    an opportunity to visit Canadian companies specializing in similar
    services.

    The anticipated duration of the project is one year with possibility
    of extension if positive results are achieved by the end of the year
    and if contracts are signed between the Armenian and Canadian IT
    companies. "We can assure that the project is very efficient and the
    Armenian companies will definitely sign contracts with their Canadian
    counterparts," Piloyan says.

    Similar representation offices will be established in USA and Europe
    with the purpose of presenting Armenia's IT potential and attracting
    investments into the Armenian IT sector. Currently, France and Germany
    are being considered as potential candidate countries for creating
    Armenian IT centers.

    "We are thinking about Germany because it has the largest IT market
    in Europe. And we are thinking about France since we have Diaspora
    there working with IT companies. In any case, the experience of work of
    the Armenian IT center in Canada will be very valuable for organizing
    the operation of the centers in USA and Europe," Piloyan concluded.

    Varduhi Zakarian
    PanARMENIAN Network
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