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EIF Director: A Total Of $10mln Needed For Multilateral Investment P

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  • EIF Director: A Total Of $10mln Needed For Multilateral Investment P

    EIF DIRECTOR: A TOTAL OF $10MLN NEEDED FOR MULTILATERAL INVESTMENT PROGRAM TO CREATE A NATIONAL SOFTWARE LABORATORY IN ARMENIA

    ARMINFO
    Friday, May 31, 18:10

    A total of $10mln is needed for the multilateral investment program
    to create a national software laboratory in Armenia, Director of the
    Enterprises Incubator Foundation (EIF) Bagrat Yengibaryan said in an
    interview to ArmInfo.

    "Some software companies have already agreed to provide funds for the
    program. Now we are planning to negotiate with international donors,"
    Yengibaryan said.

    He said that the laboratory will train as many as 2,000 specialists
    a year.

    Yengibaryan said that an Armenian National Engineering Laboratory will
    be opened on the basis of the State Engineering University of Armenia
    in the next few weeks to train an average of 1,500 specialists a year.

    He said that this project was financed by National Instruments from
    the United States ($1.5mln), the Armenian Government ($350,000),
    the State Engineering University of Armenia ($650,000) and USAID.

    Yengibaryan believes that the laboratory program should be sponsored
    by several companies as software programming has lots of fields and
    no company - big as it may be - can cover all of them.

    He said that the laboratory will help to solve of the key problems of
    Armenia's IT sector - lack of personnel. "As of today we have some
    9,300 specialists and about 370 companies, but the Government's IT
    development concept for 2008-2018 says that in 2018 we will have more
    than 18,000 specialists and as many as 1,000 companies. In 2012 our
    IT sector earned $250mln, in 2018 it is supposed to earn as much as
    $1bln," Yengibaryan said.

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