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Venture Conference To Be Held in Yerevan in October

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  • Venture Conference To Be Held in Yerevan in October

    VENTURE CONFERENCE TO BE HELD IN YEREVAN IN OCTOBER


    YEREVAN, MAY 29, NOYAN TAPAN. The pairs "scientist - scientific
    development introducing company" to participate in the Science and
    Technologies Entreprenuership Program (STEP) of the US Civilian
    Research and Development Fund (CRDF) in Armenia will be chosen during
    a venture conference in Yerevan in October 2006. The program
    coordinator Andrew Chakhoyan stated this on May 26 when presenting the
    STEP participation terms to representatives of state governance
    bodies, private companies, business assistance and donor organizations
    in the spheres of science and education. A. Chakhoyan said that
    courses will be run for those representatives of the partner-pairs who
    have submitted a bid in the period of May 1-30. In his words, in
    considering the bids for participation in the STEP, the availability
    of a program to commercionalize a development of scientific
    application and local resources for implementation of such a program
    will be taken into account. Out of the bids to reach the final -
    venture conference discussion stage, 4-5 bids - the most substantiated
    and accessible ones will be financed. The cooperating company has to
    provide 10% of a 5,000-dollar grant from the CRDF to a scientist or
    scientific group for fulfilment of new development idea during
    implementation of each project. Director of the Enterprise Incubator
    Foundation (EIF) Bagrat Yengibarian stated previously that a
    50,000-dollar grant will be given to scientific groups in case of
    availability of a contract between an enterprise and a scientific
    group on implementation of a scientific development. It is envisaged
    that the grant component of the STEP program will be financed by
    various donor organizations operating in Armenia. According to
    A. Chakhoyan, the STEP program has been implemented for a year in
    Georgia, Moldova and Azerbaijan.
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