VENTURE FUND TO SPONSOR 2010’S INNOVATIONAL PROJECTS TO BE FORMED IN ARMENIA

/PanARMENIAN.Net/
28.09.2009 18:13 GMT+04:00

/PanARMENIAN.Net/ Venture fund to sponsor innovational projects will
be formed in Armenia in 2010, RA Economy Minister Nerses Yeritsyan
stated, summarizing results of Invention Competition, organized by
ARPA organization at RA Engineering University. In this context, he
added that in future, innovational projects’ authors will be able to
address commercial banks for project financing.

Invention Competition hosted 24 students, 14 applications were
filed. Cash awards, to the amount of $ 2000, 1000, 600 and 400 (1st to
4th places accordingly) were presented by RA Economy Minister Nerses
Yeritsyan and ARPA President Hakob Panosyan.

ARPA Institute (Analysis Research & Planning for Armenia) is a
non profit organization, promoting international cooperation and
understanding for RA through the provision of consulting analysis,
research and planning services in various fields. ARPA experts have
served as consultants to public organization and RA Government in
matters pertaining to education, economy, energy, transportation
system, industry and RA-Diaspora relations.