Armenian startup ecosystem offers big opportunities: SmartGateVCOctober 16, 2017 - 14:34 AMT PanARMENIAN.Net - Armenia is a rising star of tech entrepreneurship targeting to be one of the top among next generation technology hubs, SmartGateVC is a Silicon Valley venture capital fund focusing Armenian startups in Artificial Intelligence (AI), Security, Internet of Things (IoT), Blockchain, said in a recent article. According to SmartGateVC, Armenian tech is an opportunity to invest in a promising startup: it has a great team with reliable track record and a clear focus on succeeding globally. "The Cold War left a heritage of leadership in chips design, defense electronics and nuclear energy. Modern educational programs launching in top universities, presence of multinational companies, and inspiring developments in setting up cutting edge research in fields of AI, quantum computing and other gives rise to a competitive talent pool," the article says. "Armenia has retained a huge potential for technology development since 1950s, and is regarded as a hub for software development, industrial computing, electronics, and production of semiconductors." Some key pillars differentiate Armenia on the international arena for technological development,SmartGateVC says. The country boasts a unique education. Robotics labs are established in 15% of schools, and by 2020 all schools are expected to be equipped with such labs. Educational centers for software development and entrepreneurship skills initiated by IBM and Microsoft are hugely successful. Microsoft Innovation Center Armenia is selected as one of the top 3 out of 140 countries. Founder Institute's Yerevan chapter is in the process of launching. Chess is taught in Armenian schools from the 4th grade - Armenia ranks #3 for Chess grandmasters per capita. The annual growth in tech has been 20-25% since 2005. 2016 was marked by 38.5% growth in tech sector, the article says.Engineering offices of Synopsys, National Instruments, Oracle, VMWare, Cisco, Mentor Graphics, Teamviewer, D-Link, and others are contributing to the development of highly tech intensive products. Armenian engineers are highly technical and compete on quality. The general focus within the engineering community is on software, data, machine learning and hardware. The global diaspora network aids and reinforces the talent in Armenia by providing mentorship and access to international opportunities and connections. Technical and business culture are the pillars of the nation’s strengths: engineering has become the most in-demand major. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |