TUMO announces $50M campaign to cover entire ArmeniaSeptember 18, 2021 - 13:35 AMT PanARMENIAN.Net - Marking TUMO's 10 year anniversary and the inauguration of the new TUMO Gyumri building, the TUMO Center for Creative Technologies on Saturday, September 18 announced a five year, $50 million initiative to make its leading edge educational program available to all teenagers throughout Armenia and Artsakh (Nagorno-Karabakh). With 110 satellite facilities called TUMO Boxes connected to 16 fully equipped TUMO Hubs in regional centers, the program will serve 80 thousand students and reach all young Armenians even in the most remote villages. A $10 million seed fund donated by the Yemenidjian family will launch and support hubs in Vanadzor, Kapan and Koghb, along with TUMO Boxes that feed into these and three existing hubs. To raise the remaining $40 million, TUMO is kicking off an international fundraising campaign. The Armenian General Benevolent Union and Elie & Elzbieta Akilian have each pledged to match up to $10 million of funds raised in the first 2 years of the campaign. With $10 million in seed funding, a $20 million fundraising goal, and an additional $20 million in matching contributions, the deployment initiative is already underway. The announcement was made during the anniversary celebration of the official opening of the new TUMO center in Gyumri in the presence of government representatives, partners and friends. TUMO founders Sam and Sylva Simonian joined via live video and gave opening remarks. Also attending were Armen Yemenidjian, representing the Yemenidjian family, Vasken Yacoubian and Vera Setrakian on behalf of AGBU, Elie Akilian, on behalf of Elie & Elzbieta Akilian, via video feed, and TUMO CEO Marie Lou Papazian. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |