Venture fund to sponsor 2010's innovational projects to be formed in Armenia

September 28, 2009 - 19:13 AMT
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.
 Top stories
By 2023, Armenia will reduce number of state universities to eightBy 2023, Armenia will reduce number of state universities to eight
The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said.
Temporary registrations of Russians quadruple in ArmeniaTemporary registrations of Russians quadruple in Armenia
From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said.
Karabakh raises injury toll to 19 after Azerbaijani drone attackKarabakh raises injury toll to 19 after Azerbaijani drone attack
The situation on the contact line between Karabakh and Azerbaijan was relatively stable overnight, the Defense Army says.
Defense Minister travels to Syunik amid army casualtiesDefense Minister travels to Syunik amid army casualties
Defense Minister Suren Papikyan has visited the southern Armenian province of Syunik, the Defense Ministry reported on March 18.
Partner news
 Articles
The growing trend of human microchipping

Means of control or convenience?

 Most popular in the section
Armenia's planned Academic City discussed with architectures
Pope Francis reflects on Saint Gregory of Narek's prayers
Four infrastructure development projects completed in Koghb
Flyone Armenia launches direct Yerevan-Tehran flights
Home
All news
Overview: Society
Archive for September 28, 2009
Other news in this section
  Related sections
Economy
 Latest news
Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.
Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.
Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.
Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.
---