Microsoft promotes newly established IT companies in Armenia

PanARMENIAN.Net - BizSpark program elaborated by Microsoft to promote IT start-ups was presented at today's forum in Yerevan. According to Grigor Barseghyan director of Microsoft office in Armenia, BizSpark was designed to promote the newly established IT firms, since they often have problems.



According to him, any company, established within last three years and with turnover not exceeding $0.5 million, may take part in the program. Under this program, the start-up receives all the necessary software from Microsoft. Within 3 years no fees are charged from the start-up, but if the company decides to withdraw from the program within that time, it would pay $100. According to Barseghyan, that symbolic fee is designed to make participants more serious about the project.