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Public Financing for Innovation and Infrastructure: EIF Case Study

Public Financing for Innovation and Infrastructure: EIF Case Study. Dr. Bagrat YENGIBARYAN Director EIF Kiev, April 2008. Enterprise Incubator Foundation. Non-profit business development and incubation agency

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Public Financing for Innovation and Infrastructure: EIF Case Study

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  1. Public Financing for Innovation and Infrastructure: EIF Case Study Dr. Bagrat YENGIBARYAN Director EIF Kiev, April 2008

  2. Enterprise Incubator Foundation • Non-profit business development and incubation agency • Established in 2002 by the Government of Armenia within the World Bank’s “Enterprise Incubator” Project to support the development of Armenia’s IT industry • Mission is to stimulate economic growth of Armenia by assisting the local IT enterprises in business and skills development areas and stimulating entrepreneurial activity and start-up formation in the country. Increase competitivnes of Armenian technology companies.

  3. Infrastructure for Innovation • This is an evolving concept that has reached different levels across the world, reflecting the different stages of development. Technological and other change is rapidly transforming the environment in which the Innovation is developed. We should promote it at the national level. To put the potential of knowledge and ICT at the service of development

  4. Main Directions • Business Development • Skill Development • Infrastructure Services

  5. Business Development • FDI-Export Promotion, Representative Offices • Start-up Formation and Venture Financing, STEP Project • Business and IT Project Management Consultancy • Country Promotion

  6. FDI-Export Promotion, Representative Offices • Alcatel, Microsoft, SUN Microsystems, NI, HP, GAID Youth ICT Centre, etc. • Representative Offices in Canada and Austria • Internships

  7. Start-up Formation and Venture Financing, STEP project • Creation of New Start-ups, Equity Investment (exp. Sourcio-web technologies, e-health; AIT Systems- Boarder Management, Airport Management) • Venture Fund in Partnership with Cafesjian Family Foundation (funding existing companies) • STEP Project in Partnership with CRDF (funding R&D teams)

  8. Business and IT Project Management Consultancy • Management Consulting:Accounting Legal, Software Process Improvement and CMMI, IT Mark • Certification • Seminars, Round Tables

  9. Country Promotion • Digitech Exhibition • IT in Everyday Business • VC Conference • IT Month • Contests • Surveys and Publications

  10. Skill Development • University Projects • Regional Projects (GITC) • Short Term Training Courses

  11. Infrastructure Services • Slavonic university, right wing • newly refurbished, fully network wired, PBX • internet via fiber optic and satellite • conference & meeting rooms with projection and videoconferencing equipment • cleaning, utilities, parking, security, cafeteria, 24/7 access • total 2,000 sq.m., 100% occupancy • Microsoft Innovation Centre, SUN Testing Development Lab, NI Regional R&D Lab, etc

  12. Key Results Achieved • Annual sector growth 20%, • Annual workforce growth 30% • 10% growth in start-ups creation • IT industry produces ~ 10% of Armenia’s exports and almost 2% of Armenia’s GDP • Productivity increase 7% • 70% of IT companies using EIF services • FDI attracted more then 10mln USD • First VC fund

  13. Road Ahead • Strategy on IT and Information Society 2008-2018 • Yerevan Techno park • Gumry Techno city • Regional Incubators • VC and Start up Fund • Computer and Internet Penetration up to 80 % • E-Governance, E-Health, E-Education • Modern ICT infrastructure • Productivity Increase-CMMI

  14. Thank You Enterprise Incubator Foundation 123 Hovsep Emin st. Phone: (374 10) 219797 Fax: (374 10) 219777 E-mail: info@eif.am www.eif-it.com

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