Tender for construction of Vanadzor technology center will be announced in September

YEREVAN, July 18. / ARKA /. A tender for the construction of a technology center in Armenia’s third largest town of Vanadzor, the capital of northern province of Lori, will be announced in September, when the design company is expected to finalize the project, Bagrat Yengibaryan, head of Enterprise Incubator Foundation (EIF), said in an interview with ARKA.  

He said the construction is to be over in June 2016.  During the construction period the research laboratories of the technology center will be housed by the Vanadzor branch of the Engineering University of Armenia.

According to Yengibaryan, the Vanadzor technology park will focus on information technology, instrument engineering and mining industry chemistry. He said the technology center even before its premises are built will offer grants to start-up companies 

He said the technology center will seek to establish also close cooperation with Vanadzor-based large companies 

By a February 13 decision the Armenian government chose Enterprise Incubator Foundation as the main operator to implement the Vanadzor technology park project.  When the center is built it will be handed to EIF free for 20 years. 

The project is financed by government-attracted loans for boosting e-society. Some $3.8 million are to be invested in Vanadzor technology center. EIF will employ about 20 teams and companies that will create in turn 200 new jobs in the town.  -0-