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Back to Armenia for Silicon-Armenia...

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#1 man



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Posted 15 July 2013 - 06:13 PM

Armenia is hard at work establishing itself as a country with a strong technical talent to invest in. The Soviet Union left a university environment strong in maths and engineering, talent that is scare in today's economy. Synopsys, Microsoft and VMW are already in the country, and others like Disney and IBM are opening offices or offshore locations. Though these larger companies have subsidiaries in Armenia, the Diaspora is coming back to open offshore development centers to service companies in US, Europe and even India, a known leader in offshore development. At the same time, Armenia is also growing as a place where repatriates from Diaspora as well as the locals are capitalizing on the existing starup industry in the country. Investors from Silicon Valley, Europe and other places are pouring money into the ideas of young entrepreneurs to make a global impact on the world economy.

Opportunity is abundant in Armenia, and it is the reason many Armenians who have left the Motherland for other ventures are moving back to the country, along with next generation Armenians from the diaspora. Armenian citizens who left to go other places are returning home to work on their own ideas. Armen Kchachikyan, 24, launched a startup while studying for his masters degree in information technology at Hong kong University.
From the article "Silicon Armenia" by Joanna Buickians in Yerevan magazine May/June 2013

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