Innovation

Armenia to launch new $18,000,000 national venture capital fund

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Armenia to launch new $18,000,000 national venture capital fund

YEREVAN, JANUARY 18, ARMENPRESS. The launch of a new national venture capital fund will be announced soon, Minister of High-Tech Industry Robert Khachatryan told ARMENPRESS.

He said the size of the fund will be $18,000,000, of which $9,000,000 will be invested by the state.

Khachatryan added that they will focus on funding Armenian companies.

He added that they plan to increase the fund’s size soon.

Karine Terteryan

AREMNPRESS

Armenia, Yerevan, 0002, Martiros Saryan 22

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