President Sargsyan attends opening ceremony of Technology Center in Vanadzor

YEREVAN, OCTOBER 29, ARMENPRESS. President of Armenia Serzh Sargsyan on October 29 paid a working visit to Lori Province, press service of the Presidential administration told “Armenpress”.

The President attended the opening ceremony of the Technology Center of Vanadzor. The Armenian Government assisted in implementing the construction project of the Center together the Enterprise IncubatorFoundation.

The project aims establishing a center equipped with contemporary knowledge-based and innovative infrastructures, attracting foreign investors, training highly qualified technology specialists, as well as providing business support to start-up companies and independent entrepreneurs of Lori province.

Serzh Sargsyan toured the Center, got acquainted with the conditions, the opportunities, the ongoing projects and development prospects.

The representatives of the Center presented the President the educational laboratories of information technologies and engineering sectors already operating in the Center, the joint working area created for the start-up teams, the laboratory equipped with modern metallurgical equipment, which they said will enable to develop prototyping, testing and creating new products and finding solutions in the engineering sector which will boost the development of innovations in Armenia.

They also reported the President that business support and advisory services were provided to at least 150 teams, companies, inventors and individual entrepreneurs during the activity of the Center. It is planned to create at least 150 direct and 1000 indirect jobs with 300.000 AMD average monthly salary, at least 500 specialists will be prepared and trained annually, at least 50 teams and companies will receive assistance.

After ending the tour President Sargsyan planted a fir tree in the yard of the Center.

The President’s visit to Lori Province continues.