Enterprise Incubator Foundation (EIF) is one of the largest technology business incubators and IT/High-Tech development agencies in the region, operating in Armenia.
Name in original language
Enterprise Incubator Foundation
Initiative overview
Established in 2002 within the framework of the World Bank's Enterprise Incubator project, it is called to support the development of information and communication technology sector in Armenia through creating a productive environment for innovation, technological advancement and company growth.Objectives include the following:To develop effective information and communication technology infrastructure to enhance technological advance and transition to knowledge economy.To enhance nationwide access to computers and development of e-society.To promote Armenian enterprises and increasing their competitiveness in the global markets.To create new channels for attracting foreign direct investment to Armenia.To build linkages with business and research communities in key technology markets.To foster formation of start-ups and their further development; to develop managerial and professional workforce and foster productivity improvement in Armenian companies; and to improve access of local firms to best international practices and experience.Its activities cover every aspect of sector development: ICT-related legal, business and educational reforms, investment channeling and creation of funding schemes for startups, individualized services and consulting for IT and Engineering companies, talent identification and workforce development. It acts as a cross-point for all entities in the sector - public and private institutions, international organizations and government agencies, major multinationals and small startups and bring them together to act jointly towards the ultimate goal of ICT/High-Tech excellence.
Name of responsible organisation (in English)
Ministry of Economy of the Republic of Armenia |Central Bank of the Republic of Armenia
