Success Story

Developing Armenia’s High-Tech Industry Vision

Despite significant growth in Armenia’s high-tech industry in recent decades, the country still requires a unified national vision and coordinated approach to harness its full potential in this rapidly evolving sector. Establishing such a framework is essential for directing efforts toward sustainable growth and competitiveness in the global high-tech landscape.

In its dedication to boosting Armenia’s high-tech sector, the USAID Economic Foundations for a Resilient Armenia Activity facilitated an extensive public-private dialogue to shape the framework of Armenia’s National High-Tech Industry Strategy. The Innovate Armenia 2024 workshop facilitated constructive discussions between government officials, industry and academic leaders, and international organizations.

Collaborative session on the formation of the initial framework for Armenia’s National High-Tech Strategy, with participation of the Minister and Deputy Minister of High-Tech Industry, Deputy-Minister of Economy, and sector representatives.

Through a detailed examination of the current state, challenges, and opportunities within Armenia’s high-tech sector, a preliminary framework for the National High-Tech Industry Strategy was formulated, laying the foundation for a vision to guide the industry’s future growth and development. As a next step, with Economic Foundations’ support and engagement, the strategy development committee, formed by the Ministry of High-Tech Industry, will refine this blueprint into a comprehensive draft strategy. It will encompass realistic objectives and detailed action plans to propel the sector forward.

“Without this essential document, decisions made lack a fundamental basis and may consequently prove ineffective. Creating this document allows us to demonstrate our planned actions and provides a roadmap for our future endeavors. It ensures clarity on the sequence and order of our actions, guiding Armenia’s contribution on the global stage.”- Mkhitar Hayrapetyan, Minister of High-Tech Industry of the Republic of Armenia

Supporting the development of Armenia’s National High-Tech Strategy not only enhances the capacity of both government and industry partners but also reaffirms to investors Armenia’s position as a viable, emerging high-tech destination fostering innovation across the economy. By demonstrating a clear roadmap for growth and innovation, Armenia can attract increased investment and solidify its position as a leading player in the global high-tech arena.