Friday, November 11 2016 18:38
Naira Badalian

Innovative Solutions and Technologies Center opened in Yerevan

Innovative Solutions and Technologies Center opened in Yerevan

ArmInfo. The Innovative Solutions and Technologies Center (ISTC), which has been supporting the development of Armenia's IT sector since 2014, opened its new home on Thursday, November 10, welcoming its first guests to its new 1,000 square-meter state-of-the-art premises on the Yerevan State University Campus, the press-service of the US Embassy to Armenia informs.

The ISTC -- a joint project of the Government of Armenia, the Enterprise Incubator Foundation, IBM, USAID, and Yerevan State University -- helps meet the demand for quality specialists to work in Armenia's IT sector. ISTC will help develop and strengthen the education and research potential of Armenian universities in the areas of IT and hi-tech. The new facility, fully equipped with the latest IBM technology, will also offer a favorable and innovative environment for the development of sustainable businesses, providing the startups with space and infrastructure, technical and business consulting, and networking opportunities.

 "I am proud of the fact that this uniquely designed partnership promotes the education of one of Armenia's most valuable resources - its youth. The collaboration between the private sector and universities creates economic opportunities for younger generations of Armenia," said U.S. Ambassador to Armenia Richard Mills, Jr., who was joined at the opening of the new facility by Armenia's Minister of Transport, Communication and Information Technologies Vahan Martirosyan, and IBM University Relations Manager Sergey Belov. Attendees at the opening included high-level guests from the Government of Armenia, IBM, and the U.S. Embassy, as well as more than 100 Armenian tech and business representatives.

Supporting the development of Armenia's IT sector has long been a priority of the U.S., Ambassador Mills said. "USAID support to the IT sector began a decade ago. Since that time, USAID has played an important role in laying the foundation for a strong and vibrant IT sector in Armenia," he said during the opening. "We see the establishment of the Innovative Solutions and Technologies Center as a capstone achievement in our efforts to partner with you to develop and strengthen IT in Armenia." Ambassador Mills also emphasized the Center's important role of fostering cooperation between Armenian and U.S. institutions of higher education, noting that the ISTC has signed collaboration agreements with several U.S. universities, including for example Duke University, Fordham University, and Stanford University.

The ISTC serves students and university faculty, providing them with the latest hardware and software for training and research.  Since the project's launch, the ISTC has already assisted more than 100 professors from nine major Armenian universities to improve their training courses.  Thanks to these efforts, more than 1,500 students have already received training through 30 modernized curricula in the areas of artificial intelligence, business process management, cloud computing, and cyber security among others.  Several new Master-degree programs in cutting edge technological areas have also been designed with local universities and will be launched in the next academic year.

"The Enterprise Incubator Foundation consistently initiates and implements strategic projects targeted at IT development in the country, formation of innovative environment, and provision of quality training for personnel.  One of our most important achievements is the establishment of ISTC. Thanks to this initiative, international knowledge and financial resources will be accessible to Armenia.  IT specialists will be trained in line with market requirements.  And local companies with have the chance to engage in global networks," EIF Director Bagrat Yengibaryan said during the event.  IBM's Sergey Belov noted that ISTC is a best practice of education and research, which can serve as a basis for IBM to promote collaboration and development in the region. "The American University of Armenia and Yerevan State University will have new and fully personalized Academic Hubs, including software and educational materials for their students and professors," he said.

Several new ISTC initiatives were also announced during the opening event, including the launch of the Research Grant Program that will help develop the R&D capacity of Armenia's higher education institutions. The program will provide its beneficiaries with full access to the IBM cloud infrastructure as well as support them with funding and research commercialization. Another new initiative will facilitate exchange programs for Armenian researchers at IBM partner universities in the United States.

On the margins of its grand opening event, ISTC also launched the "Smarter Armenia Hackathon '16," a two-day contest for students, challenging them to create the best IT solutions in finance, healthcare, and the telecommunications industry. 

POST A COMMENT
Input digits     


News
Wizz Air starts operating Rome-Yerevan-Rome flightsWizz Air starts operating Rome-Yerevan-Rome flights
3rd session of Geographical Indications sub-committee under CEPA  between Armenia and EU took place3rd session of Geographical Indications sub-committee under CEPA  between Armenia and EU took place
Armenia`s GDP growth to be double-digit in 2022 - EconomistArmenia`s GDP growth to be double-digit in 2022 - Economist
 USD 25 million to support the private sector USD 25 million to support the private sector
Armenia`s economic activity increased by 13.9% in 8 months of 2022Armenia`s economic activity increased by 13.9% in 8 months of 2022
Armenia-Italy Textile Alliance Forum started in MilanArmenia-Italy Textile Alliance Forum started in Milan
Dmitry Volvach: Trading volumes of the ruble-dram currency pair  increased more than 1000-fold on the Moscow ExchangeDmitry Volvach: Trading volumes of the ruble-dram currency pair  increased more than 1000-fold on the Moscow Exchange
Armenia`s minister of economy hosts WB Country Manager for ArmeniaArmenia`s minister of economy hosts WB Country Manager for Armenia
EBRD launches climate governance platform for business leaders in  Ukraine, Georgia and ArmeniaEBRD launches climate governance platform for business leaders in  Ukraine, Georgia and Armenia
Another step in promoting the Armenian-Russian decentralized  cooperation: Pashinyan`s address to participants of Armenian-Russian Interregional Forum Another step in promoting the Armenian-Russian decentralized  cooperation: Pashinyan`s address to participants of Armenian-Russian Interregional Forum 
Iran Khodro Company starts supplying cars to ArmeniaIran Khodro Company starts supplying cars to Armenia
Armenia, China are considering  possibility of organizing direct  flights between  countriesArmenia, China are considering  possibility of organizing direct  flights between  countries
Expert: With the stabilization of the military-political situation,  the exchange rate in Armenia will also stabilizeExpert: With the stabilization of the military-political situation,  the exchange rate in Armenia will also stabilize
Gradual softening of the global inflationary environment will weaken  the inflationary impact from the external sector on the Armenian  economyGradual softening of the global inflationary environment will weaken  the inflationary impact from the external sector on the Armenian  economy
CBA significantly improves its forecast for GDP growth for 2022 to  12.9%, but expects inflation at 10.3%CBA significantly improves its forecast for GDP growth for 2022 to  12.9%, but expects inflation at 10.3%
Central Bank of Armenia raised refinancing rate from 9.5% to 10%Central Bank of Armenia raised refinancing rate from 9.5% to 10%
TOTAL opens training center in Etchmiadzin for training specialistsTOTAL opens training center in Etchmiadzin for training specialists
WB stands ready to continue to assist Armenian government in  implementation of priority programsWB stands ready to continue to assist Armenian government in  implementation of priority programs
Armenia`s producers to get 1% tax reduction for recalling spoiled  productsArmenia`s producers to get 1% tax reduction for recalling spoiled  products
FLY ONE Armenia transported over 200.000 passengers in its first year  in marketFLY ONE Armenia transported over 200.000 passengers in its first year  in market
Armenia`s minister of economy visits ski resort construction project  in Aragatsotn Armenia`s minister of economy visits ski resort construction project  in Aragatsotn 
Pashinyan instructs to find new investors for mines that are  currently not being developedPashinyan instructs to find new investors for mines that are  currently not being developed
AMD 4.676.836 to the “Rehabilitation City of Heroes” psychological center: the next beneficiary of “The Power of One Dram” is the 4090 FoundationAMD 4.676.836 to the “Rehabilitation City of Heroes” psychological center: the next beneficiary of “The Power of One Dram” is the 4090 Foundation
ACBA Bank fourth bank to join government-sponsored 10% cashback  programme for pensioners and reliefersACBA Bank fourth bank to join government-sponsored 10% cashback  programme for pensioners and reliefers
Presentation of Jobbit instrument held in Yerevan Presentation of Jobbit instrument held in Yerevan 
New power unit under construction at Kursk NPP could be serve as  standard for Armenia - ministerNew power unit under construction at Kursk NPP could be serve as  standard for Armenia - minister
Diaspora factor in Armenia`s investment portfolio is decliningDiaspora factor in Armenia`s investment portfolio is declining
Foreign investors present existing problems to Deputy Prime Minister  of ArmeniaForeign investors present existing problems to Deputy Prime Minister  of Armenia
Araratbank to put up for sale another tranche of dollar bonds worth  $3 million on September 8Araratbank to put up for sale another tranche of dollar bonds worth  $3 million on September 8
Ameriabank starts initial placement of another tranche of USD bonds  in amount of $10 millionAmeriabank starts initial placement of another tranche of USD bonds  in amount of $10 million
Pashinyan hopes that Moscow will regard relocation of Russians as  movement within EAEU: Putin sees nothing wrong with thisPashinyan hopes that Moscow will regard relocation of Russians as  movement within EAEU: Putin sees nothing wrong with this
Armenia`s premier on secondary western sanctions over intensified  contacts with Russia Armenia`s premier on secondary western sanctions over intensified  contacts with Russia 
Armenia is very concerned with unblocking transport links with  Azerbaijan Armenia is very concerned with unblocking transport links with  Azerbaijan 
Nikol Pashinyan links economic growth in Armenia with EAEU  regulationsNikol Pashinyan links economic growth in Armenia with EAEU  regulations
IDBank issues the first premium class business cards in ArmeniaIDBank issues the first premium class business cards in Armenia
Kerobyan: More than 50,000 Russian IT specialists arrived in ArmeniaKerobyan: More than 50,000 Russian IT specialists arrived in Armenia
Converse Bank has come up with a unique offer to encourage online shoppingConverse Bank has come up with a unique offer to encourage online shopping
IDBank is the first in Armenia to present Visa Platinum Business cardIDBank is the first in Armenia to present Visa Platinum Business card
AraratBank issues and underwrites USD 3,000,000 bondsAraratBank issues and underwrites USD 3,000,000 bonds
Fitch Affirms Armenia`s Sovereign Rating at B+, Upgrades GDP Growth  Outlook to 6.4%Fitch Affirms Armenia`s Sovereign Rating at B+, Upgrades GDP Growth  Outlook to 6.4%
Armenian SRC Deputy Head, Iranian Consul General in Kapan discuss  methods of facilitating customs procedures Armenian SRC Deputy Head, Iranian Consul General in Kapan discuss  methods of facilitating customs procedures 
Armenia to host production of Iranian carsArmenia to host production of Iranian cars
WB to issue a $26.5mln loan to ArmeniaWB to issue a $26.5mln loan to Armenia
Ardshinbank named Retail Bank of the Year by the international magazine Asian Banking & FinanceArdshinbank named Retail Bank of the Year by the international magazine Asian Banking & Finance
Armenia has significantly increased polished diamond exports and  rough diamond importsArmenia has significantly increased polished diamond exports and  rough diamond imports
Armenia significantly increased gold exports in H1 2022Armenia significantly increased gold exports in H1 2022
Armenian-Iranian business forum was held in YerevanArmenian-Iranian business forum was held in Yerevan
Converse Bank offers SME financing without financial analysisConverse Bank offers SME financing without financial analysis
Minister: As a result of relocation, 300 large companies with Russian  capital were registered in ArmeniaMinister: As a result of relocation, 300 large companies with Russian  capital were registered in Armenia
Ardshinbank supports development of Armenian jazz musicArdshinbank supports development of Armenian jazz music
Ameriabank expands branch network in YerevanAmeriabank expands branch network in Yerevan
Winner of Buissup Global Forum 2021 to represent Armenia at  Entrepreneurship World Cup 2022Winner of Buissup Global Forum 2021 to represent Armenia at  Entrepreneurship World Cup 2022
CPC reveals violations in production and sale of bottled  non-carbonated waterCPC reveals violations in production and sale of bottled  non-carbonated water
Orion, BAJ Accelerator launching one more startup growth acceleration  programOrion, BAJ Accelerator launching one more startup growth acceleration  program
Deutsche Telekom AG to launch activities in Armenia Deutsche Telekom AG to launch activities in Armenia 
Armenian, Russian entrepreneurs hold 250 meetings within RF  Diversified Business Mission to ArmeniaArmenian, Russian entrepreneurs hold 250 meetings within RF  Diversified Business Mission to Armenia
Economist concerned over children living in poverty in Armenia Economist concerned over children living in poverty in Armenia 
Neruzh professional repatriation program to be launched in Dilijan in  late SeptemberNeruzh professional repatriation program to be launched in Dilijan in  late September
TVEL JSC, Armenian NPP sign contract for supply of fresh nuclear fuelTVEL JSC, Armenian NPP sign contract for supply of fresh nuclear fuel
Armenia`s share in air tickets booked by Russians for autumn holidays  15%Armenia`s share in air tickets booked by Russians for autumn holidays  15%
Read more


Exchange rates
27.09.2022
RUB7.05-0.09
USD409.82-3.24
EUR394.53-3.78
GBP442.61-0.52
CAD299.47-3.16
JPY28.40-0.24
CNY57.95-0.81
CHF415.13-1.89