ArmInfo. The FAST (Foundation for Armenian Science and Technology) stated the formation of consultative board and appointment of executive
The intention to set the FAST was first sounded by social investor and entrepreneur, IDeA co-founder Rouben Vardanyan in July 2016. During the 9 months from the first announcement of FAST, its co-founders have conducted a series of efficient discussions in different cities in the world with the participation of scientists, investors and entrepreneurs. The team in Yerevan has created a database of almost 5,000 scientists and engineers from Armenia and the Diaspora. More than 120 people from that database contributed to the discussions of the FAST initiative. A significant contribution into this preparatory work was made by the
Armenian General Benevolent Union (AGBU), American University of Armenia, Synopsis, NSF, National Instruments and more than a hundred people who made important and valuable suggestions. Enterpreneur Armen Orudjyan, an innovation ecosystems architect, is appointed as the Director Executive of the FAST.
"Our main goal is to unite the state and the private sector, the general public and the elite, the citizens of Armenia, the diaspora and our partners in other countries, the donors and the international organizations, - in order to turn Armenia into one of the leading R&D hubs of the world together," Ruben Vardanyan stated.
FAST intends to become a platform for bringing the technological breakthrough in Armenia in the areas of IT and computer science, artificial intelligence, robotics, biotechnology, advanced engineering and manufacturing technologies. The Foundation will be based on 4 pillars: education, research, start-ups and production. Expert council will be formed for every direction.
The scope of the initial financing for the development of the Foundation will be up to USD 15 million. The co-founders will launch a global fundraising campaign to attract up to USD 250 million within five years.