ArmInfo. The Ministry of High-Tech Industry and Artificial Intelligence discussed the development and implementation of Armenia's small and medium-sized business policy. This was reported by the ministry's press service, citing the results of a meeting between Deputy Minister Tatev Aslanyan and a delegation from the Organization for Economic Cooperation and Development (OECD), led by William Thompson, Head of the Eurasian Division of the Global Relations and Cooperation Directorate.
The participants discussed SME sector development indicators and the potential for applying international standards. Particular attention was paid to digitalization and the implementation of artificial intelligence tools.
According to the source, the discussion also included the prospects for developing a high-quality startup ecosystem in areas such as agritech, deep tech, and physical AI.
The Deputy Minister emphasized the importance of expanding local companies' access to large capital as a factor in business development in Armenia, increasing their competitiveness, and creating incentives for continued operations in the country. In this context, the need to create centers and hubs to support digitalization and ensure the protection of private property was also noted.
According to the ministry's statement, the parties also discussed the prospects for developing Technology Transfer Offices in Armenia. In particular, they emphasized the importance of expanding cooperation and dialogue with the OECD and European Union countries in this area with the aim of adapting best international practices to Armenia. In this context, the need to expand access to the experience, professional networks, and capabilities of EU countries, as well as to ensure a high level of cooperation with leading European companies, was noted. The parties also discussed future prospects for cooperation, emphasizing the importance of continuing joint work to develop Armenia's technology ecosystem, digitalize business, stimulate innovation, and responsibly apply artificial intelligence.
