Ambitions for the Near Future

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Ambitions forthe Near Future
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(No Transcript)
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Armenian IT industry Key highlightsBagrat
YENGIBARYANEnterprise Incubator Foundation
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Industry Background

• Number of companies 175 (56 foreign)
• Foreign ownership USA/Canada (64), Russia/NIS
  (18), Europe (16)
• Major specializations customized software and
  outsourcing (23 of firms), web design and
  development (13), IT services and consulting
  (10).
• Major export destinations USA/Canada (60 of
  exports), Europe (18), and Russia (16).

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Competitive Advantages

• World class RD capabilities in computer science,
  physics and mathematics
• Well educated and talented workforce with a high
  degree of technical skills and English language
  proficiency
• Strong university programs with specializations
  in IT and Science
• Highly competitive labor cost

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Competitive Advantages

• Solid Government support to the sector and
  commitment to improve the investment climate
• Strong and successful Diaspora in Europe and
  North America
• Extensive experience with multinationals
• Sound laws and regulations for IP protection

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Specializations
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Turnover

• Total revenue 110 mln - 27 annual growth from
  1998
• It is 1.2 of GDP (2007) India (1.4), Germany
  (1.3)
• Local firms produced 50 mln or 45 foreign -
  60 mln / 55
• Average revenue per local firm increased by 30
  from 2003
• Exports 70 mln (63 of revenues)
• Software services 96 mln (86 of revenues),
  ISP 15 mln (14)

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Turnover in 2006 / 2008
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Workforce

• Workforce (technical and business) reached around
  5,000 in 2008
• 17 annual growth from 1998
• Around 85 are technical specialists
• Work for local / foreign 50/50
• Male / female 65-70 / 30-35 (females in US
  27, UK 15)

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Workforce distribution
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Salaries
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Key Universities Students
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Successful Partnerships

• Microsoft Innovation Center
• Sun Microsystems Testing and Development Lab
• National Instruments RD Lab
• Synopsys University Programs
• Gyumri IT Center (FAR, EIF, SUN)

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Moving Forward

• Yerevan IT Park
• Gyumri Technocity
• IT Investment Fund
• RD, Training and Certification Centers
• Replication of the Armenian model worldwide

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• THANK YOU
• Enterprise Incubator Foundation
• www.eif-it.com
• info_at_eif.am