Innovation and Technology Park to be constructed in Yerevan

Yerevan will become home to the first Innovation and Technology Park in the region to be constructed in Armenia. It will become the future workplace for more than 6000 leading professionals which will lead the integration of IT and innovation into all the major industries in the country, including engineering, finance, banking, healthcare, insurance, agriculture, mining, media, and telecommunication.
The Innovation and Technology Park will differ from other parks with its type and scale. Currently, there are many different small and medium IT and engineering parks in the world. The Innovation and Technology Park which is being built in Yerevan will be the first multi-industry park among CIS and Eastern Europe countries in terms of represented industries and geography of companies originating from.

The philosophy of the Innovation and Technology Park is the creation of an “ecosystem of innovation”. This will be possible through the involvement of educational, research and development institutions along with startupers, venture funds, incubation and acceleration programmers.

The Park claims to become the environment, where IT meets major industries and defines innovative products and services of future generation – putting Armenia and Armenian innovative products into a global innovation map.

The initiative of the project comes from the Galaxy Group of Companies together with Armenian IT community. The project planning phases lasted for more than 2 years, and the details of this large-scale project will be released soon.

Official Statements
PAUL Armenia will be located at a historical building in Yerevan: details of the long-awaited project have been released
The first PAUL in Armenia will be located at 8 Abovyan street, combining architecture of the old Yerevan and the culture of French bakery. After about one year break Galaxy Group of Companies and PAUL ...
October 15, 2021
MORE
“Fall forward”: Gurgen Khachatryan addressed a message to young people in Armenia
Galaxy Group of Companies, one of the largest employers and taxpayers in Armenia, announces the launch of development projects campaign for 2022. The campaign launch is marked with an inspiring motiva ...
October 06, 2021
MORE
Galaxy Group of Companies celebrates 22nd anniversary. The occasion was marked by a special rock-classical concert
18 September, 2021 The Galaxy Group of Companies is 22 years old. One of the first and largest conglomerates in Armenia, with its 2,500 employees in 15 companies, celebrated its 22nd anniversary in ...
September 18, 2021
MORE