Developing Armenia’s High-Tech Industry Vision

Despite significant growth in Armenia’s high-tech industry in recent decades, the country still requires a unified national vision and coordinated approach to harness its full potential in this rapidly evolving sector. Establishing such a framework is essential for directing efforts toward sustainable growth and competitiveness in the global high-tech landscape.

In its dedication to boosting Armenia’s high-tech sector, the USAID Economic Foundations for a Resilient Armenia Activity facilitated an extensive public-private dialogue to shape the framework of Armenia’s National High-Tech Industry Strategy. The Innovate Armenia 2024 workshop facilitated constructive discussions between government officials, industry and academic leaders, and international organizations.

Through a detailed examination of the current state, challenges, and opportunities within Armenia’s high-tech sector, a preliminary framework for the National High-Tech Industry Strategy was formulated, laying the foundation for a vision to guide the industry’s future growth and development. As a next step, with Economic Foundations’ support and engagement, the strategy development committee, formed by the Ministry of High-Tech Industry, will refine this blueprint into a comprehensive draft strategy. It will encompass realistic objectives and detailed action plans to propel the sector forward.

“Without this essential document, decisions made lack a fundamental basis and may consequently prove ineffective. Creating this document allows us to demonstrate our planned actions and provides a roadmap for our future endeavors. It ensures clarity on the sequence and order of our actions, guiding Armenia’s contribution on the global stage,” said Mkhitar Hayrapetyan, Minister of High-Tech Industry of the Republic of Armenia.

Supporting the development of Armenia’s National High-Tech Strategy not only enhances the capacity of both government and industry partners but also reaffirms to investors Armenia’s position as a viable, emerging high-tech destination fostering innovation across the economy. By demonstrating a clear roadmap for growth and innovation, Armenia can attract increased investment and solidify its position as a leading player in the global high-tech arena.