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Infrastructure for Enterprise Innovation Hubs


Business development (software process improvement, CMMI certification) ... Consultancy (legal, accounting, sales, marketing) Business Development/ Cluster Development ... – PowerPoint PPT presentation

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Title: Infrastructure for Enterprise Innovation Hubs

Infrastructure for Enterprise Innovation Hubs
  • EIF Experience
  • By Bagrat Yengibaryan

Enterprise Incubator Foundation
  • Non-profit business development and incubation
  • Established in 2002 by the Government of Armenia
    within the World Banks Enterprise Incubator
    Project to support the development of Armenias
    IT industry
  • Mission is to stimulate economic growth of
    Armenia by assisting the local IT enterprises in
    business and skills development areas and
    stimulating entrepreneurial activity and start-up
    formation in the country

Infrastructure for Innovation Hubs
  • This is an evolving concept that has reached
    different levels across the world, reflecting the
    different stages of development. Technological
    and other change is rapidly transforming the
    environment in which the Innovation is developed.
    We should promote it at the national level. To
    put the potential of knowledge and ICT at the
    service of development

  • Incubator as a Start up
  • Wide range of Services
  • Business Services
  • Skill Development Services
  • Facility Services
  • Revenue Generation
  • Virtual vs. Physical

Support Actors Key Stakeholders
  • Government
  • Private Sector
  • Educational Institutions/Academia
  • Think Tanks
  • Research Centers

Role of Government
  • Development of strategy, including the necessary
    human capacity building
  • Initiate structured dialogue involving all
    relevant stakeholders, including through
    public/private partnerships, and for the exchange
    of best practices

Role of Government
  • Government should take action, in the framework
    of national development policies, in order to
    support an enabling and competitive environment
    for the necessary investment in Innovation and
    for the development of new services
  • Provide funding for joint projects

Business Development/ Cluster Development
  • Cluster promotion (Foreign Offices)
  • Branding
  • Business development (software process
    improvement, CMMI certification)
  • Capacity development (training labs, curricula
    development, RD facilities)
  • Consultancy (legal, accounting, sales, marketing)

Business Development/ Cluster Development
  • FDI attraction
  • Microsoft Innovation Center
  • SUN Solution Development LAB
  • Financing mechanisms (Venture Capital)
  • Start-up creation
  • Surveys and Publications

EIF as Part of Knowledge Infrastructure
  • RD Centers
  • Training Labs
  • VC Funds
  • Techno parks

Key Results Achieved
  • Annual sector growth 20,
  • Annual workforce growth 30
  • 10 growth in start-ups creation
  • IT industry produces 10 of Armenias exports
    and almost 2 of Armenias GDP
  • Productivity increase 7
  • 70 of IT companies using EIF services
  • FDI attracted (Sun Microsystems, Alcatel,
    Microsoft, National Instruments, HP)
  • First VC fund established in Armenia

Success Factors
  • Idea generation
  • Turning ideas into action
  • Public-private partnership
  • Matching interests
  • Quality services/new perspectives
  • Networking opportunities
  • Big picture

What is needed?
  • Political support
  • Skilled human resources
  • Dedicated management
  • Creative culture
  • Start-up capital
  • Physical Infrastructure

Next Steps
  • Development of New Strategy and Implementation
  • Joint actions with Donor Community and Private
    Sector on Implementation of Projects on
    exploring ICT and E-development aspects related
    to knowledge based economy
  • Establishment of Innovation Centers and Start-up
    Funds, Industrial Zones, etc

  • Enterprise Incubator Foundation
  • 123 Hovsep Emin st.
  • Phone (374 10) 219797
  • Fax (374 10) 219777
  • E-mail