Public Financing for Innovation and Infrastructure: EIF Case Study

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Public Financing for Innovation and
Infrastructure EIF Case Study

• Dr. Bagrat YENGIBARYAN
• Director EIF
• Kiev, April 2008

2
Enterprise Incubator Foundation

• Non-profit business development and incubation
  agency
• 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. Increase competitivnes
  of Armenian technology companies.

3
Infrastructure for Innovation

• 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

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Main Directions

• Business Development
• Skill Development
• Infrastructure Services

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Business Development

• FDI-Export Promotion, Representative Offices
• Start-up Formation and Venture Financing, STEP
  Project
• Business and IT Project Management Consultancy
• Country Promotion

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FDI-Export Promotion, Representative Offices

• Alcatel, Microsoft, SUN Microsystems, NI, HP,
  GAID Youth ICT Centre, etc.
• Representative Offices in Canada and Austria
• Internships

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Start-up Formation and Venture Financing, STEP
project

• Creation of New Start-ups, Equity Investment
  (exp. Sourcio-web technologies, e-health AIT
  Systems- Boarder Management, Airport Management)
• Venture Fund in Partnership with Cafesjian Family
  Foundation (funding existing companies)
• STEP Project in Partnership with CRDF (funding
  RD teams)

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Business and IT Project Management Consultancy

• Management ConsultingAccounting Legal, Software
  Process Improvement and CMMI, IT Mark
• Certification
• Seminars, Round Tables

9
Country Promotion

• Digitech Exhibition
• IT in Everyday Business
• VC Conference
• IT Month
• Contests
• Surveys and Publications

10
Skill Development

• University Projects
• Regional Projects (GITC)
• Short Term Training Courses

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Infrastructure Services

• Slavonic university, right wing
• newly refurbished, fully network wired, PBX
• internet via fiber optic and satellite
• conference meeting rooms with projection and
  videoconferencing equipment
• cleaning, utilities, parking, security,
  cafeteria, 24/7 access
• total 2,000 sq.m., 100 occupancy
• Microsoft Innovation Centre, SUN Testing
  Development Lab, NI Regional RD Lab, etc

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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 more then 10mln USD
• First VC fund

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Road Ahead

• Strategy on IT and Information Society 2008-2018
• Yerevan Techno park
• Gumry Techno city
• Regional Incubators
• VC and Start up Fund
• Computer and Internet Penetration up to 80
• E-Governance, E-Health, E-Education
• Modern ICT infrastructure
• Productivity Increase-CMMI

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Thank You
Enterprise Incubator Foundation 123 Hovsep Emin
st. Phone [phone] Fax (374 10)
219777 E-mail info_at_eif.am www.eif-it.com