Favorable conditions must be created for startup companies – US Amba

FAVORABLE CONDITIONS MUST BE CREATED FOR STARTUP COMPANIES – US AMBASSADOR

June 21, 2013 | 12:15

YEREVAN. – DigiTec Business Forum shows Armenia’s strength, success
and capabilities in the field of communication technologies, U.S.

Ambassador John Heffern said.

Delivering speech during the opening of the sixth annual DigiTec
Business Forum, Heffern said he participates in the forum for the
second time.

Ambassador noted U.S. role in the development of Armenia’s IT sector,
since the American organizations are closely cooperating with the
Armenian businessmen, including contacts with Silicon Valley.

The diplomat stressed government’s significant role in training
experts. However, he said favorable conditions must be created for
startup companies, small and medium-sized business entities. In order
to develop venture capital and startup companies, he advised to study
the experience of Singapore.

Ambassador Heffern underscored importance of intellectual property
right, since IT sector is the most creative field.

News from Armenia – NEWS.am

From: A. Papazian

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