Yerevan, April 14, Noyan Tapan. The Government of Armenia approved the 2009 Program of state support to the work of Gyumry Techno Park on April 9 sitting. As the minister of economy Nerses Eritsian mentioned, this year 80 million AMD are envisaged from the state budget for the operation of Techno Park. According to the minister, the implementation of the program will deepen the confidence of either the government or private investors. In the fringes of the program, it is projected to create a management team to work both with with the Government and investors, told Eritsian. Reminding, that in 2008 two laboratories were established at Gyumri's Branch of the State Engineering University of Armenia, he informed about another seeral learning and research laboratories to be created at Techno Park. A number of activities are related to research and development projects and possibly be supported through grants from public and private sectors. In 2008 three similar projects were financed, told N.Eritsian. The program intends to establish a foundation, which will enable to realize new ideas and business projects, told the minister. Through the foundation students will receive financial aid to continue their education or internship in other countries. This will be implemented jointly with some European or US university. As he mentioned, banks of South Asia, as well as other private investors became interested in Gyumri Techno Park. As the prime minister Tigran Sargsian mentioned, closer cooperation with private investors is required within a period of program implementation. "Our goal is to have investments as much as possible, including from private sector".

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