Education

Innovation is at the core of the Foundation's education strategy which is focused on universities and their links to research and industry.

CONVERGENCE CENTER PROJECT

The Convergence Center will link pockets of academic excellence into a critical mass to promote competitiveness. Based on an innovative model that combines academic and research facilities with industry and commerce, the Center will offer funding and shared resources to universities and will broker their relationships with leading academic centers abroad.

Healthcare

Armenia has the potential to become a regional leader in the diagnosis and treatment of oncological and cardiovascular diseases.

NUCLEAR MEDICINE PROJECT

Armenia has the potential to become a regional leader in nuclear medicine and a center of excellence in oncology and cardiology. The $40 million Nuclear Medicine Project will lay the foundations for realizing this potential by acquiring the latest technology in the field and partnering with foreign investors for the transfer of technology and knowhow to Armenia.

Tourism

Armenia has a significant unrealized competitive advantage in tourism.
Our country is poised to enter its expansion phase in high-value leisure tourism with great opportunities for development.

TATEV REVIVAL PROJECT

A UNESCO World Heritage candidate, the Tatev monastic complex is located in a spectacular natural setting. The $25 million project consists of several components: conserving the complex, reviving its monastic and scholarly tradition, developing tourism products in the adjacent river gorge and villages, and building the world's longest reversible aerial tramway.

Networks

In addition to its sector-specific programs in education, healthcare and tourism, the Competitiveness Foundation develops programs aimed at promoting competitiveness through increased access to knowledge and knowhow.

BROADBAND ARMENIA

The Broadband Armenia Project will extend high-performance internet infrastructure throughout the country. It will strengthen Armenia's linkages with international telecommunications backbones, increase reliability, and lower the price of internet services. The resulting broadband infrastructure will create new opportunities for entrepreneurship and innovation.

Pan Armenian Bank

The Pan Armenian Bank is a national institution created to enhance the economic and social capital of Armenia and the broader Armenian world. It will finance catalytic investments at each level of key value chains that have the potential of enhancing Armenian competitiveness. The Pan Armenian Bank will identify, promote, professionally evaluate and finance investment projects which are financially sustainable and have a positive and quantifiable development impact. These projects will be in the sectors which constitute the development priorities of the National Competitiveness Foundation of Armenia, as well as in other sectors where the needs for term capital are significant and are not fully covered today, either by the local banking sector or by the International Development Finance Institutions active in Armenia.