Armenia’s Women Tech Trailblazers Are Forging New Horizons
Nestled between Iran, Azerbaijan, Georgia and Turkey, the landlocked Republic of Armenia’s thriving technology sector reached $250 million in 2018 while the country of three-million peacefully overthrew an oligarchic regime. As the world’s next tech hub, Armenia’s tech sector has enjoyed double-digit annual growth rates employing some 20,000 workers–30 percent of whom are women. Armenia is also the global leader for the “Technology and Innovation for Gender Equality” action coalition of the UN-led Generation Equality Forum.
“Tech is the new culture in Armenia,” says Amalya Yeghoyan, executive director of Armenia’s second largest city, Gyumri IT Center (GITC) and Project Manager at Enterprise Incubator Foundation (EIF) where 70 percent of employees are women. A former Deputy Minister of IT, Yeghoyan previously managed the Gyumri Technology Center (GTC).
EIF is conducting the “Empowering Females through Capacity Building to promote technology in non-technology sectors” program delivered by IFC/World Bank Group in partnership with the UK Government’s Good Governance Fund. With investment, growth, and job creation among Armenia’s female entrepreneurs through capacity building, investor connection and access to global business networks, intensive bootcamps and acceleration programs will be held in Yerevan, Gyumri, and Vanadzor–Armenia’s capital city, second and third largest cities, respectively.