The Minister of High-Tech Industry of the Republic of Armenia Hakob Arshakyan presented details on the “Armenian Virtual Bridge” program– a project worked out by the Ministry of High-Tech Industry aimed at turning Armenia into a competitive and technologically advanced country.

As a result, 45 Armenian entrepreneurs will have the opportunity to visit the Silicon Valley in 2020 to gain entrepreneurial and business knowledge and skills to present their products correctly, to meet investors and venture capitalists.

The most important component of the project is that it will ensure a technological representation in the Silicon Valley. For this purpose, an apartment of up to 250 square meters will be rented in the city of San Jose, where participants will live and work under the Virtual Bridge program.

The government sees this as the best way to make new connections and ensure a permanent Armenian technological presence. Within the framework of the project, 15 startups and entrepreneurs will have the opportunity to take a 7-week training at Draper University.