The Actual News

Just the Facts, from multiple news sources.

How Armenia is trying to build a Silicon Valley in the Caucasus

How Armenia is trying to build a Silicon Valley in the Caucasus

Summary

Armenia is trying to become a tech powerhouse, similar to Silicon Valley in the US. A special program is helping kids learn about technology and inventions, from a young age.

Key Facts

  • There's a special program in Armenia, called Armath, which teaches kids about technology.
  • Armath helps kids learn how to create things like robots, games, and smartphone apps while they are still in school.
  • This program started in 2014. Today, there are 650 schools in Armenia using the Armath program.
  • The group running this program, named The Union of Advanced Technology Enterprises (UATE), hopes to make Armenia a tech center that creates valuable things for the whole world.
  • Armenia has around 4,000 tech companies.
  • During the times Soviet Union existed, Armenia was a center for mathematics and computer science. Armenians want to remember this history and use technology more.
  • A big tech company called Picsart, which lets people edit photos and videos, started in Armenia in 2011. Today, it’s worth about $1.5 billion.
  • A recent report says that Armenia is a good place to start a company. It ranks better than its two neighbors: Georgia and Azerbaijan.
Read the Full Article

This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.