The famous American BostonGene is already in Armenia. They have moved with their entire staff and will provide services to the whole world from our country.
Sargis Gevorgyan (‘BostonGene-Armenia’ Company’s executive director) - All the intelligence of technology is now in Armenia.
In recent years, technological progress in the world has made it possible to develop new methods of cancer treatment. BostonGene is a leading biomedical software development company, researching cancer and clinical modulation using artificial intelligence to develop a personalized treatment approach.
Sargis Gevorgyan - We have created an artificial intelligence that compares the knowledge base of the whole world with the genome of a specific person for treatment and decides how to treat that person.
Another 150 will soon join 360 foreign employees. Armenia's scientific potential was one of the reasons why they decided to move to Armenia, says Gevorgyan.
Sargis Gevorgyan - Many big companies work for us, companies with world names. Many things that were created in Armenia are now used by the whole world.
From programmers to oncologists and biologists, they plan to increase the number of employees to several thousand, and to implement it, they will cooperate with Armenian universities.
Sargis Gevorgyan - We work with universities, we want to open chairs and train personnel for our company.
Gevorgyan talks about the difficulties of working here: the price of renting offices and apartments in the capital is very high, they have problems using banking services, and the low exchange rate of the dollar has affected their incomes.
Sargis Gevorgyan - The government provided serious support, and if it wasn't for that, we would have moved forward more slowly.
‘Enterprise Armenia’ supported the company in this matter from registering the company to looking for office space.
Alina Yeghiazaryan (Head of Investment promotion and Foreign Relations department at Enterprise Armenia Fund) - Our team helps companies to register a company in Armenia and search for premises.
From information technology, food processing, smart agriculture to tourism, these sectors receive the bulk of investment requests.
Alina Yeghiazaryan - … from Germany, France, Emirates and other countries.
The Investment Assistance Center provides services to investors free of charge.