RECONOMY’s “Digitizing Sectors for Competitiveness” project supported the implementation of the “Policy Design for Armenia’s Startup Ecosystem” research, the findings of which were presented during the expert consultation meeting organized by the Union of Advanced Technology Enterprises (UATE) in Yerevan on May 22.
The consultation provided an important platform to examine interim research findings on Armenia’s startup financing landscape, international best practices, and policy instruments that could contribute to building a more resilient, innovation-driven, and competitive entrepreneurial environment. Particular attention was given to the adaptation of successful international models to the Armenian context, taking into account local market realities, investment dynamics, and the evolving needs of technology-driven enterprises.
From the perspective of the RECONOMY’s “Digitizing Sectors for Competitiveness” project, such discussions are essential as digitalization and innovation are no longer solely technological priorities – they are increasingly central to economic competitiveness, workforce development, productivity growth, and regional cooperation. A stronger startup ecosystem can serve as a catalyst for investment attraction, job creation, technological advancement, and sustainable economic development.
The meeting also reaffirmed the importance of continuous dialogue and collaboration among the private sector, development programmes, policymakers, and industry experts. Inclusive and evidence-based policy discussions are critical for designing practical and impactful support mechanisms that respond to the real needs of the entrepreneurial ecosystem.
RECONOMY remains committed to supporting initiatives that advance competitiveness, digital transformation, innovation, and the long-term development of dynamic entrepreneurial ecosystems across Armenia and the wider region.
RECONOMY is an inclusive and green economic development program of the Swedish International Development Cooperation Agency (Sida), implemented by Helvetas in partnership with the Strategic Development Agency NGO and others in the Eastern Partnership and Western Balkan countries.