BLACK SEA HORIZON – Bi-regional STI Dialogue

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Enterprise Incubator Foundation

Enterprise Incubator Foundation (EIF) is one of the largest technology business incubators and consulting companies in the region, operating in Yerevan, Armenia. Established in 2002 within the framework of the World Bank’s “Enterprise Incubator” project,EIF is called to support the development of information and communication technology sector in Armenia through creating a productive environment for innovation, technological advancement and company growth.

  • Posted on: 18.03.2016
  • Armenia
  • Acronym: EIF

Website: Link

Contact: Bagrat Yengibaryan, Director,

EIF's activities cover every aspect of sector development –ICT-related legal, business and educational reforms, investment channeling and creation of funding schemes for startups, individualized services and consulting for IT companies, talent identification and workforce development. They act as a cross-point for all entities in the sector - public and private institutions, international organizations and government agencies, major multinationals and small startups - and bring them together to act jointly towards the ultimate goal of ICT excellence. 


EIF's objectives are:

  • Developing effective information and communication technology infrastructure to enhance technological advance and transition to knowledge economy.
  • Enhancing nationwide access to computers and development of e-society. 
  • Promoting Armenian enterprises and increasing their competitiveness in the global markets. 
  • Creating new channels for attracting foreign direct investment to Armenia. 
  • Building linkages with business and research communities in key technology markets.
  • Fostering formation of start-ups and their further development. 
  • Developing managerial and professional workforce and fostering productivity improvement in Armenian companies.
  • Improving access of local firms to best international practices and experience.

EIF offer an extended experience in designing and implementing infrastructure development projects on the one hand, and an arrow of business incubation, mediation and advisory services on the other – a rare synthesis that makes them a valued partner for both public agencies and private businesses.

Organisation type: Company, Network | Scientific field: ICT | Related Topics: Research and innovation community | Geographical focus: Black Sea Region, EU , Armenia

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