Armenia’s rising tech scene: The new Silicon Valley of the former Soviet Union


Armenia was once the center of IT innovation for the USSR. A turbulent history has stifled the economy, but things are starting to look up for the Caucasus republic. A highly-skilled, post-soviet engineering workforce and a diaspora of advocates, combined with new government initiatives, are igniting renewed growth in Armenia’s IT sector. These businesses are creating new technologies — from award-winning mobile apps to world-first presentation tools — recognized across the globe and many startups are making their way to the US. The Armenian tech industry is growing at an annual rate of 20 percent, greatly exceeding the country’s two…

This story continues at The Next Web

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