4.4 • 796 Ratings
🗓️ 16 April 2025
⏱️ 18 minutes
🧾️ Download transcript
The small country of Armenia in the South Caucasus has long been positioning itself as an emerging technology hub. Hundreds of tech start-ups with strong ties to the US market through the Armenian diaspora are now based there. From 2020 to 2022, investments in small Armenian tech companies reached $48 million.
The industry has been partly fuelled by the arrival of hundreds of Russian IT specialists following the invasion of Ukraine.
We hear how the government wants the IT sector to develop the economy, talk to tech start-up founders, and find out how tech education for children is being prioritised.
If you would like to get in touch with the show, please email: [email protected]
(Picture: Staff in the offices of Doctor Yan, a health care assistant app in Armenia. Credit: BBC)
Presented and produced by Rayhan Demytrie
Click on a timestamp to play from that location
0:00.0 | Hello and welcome to Business Daily with me Rehan Dimitri. |
0:06.0 | As we continue our series on startups around the world, today we'll look at how a small |
0:12.0 | landlocked nation is building its future through technology. |
0:15.0 | Everyone is welcome to Armenia if the goal is to create a value. |
0:24.3 | IT, fields and tech is the future for Armenia. |
0:30.1 | Armenia, a country of 2.7 million people in the South Caucasus, has endured decades of conflict with its neighbor to the East Azerbaijan. |
0:33.4 | Its western border with Turkey has been shut for many years. |
0:37.2 | The country has faced economic challenges and over-dependence on Russia, particularly for energy resources. |
0:43.4 | But in recent years, it's been quietly transforming itself into what some are calling the Silicon Valley of the Caucasus. |
0:51.9 | And the vision is that we want to see Armenia becoming a tech center, |
0:57.7 | powerhouse, that delivers utmost value to Armenia and to the world. In this program, we'll visit a |
1:04.5 | classroom where children as young as nine are creating smart devices using coding and 3D printers. |
1:11.4 | With this app, you can see how many free places there are in a parking lot |
1:16.1 | and you can reserve your space from home. |
1:20.8 | And we'll explore how Russian IT specialists fleeing their country have boosted Armenia's tech ecosystem. |
1:28.0 | That's all coming up in Business Daily on the BBC World Service. |
1:37.9 | In a typical three-story state school in the downtown suburbs of Armenia's capital, |
1:43.6 | Yerevan, I'm watching as 11-year-old |
1:46.5 | Arakel demonstrates his invention. |
1:50.0 | I have made smart home project. I have made mother's work easy. How? One of the part |
2:00.3 | of the device sat on the roof and one other part is a server. |
2:08.6 | When rain starts, the server go to under the roof. |
... |
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