HTI Ministry relaunches first and second programs of State support 17th Initiative on alleviation of Covid-19 economic impact

The Ministry of High-Tech Industry relaunches grant providing process within the framework of the State support 17th Initiative on alleviation of Covid-19 economic impact.

Until March 30, the winning projects of the grant competition will be reviewed, and contracts will be signed with the winner organizations.

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The commission has reviewed the programs submitted by the beneficiaries during the first session and the re-formulated applications have been submitted to the commission for observation.

Note that during the war, in order to meet the country’s primary needs, the process of signing relevant contracts with the winners of grant competitions held within the framework of the State support 17th Initiative on alleviation of Covid-19 economic impact, was frozen, the funds for the measure were returned to the RA state budget.

In accordance with the Government decision of February 11, 2021 the funds have been allocated from the RA state budget of 2021 to finance the 17th initiative.

Within the framework of the State support 17th Initiative 64 companies will receive state grants, with a total budget of about 1 billion drams, in the following proportions:

– up to 10 million AMD – 23 companies,

– up to 20 million AMD – 42 companies.

Ministry of High-Tech Industry

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