IT & Entrepreneurial Skill Enrichment of Unemployed Population to Boost Regional Economic Development

Beneficiaries Description: 100 adults ages 18-50 from  4 (four) regions of Armenia 

Project Areas: 4 (four) regions of Armenia to be later selected 

Project Goal:

  1. Contribute towards establishment of economic balance between rural and central regions by development of IT education environment in 4 regional cities/towns in Armenia by creating prerequisites for potential employment in IT sector.
  2. Contribute to the creation and expansion of youth-led start-ups in IT and other sectors to generate employment, as well as promote development of the local economy to alleviate poverty and social disparities.

Project Objectives: 

  1. Employment in IT sector through Outsource/Remote Model 
  2. Employment through Entrepreneurship Model
  3. Technical Approach and methodology  
Project Type: Self-developed
Start Date: October 1, 2019
End Date:October 31, 2021
Coordinator / Responsible Person:Liana Sargsyan
Implementer: JMF
Colaborating organizations/partners:HSBC Bank Armenia, Instigate Training Foundation, BSC Business Support Center
Project Cost by JMF:USD: 43,170 AMD: 20,937,450
Project Cost by HSBC Bank Armenia:USD: 105,500 AMD 51,167,500
Beneficiaries Number:100