Total value generated
$ 336,600,000
By 2027
$ 106,700,000
By 2025
$ 1,785,000,000
By 2032
ROIC IN THE CONTEXT OF THE FAST STRATEGY
The demand for the ROIC mega-project is deduced from the logic of the FAST Strategy and
its ultimate goal of transforming Armenia into a top-10 innovator country, placing ROIC in
the context of the long-term planning and Armenia’s advancement in STI over a 20-year
horizon. The need to establish ROIC is also stipulated by the fact that Armenia’s growth in
R&D and the absorption capacity for R&D expenditure will saturate in 5 years (by 2023) after
doubling the current expenditure level. Sustaining the R&D growth towards reaching the
goals of 2041 will be made possible through attracting large numbers of international
scientists, engineers, startups, and companies, as well as catalyzing resources within the
country and applying a multiplicative clustering effect to them. ROIC is a means to do that.
The plateau in R&D growth will break and experience linear growth within 2-3 years of ROIC’s
establishment. Starting from the 3rd year the incubated/accelerated companies will start to
generate revenue and expand creating more high-tech jobs, revenue and R&D, as estimated
in the ROIC impact assessment. ROIC will also result in the diversification of the high-tech
industry in Armenia, which is currently mostly focused on the ICT sector.