ROIC ROIC_e-book-2 | Page 7

STI Ecosystem Current Ecosystem 50+ research institutions 12300+ average # of students (BA, MA, PhD) ~ 650 companies in ICT > 20% 3000+ ~ 90$ annual average growth of ICT companies average # of graduates (BA, MA, PhD) mln investment in startups since 2014 Tax privileges for IT Free economic zones (FEZs) Preferential trade arrangements (PTAs) & Regional trade agreements Multinational corporations (MNCs) presence STI ECOSYSTEM CHALLENGES 0.25 % of GDP is spent on R&D OECD average is 2% of GDP is spent on Higher Education High technology exports score is of manufactured exports 6 PCT patent 0.05 Patents by OECD average is 1.6% < 700 PhDs and DSc per mln population 7 times less than world top 10 value th No Armenian university makes it into the list of top universities of the world 1000 0.2 % applications per year OECD average is 30 Large gap between universities/research institutes and industry 6.8% World top 10 th value is 22% origin (bln PPP $GDP) World top 10 th value is 12.15 24.5% only in the crucial cohort of researchers from 41 - 60 years old