FAST

Ecosystem platforms

DISCOVERING THE FUTURE

Armenia’s current STI standing is currently low to middling —a fact reflected in the country’s STI rankings: Armenia ranks 61st among 131 countries on the Global Innovation Index 2020, with notable comparative deficits in its human capital and research components. It nevertheless performs above its expected level of development, rendering it an Innovation Achiever. This ranking reflects a scenario in which Armenian expenditure on both education and R&D is weak.

Thus, to advance scientific discovery, drive innovation and incentivize inventions, to transform Armenia into a science-driven innovative country by 2041, The Foundation for Armenian Science and Technology (FAST) was initiated by Ruben Vardanyan and co-founded by RVVZ Foundation and Noubar Afeyan, the Ayb Educational Foundation, “Luys” cultural, scientific and educational foundation and high-tech and innovations entrepreneur Artur Alaverdyan.

FAST The Foundation for Armenian Science and Technology

FAST is focused on harnessing scientific, technological, and financial resources within national and international communities for the creation of an ecosystem beneficial for Armenia’s advancement as a nation. The systems approach allows FAST to conceptualize Science, technology & innovation (STI) in Armenia as a dynamic ecosystem that rests on three core pillars: Education, Research and Commercialization.

FAST’s vision is Armenia’s transformation into a top 10 global innovator nation and a top 5 Data Science and Artificial Intelligence innovator by 2041.

The world is a limitless sea of possibility — an ocean therefore of opportunities available to Armenians looking for their own share of global prosperity.

Armen Orujian

Founding CEO, FAST

ACHIEVEMENTS / RESULTS

EXPLORING THE LANDSCAPE

  • 21 studies produced
  • 8 major reports produced by international organizations with our contribution

INCUBATING SOLUTIONS

  • 47 program concepts produced
  • 31 programs implemented
  • 6k+ beneficiaries engaged

BUILDING THE FOUNDATION