Regional Open Innovation Campus (ROIC) ROIC_e-book | Page 7

This stage will be supported by the Incubation Area , which will provide the necessary
environment for professionals with commercializable prototypes , and startups that
need business development support and/or co-working spaces. Once companies are
created, they will need rapid expansion through capital investments. This is where the next
stage of the value chain process begins, supported by the Acceleration Area .
The final products of companies created in the Acceleration Area are then presented
in the Customer Experience Area . Through showrooms, exhibition halls and other
facilities, the Customer Experience Area aims at promoting cutting-edge products and
solutions. This area will contribute to the popularization of science , technology, and
innovations, by taking orders from private and public organizations. Apart from that, the
Customer Experience Area will take the role of the bridge between the STI ecosystem,
Government and the ROIC, providing an access point for regional Governments to test
new innovations and novel discoveries.
The ROIC aims to catalyze and boost regional and global innovation by maintaining
active partnerships and collaborations with Governments, Academia (research and
higher education institutions) and the Private Sector .
Why ROIC is Flagship for Armenia?
ROIC will catalyze the Science, Technology, and Innovation (STI) ecosystem of Armenia
by including all necessary components; knowledge base (scientists, researchers, students),
entrepreneurial base (budding entrepreneurs, startups, SMEs) and financial base (angels,
VC funds, other financial institutions).
ROIC is:
the anchor point for international cooperation and catalyzing multidisciplinary research
between Armenian, regional and international scholars
a pipeline for STI breakthroughs, increasing regional competitiveness and strengthening
global economic, social and environmental conditions
a regional hub for advanced research and breakthrough technologies which will be at
the nexus of solving economic, environmental, and social challenges; with a
commitment to “future backward” approach to challenges
a catalyzer of public policy reforms and structural reforms for boosting STI in Armenia
and the wider region.