ROIC
Flagship Project for Armenia
The Regional Open Innovation Campus (ROIC) is envisaged as a 20,000+ square meter
facility, which functions as a holistic STI ecosystem, starting from higher education to
immersing customer with deep technology experience. The ROIC will serve as a microcosm of
a functioning science and technology ecosystem that powers data science, biotechnology,
advanced materials, and microelectronics verticals and industries by housing partner
universities' STEM educational departments, R&D labs for scientific experimentations,
incubation and acceleration spaces, and an immersive customer experience area.
ROIC is foreseen to support the full lifecycle of innovation: from knowledge creation to
scientific discoveries, to company creation. The value creation chain starts from the STI
ecosystem, which brings all the actors of the process into ROIC. The process starts with
students entering universities. Some of the university graduates will continue their careers as
researchers and stay in the value creation process as researchers. The knowledge they
acquired at the Academia will further be applied in the Experimentation Area , where they
will work on the creation of innovative solutions. This is where the technology will be
developed. At the next stage of the value chain, technology will turn into a product with the
help of entrepreneurs, coaches, and mentors, coming from the STI ecosystem.
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.