An auction of innovative projects will be organized in March 2011 in Yerevan within the framework of the fist Russia-Armenia interregional exhibition of industrial innovations, the head of Rossotrudnichestvo CIS Federal Agency Viktor Krivopuskov stated.

As he told a PanARMENIAN.Net reporter, over 50 applications were filed to Armenia-Russian innovative cooperation centre on July-December 2010, with 15 projects selected and 9 supported by scientific association. “The innovative projects will be presented at the auction, hosting venture and investment foundations, as well as other structures promoting development of innovations,” Krivopuskov said.

On April 15, Russian-Armenian Center for Innovative Cooperation was opened in Yerevan under a memorandum between Rossotrudnichestvo Federal Agency and RA Ministry of Economy.

The parties agreed to cooperate in establishment of interstate innovative structure, to conduct seminars and consultations, scientific conferences, to exchange information, to promote establishment of joint ventures both in Russia and in Armenia.