In 2011, AMD 200 million will be allocated to promote development of Gyumri technopark.

As technopark director Gurgen Paronyan told PanARMENIAN.Net, the sum will be spent to open new laboratories, activate the work of current ones, as well as create 4 companies to be selected on contest basis.

Professional staff training among Gyumri youth will also be on technopark activities agenda.

Technopark reconstruction tender will be announced in April.

In 2006, Gyumri technopark creation program was approved by the government of Armenia, with state program for assistance to technopark activities adopted in 2009.