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Armenia: Silicon Valley of the Caucasus?
Business Daily
Apr 16, 2025

The small country of Armenia in the South Caucasus has long been positioning itself as an emerging technology hub. Hundreds of tech start-ups with strong ties to the US market through the Armenian diaspora are now based there. From 2020 to 2022, investments in small Armenian tech companies reached $48 million.

The industry has been partly fuelled by the arrival of hundreds of Russian IT specialists following the invasion of Ukraine.

We hear how the government wants the IT sector to develop the economy, talk to tech start-up founders, and find out how tech education for children is being prioritised.

If you would like to get in touch with the show, please email: [email protected]

(Picture: Staff in the offices of Doctor Yan, a health care assistant app in Armenia. Credit: BBC)

Presented and produced by Rayhan Demytrie

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Business Daily is the home of in-depth audio journalism devoted to the world of money and work. From small startup stories to big corporate takeovers, global economic shifts to trends in technology, we look at the key figures, ideas and events shaping business.

Each episode is a 17-minute, daily deep dive into a single topic, featuring expert analysis and the people at the heart of the story.

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To get in touch with the team, our email address is [email protected]

Presenter: Rahul Tandon Producers: Victoriya Holland and Ahmed Adan

(Photo: Isaac Larian, founder and CEO of MGA Entertainment, sitting in front of some dolls. Credit: MGA Entertainment)


17min 28sec




Armenia: Silicon Valley of the Caucasus?

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