IT training centers

DILIJAN, ARMENIA - SEPTEMBER 29, 2018: UWC Dilijan College (International boarding school for teenagers), Dilijan, Armenia

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IT training centers
IT training centers
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Technology and Communications
Technology
Business Model Description

Through a public-private partnership, establish IT training centers in collaboration with IT companies (as future employers) and the Government (as partner and provider of facilities and infrastructure), with an aim to re-specialize existing workforce to effectively meet the requirements of the ICT sector.

Expected Impact

Enhance IT education opportunities to equip especially youth with skills for quality jobs in order to support the sector's growth and secure Armenian's livelihoods.

How is this information gathered?
Updated: 9 Aug, 2021 Date of Production: 1 Jun, 2021
Armenia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
10% - 15% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4) Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Industry, Innovation and Infrastructure (SDG 9)

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Sector Sources
  • 1) Government action program 2019-2023, https://www.gov.am/am/Five-Year-Action-Program. 2) UNDP interviews with stakeholders, 2019. 3) Decree No 58 of December 28 2000, Recognizing Information technologies sector has as a priority sector in Armenia. 4) Statistical Committee of Armenia, Social Snapshot and Poverty, 2019. https://www.armstat.am/am/?nid=82&id=2217 5) Government Protocol Decree 35 of 28 August 2008, Concept of ICT development, http://www.irtek.am/views/act.aspx?aid=45457. 6) Law on State Support to IT Sector, https://www.arlis.am/DocumentView.aspx?DocID=138979. 7) Statistical Committee of Armenia, Labor Market in Armenia, 2019, https://www.armstat.am/am/?nid=82&id=2226.
IOA Sources
  • 21) Government Protocol Decree No 35 of 28 August 2008, Concept for the development of IT sector in Armenia, http://www.irtek.am/views/act.aspx?aid=45457. 22) Law on "State support to Information Technologies", https://www.arlis.am/DocumentView.aspx?DocID=138979. 23) Enterprise Incubation Foundation, Annual Periodicals, www.eif.am. 24) Statistical Committee of Armenia, Labor Market in Armenia, 2019, https://www.armstat.am/am/?nid=82&id=2226. 25) The Ministry of Education of Armenia, www.edu.am. 26) The Rate of Return to Investment in Education: Case Study of Lithuania, 2014, https://www.researchgate.net/publication/291241142_The_Rate_of_Return_to_Investment_in_Educaton_A_Case_Study_of_Lithuania. 27) Law on Licensing, https://www.arlis.am/DocumentView.aspx?DocID=150834. 28) Government Decree No 312 of 19 March 2015 on Licensing of Enterprises in the IT Sector, https://www.arlis.am/DocumentView.aspx?DocID=132551. 29) Tax Code, https://www.arlis.am/DocumentView.aspx?DocID=152750.