YEREVAN. – The Government of Armenia will purchase 9,000 shares of Granatus Ventures Fund I Closed Joint-Stock Company.  

The respective matter will be discussed in Thursday’s Cabinet meeting. 

The government’s corresponding investment will make up $3,300,000, whereas the private sector’s investment in this venture capital fund will total $3 million.

The said fund will be established as an independent legal entity, and to make financial investments in start-up technological and knowledge-based companies.   

The fund management will be carried out by the fund manager, and pursuant to Armenia’s laws.