Purpose

To serve as the economic growth and entrepreneurship engine of the Hye Diaspora Congress by strengthening Armenian business capacity, fostering innovation-driven enterprises, and promoting sustainable economic cooperation across the global diaspora and with Armenia.

Mission

To empower Armenians worldwide through entrepreneurship, investment-ready enterprises, job creation, and economic collaboration, transforming diaspora talent and capital into measurable, long-term economic impact.

Vision

A globally connected Armenian economic ecosystem that is innovative, competitive, resilient, and self-sustaining, contributing to prosperity for individuals, communities, and future generations.

Why This Department Matters

Economic strength is the foundation of national resilience.

Without coordinated economic strategy:

• Diaspora businesses operate in isolation
• Capital and talent remain underutilized
• Opportunities for scale and innovation are lost

This department ensures that Armenian entrepreneurship is organized, supported, and scalable, turning individual success into collective economic power.

Economic independence enables cultural, political, and social strength.

What We Do

The Department of Economic Development & Entrepreneurship designs and implements programs that:

• Support entrepreneurs and small-to-medium enterprises (SMEs)
• Connect diaspora businesses across regions and sectors
• Create pathways for job creation and workforce development
• Build bridges between Armenia and the global Armenian economy

This department focuses on real economic outcomes, not symbolic initiatives.

Core Areas of Work

1. Entrepreneurship & SME Development

We support:

• Startup formation and early-stage growth
• SME scaling and modernization
• Business education, mentorship, and advisory services

Entrepreneurs thrive when ecosystems exist.

2. Diaspora Economic Networks

We build:

• Global Armenian business networks
• Sector-specific economic clusters
• Cross-border partnerships among diaspora entrepreneurs

Networks accelerate opportunity and collaboration.

3. Armenia–Diaspora Economic Cooperation

We facilitate:

• Trade, investment, and business partnerships with Armenia
• Knowledge and skills transfer
• Joint ventures and market access initiatives

Economic connection strengthens national development.

4. Job Creation & Workforce Development

We promote:

• Workforce readiness and skills development
• Professional training and reskilling initiatives
• Employment pipelines across diaspora communities

Strong economies create opportunity for the next generation.

Key Portfolios

This department operates through the following specialized portfolios:

• Entrepreneurship & SME Growth
• Diaspora Business Networks
• Armenia–Diaspora Economic Cooperation
• Workforce Development & Job Creation

Each portfolio addresses a critical pillar of economic strength.

Flagship & Innovative Programs

Global Armenian Business Network

A platform connecting Armenian entrepreneurs, professionals, and enterprises worldwide for collaboration and growth.

SME Accelerator & Mentorship Program

Provides business training, mentorship, and operational support to help SMEs scale sustainably.

Armenia–Diaspora Economic Bridge Initiative

Facilitates trade partnerships, joint ventures, and investment-ready projects linking Armenia and the diaspora.

Diaspora Workforce Development Program

Supports skills training, professional certification, and employment pathways for Armenian workers globally.

Who This Department Is For

This department actively engages with:

• Entrepreneurs and business owners
• Startup founders and SME leaders
• Business mentors and advisors
• Economic development professionals
• Investors and corporate partners
• Young professionals pursuing entrepreneurship

How This Department Serves the Global Diaspora

• Strengthens Armenian economic self-reliance
• Creates jobs and sustainable businesses
• Mobilizes diaspora talent and capital
• Encourages cross-border economic cooperation
• Converts individual success into collective prosperity

This is where economic ambition becomes institutional growth.

Անդամակցեք

Strong economies are built by people who create, invest, and collaborate.

If you have:

• Experience in business, entrepreneurship, or economic development
• Interest in mentoring or supporting Armenian enterprises
• A desire to help build a global Armenian economic ecosystem

👉 We invite you to join us.