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€25 million will be spent on TUMO Convergence Center for Engineering

panarmenian.net03/20th/2019, 8:48

€25 million will be spent on TUMO Convergence Center for Engineering

March 20, 2019 - 12:42 AMT

PanARMENIAN.Net - The European Union in partnership with Tumo Center for Creative Technologies on Tuesday, March 19 launched the EU TUMO Convergence Center for Engineering and Applied Science, a state-of-the-art STEM ecosystem for young adults in Armenia.

The EU will provide €23 million to support educational reform in Armenia, including €10.5 million for the development of STEM standards, while the remaining €12.5 will go to the new TUMO initiative.

In total, €25 million will be spent on the creation of the EU TUMO Convergence Center for Engineering and Applied Science, the project will be financed by TUMO and the EU.

Commenting on the event, Carlos Moedas, Member of the European Commission in charge of Research, Science and Innovation, said "It is vital for the economy of the future that the young people of today have access to the best science, technology, engineering and mathematics education. Our young people need to be encouraged to make the best use of their talents and ideas. We know this – in theory. EU TUMO Convergence Center makes this happen."

Chief Development Officer at TUMO, Pegor Papazian, delivered a presentation about the project to stakeholders and media in attendance: “We are thrilled to be creating a world-class STEM ecosystem in Armenia where the next generation of high tech professionals can learn and innovate,” said Pegor Papazian, chief development officer at TUMO. “With support from the European Union, the Ministry of Education of the Republic of Armenia, and other partners both local and international, we will bridge a gap between higher education and the rapidly changing needs of the global economy.”

Close to 15,000 square meters of building space will be constructed in Yerevan. The campus will include infrastructure for educat...

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