The Seaside Startup Summit continues on the shores of Lake Sevan.

For the 10th time, the Seaside Startup Summit brings together investors, startup representatives, students, and programmers from all over the world to learn, exchange ideas, and form new partnerships. For the second year, the Seaside Startup Summit is co-financed by the Armenian government, allocating 200 million drams. The Minister of High-Tech Industry notes that countries that strive to develop the technology sector must have a developed startup ecosystem. The startup ecosystem brings with it new jobs, because as a rule, startups grow very quickly and new jobs are opened for specialists in the field. The startup ecosystem stimulates innovation in the country, new knowledge, new products, services, and solutions are created within the country, which come to make people's lives easier. The development of the startup ecosystem also has a direct impact on economic growth. Development creates a new opportunity to attract both local and international investments, which also provides direct financial flows to our country. It is this whole picture that actually makes the government's policy of declaring the development of the startup ecosystem a priority understandable. In the future, the government will not remain uninvolved in major regional events, such as the Seaside Startup Summit.