Avanta Innovative Medical Center in Armenia plays a key role for the country to promote medical tourism, according to the center's CEO Artur Harutyunyan.

Armenia, with 96% of its terrirtory covered by mountains, has a population of some three million, but the Armenian diaspora amounts to about 10 million people who have had to leave the mountainous homeland to seek opportunities abroad.

Having developed a solid presence in Armenia, US-based electronic design automation (EDA) solutions provider Synopsys has spared no efforts fostering young Armenia IT talent through a dedicated unit dubbed Synopsys Armenia Educational Department (SAED).

In Armenia, Aleksandr Yesayan, co-founder and business development director of telecom operator Ucom, is an iconic entrepreneur, as he founded the company in 1998 at the age of only 16. The company is now a business with 1,800 employees and annual revenues of US$80 million, and Yesayan is a role model for young Armenians establishing startups.

Deeply aware of Taiwan's robust tech prowess, Armenia hopes that industries in both countries can build closer partnerships and that more young tech talent can complement each other through bilateral industrial exchanges, according to Hakob Arshakyan, Armenia's minister of transport, communications and IT.

Yvonne Chiu, currently chairwoman of the Information Service Industry Association of Taiwan, has been re-elected as chairwoman for the World Information Technology Service Alliance (WITSA), a consortium of ICT organizations around the world.

Through attending various commercial activities hosted by the World Information Technology and Services Alliances (WITSA), Taiwan information software and hardware firms can more easily tap global business opportunities, according to Yvonne Chiu, chairperson of both WITSA and the Information Service Industry Association of the ROC (CISA).