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Foundation for Armenian Science and Technology

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Corporate brand

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A non-profit foundation founded in 2016 to build an ecosystem for scientific and technological innovation in Armenia and the Armenian world.

Last updated September 26, 2026

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Overview

The Foundation for Armenian Science and Technology (FAST) is a non-profit foundation established in 2016 with the mission of creating a favorable ecosystem for technological innovation and scientific advancement in Armenia and beyond its borders. FAST seeks to mobilize the scientific, technological and financial resources of Armenia, the Armenian diaspora and the international community. The foundation was co-founded by Ruben Vardanyan and Noubar Afeyan through the Initiatives for the Development of Armenia (IDeA) foundation, Father Mesrop Aramian through the Ayb and Luys foundations, and entrepreneur Arthur Alaverdyan. In April 2017, Armen Orujyan, founder and president of the Athgo Corporation, became the foundation's chief executive officer. FAST positions itself as a platform for bringing breakthrough scientific and technological achievements to Armenia by reviving the country's fundamental STEM traditions, fostering an environment conducive to innovation, developing education in science and technology, and forming an active venture capital ecosystem.

History

The Foundation for Armenian Science and Technology (FAST) was created in 2016 as a platform to bring breakthrough technological and scientific achievements to Armenia by reviving the country's fundamental scientific, technological, engineering and mathematical (STEM) traditions, creating an environment conducive to innovation, developing education in science and technology, and forming an active venture capital ecosystem. The foundation was co-founded by Ruben Vardanyan and Noubar Afeyan through the Initiatives for the Development of Armenia (IDeA) foundation, Father Mesrop Aramian through the Ayb and Luys foundations, and entrepreneur Arthur Alaverdyan. In April 2017, Armen Orujyan, founder and president of the Athgo Corporation, became the foundation's chief executive officer. FAST's mission is to create a favorable ecosystem for technological innovation and scientific advancement in Armenia and beyond its borders, and it intends to unite the scientific, technological and financial resources of Armenia, the Armenian world and the international community.

  • 2017

    In April, Armen Orujyan becomes the foundation's chief executive officer.

  • 2016

    Foundation for Armenian Science and Technology (FAST) is established.

Products and positioning

A philanthropic and ecosystem-building foundation that mobilizes Armenian and international resources to advance science and technology in Armenia.

Product categories. grant programs · STEM education initiatives · venture capital ecosystem development · scientific research support

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