Armath Engineering Labs in Schools

With this report, we present to you the investments and results of the "Armath" project audited by the Grant Thornton Armenia organization.

Since 2011 the UATE undertakes the mission to establish the Armath Engineering Laboratories educational program through
multiplying engineering laboratories, technical education base, a global network of students. UATE has also launched the process of exporting the Armenian model of technology education all over the world.

Evaluation by project objectives:

• More than 17000 students studying in the engineering laboratories of Armenia, Artsakh, Javakhk and other countries in 2022.
• Labs being integrated into schools instead of being separate structures.
• With labs being integrated into schools students have more realistic expectations and understanding in their profession choice.
• More than 40 of the 2021 graduates have founded start-ups, and almost 8% have immediately started working in the IT sector.
• Students learn programming languages, engineering modeling, thanks to which they participate in various competitions
• "Armath" Academy, an acceleration program supporting start-ups at various stages of development.
• In almost all phases of the project, students work in teams
• It is planned to initiate and expand various innovative directions: radio electronics, print design, artificial intelligence, machine learning and deep learning, augmented and virtual reality, agrotechnology.
• 37% of participants were female with high activity in competitions and organized events such as "Girls in Tech"
• The economic NPV (Net present value) of the project is estimated at 445 billion AMD
• The economic IRR (Internal rate of return) of the project was estimated at 574%.

• Report of Armath program (PDF)