ECOS company is the operator of free economic zone established by the government of
Armenia in 2018 and aimed at the development of key digital technologies. The legislation
allows high-tech companies that operate in the free economic zone to use a special mode of business operation that includes low taxation and government support. Application of this approach increases the effectivity of business, the security of investments in the innovative sector of the economy and allows reducing operational costs. Today ECOS is a full-cycle innovative ecosystem that includes data centers, industrial mining facilities, VC fund, R&D laboratory, educational platform, and Armenian Blockchain Forum.
In 2018 an agreement on the establishment of the Free Economic Zone was signed between the Government of Armenia and ECOS, where ECOS was appointed an organizer of the Free Economic Zone. Thus, today ECOS is an innovation ecosystem that includes data centers, an industrial mining center, a venture fund, an R&D laboratory for designing innovations, an educational platform, acceleration programs, and an information and education forum for the Armenian Blockchain Forum.