Yerevan /Mediamax/. Small and Medium Entrepreneurship Development National Center (SMEDNC) took up funding the capital of three companies.

Answering the question of Mediamax on the process of realizing the state program for funding SME’s capital, SMEDNC press service informed that in 2009, the Center funded the capital of Sourcio IT Company (at the volume of 125mlnA MD), as well as the capital of “Golden Goat” and “Marketing and Management 360” companies (at the volume of 69 and 49.5mln AMD respectively).

At the pilot stage of the program in 2008, they funded the capital of Instigate IT Company at the volume of 45mln AMD. The press service informed that in March, 2009, the company, having successfully realized its business project, bought out its shares from the state with 11% increase in price.

The press service noted that “SME Investments” UCO, established under the center in August, 2009, will take up the function of capital funding. It has already elaborated the order for realizing the program.