The Armenian Business Angels Club has announced an investment in the Armenian startup AR Trails. AR Trails is a mobile app that is revolutionizing the hiking experience. In addition to being fun and entertaining, the app provides interactive learning. It is designed to provide the visitor with the necessary information in audio, video, photo, and other formats using augmented reality (AR). Thus, going on a hike along the AR trail, the user of the application not only sees the natural and historical, and cultural heritage but also receives useful and fascinating information in audio, video, graphics, animation, 3D, and other formats. In addition, the application allows you to see the virtual path of the trail, which will reduce the likelihood of deviating from the trail. Therefore, it will also contribute to the safety of travel.

The IT sector in Armenia over the past 10 years has shown unprecedented growth, recording an average annual growth of 23%. Over the past 2 years, more than 20 start-up companies in Armenia have received a total of $700 million in investments. Armenian start-ups with less than 30 employees are exempt from income tax until the end of 2023, and the income tax for employees is 10%. As of 2021, the total turnover of IT companies operating in Armenia exceeded $1 billion. As of 2021, the industry employs 29,000 professionals.