In 2020, with the funding of the German Corporation for International Cooperation (GIZ), Modex in cooperation with Enterprise Incubator Foundation (EIF) carried out a needs assessment of the technological entrepreneurship ecosystem of Armenia and concept development. Within the framework of the project, Modex studied the current state of technological entrepreneurship in Armenia, performed a SWOT analysis of the ecosystem from talent attractiveness perspectives – based on in-depth interviews, and proposed measures for attracting international talents. Based on the study of international best practices, a concept was developed, including a model of financial forecasts, to systematically organize this process.