Multi-channel casino platform and sports betting provider Digitain has launched a new tech start-up in the Armenian capital of Yerevan called DigiTown.

Lauded as “ambitious plans to support gaming and tech startups across the Caucuses,” the firm is aiming to develop a thriving tech ecosystem for development companies.

DigiTown is to offer free working space for an initial year to the region’s most ambitious tech startups in a full-service ecosystem, which it hopes will provide the foundations for harnessing growth at the crossroads between Asia and Europe.

In addition to striving to foster increased growth, Digitain has stressed that via the launch of Digitown it’s hoped that further foreign investment will be attracted “to a country already famed for its tech talents, as well as leading position within the B2B gaming tech space”.

Unveiling a scale model of the project’s headquarters, a custom-built complex located in Yerevan, at the ongoing World Congress on Information Technologies, Digitown is also currently under construction.

Suren Khachatryan, CCO at Digitain, said of the development: “Armenia’s contribution to tech world of IT and tech speaks for itself. As one of Armenia’s most successful companies, we’re delighted to be launching such as ambitious project – one that we hope will continue to put one of the most dynamic, fast-growing regions on the planet.

“As well as attracting investment and fostering entrepreneurship, we’re also looking forward to connecting with the Armenian global diaspora, many of whom will be getting involved in making our country a true open window to the tech world!”