Innovation Proposals
Institute of Geophysics and Engineering Seismology after A. Nazarov Institute of Geophysics and Engineering Seismology after A. Nazarov
Division of Chemistry and Earth Sciences

Seismic monitoring and awareness system

N Investment project title Seismic monitoring and awareness system
1. Sector

Earth and related environmental sciences

2. Project description

Multifunctional seismic monitoring and awareness system will be provided for the strategic objectives NP, major reservoir dams, tunnels, bridges, high-rise buildings, borders etc. seismic control. It will allow to identify and assess technogenic and seismic risks

3. Project implementation period 1 year
4. Project location A.Nazarov Institute of Geophysics and Engineering Seismology of NAS RA
5. Project overall cost (USD) 44.000
6. Required investments (USD) 44.000
7. Own funds (USD) -
8. Creation of jobs At the beginning of the project At the end of the project
8 10
9. Payback period About 2.5 years
10. Annual profitability index Based on the scientific and technical basis of the Institute (IGES) it is possible to create a production group of 10-12 employees. Therefore, under sufficient conditions for production the team annually can successfully produce 10 devices. According to preliminary calculation (salary – USD 48.000, electrical circuits and required construction details acquisition – USD 18.000, overhead costs of IGES - USD 9.000) for 10 devices production USD 75.000 amount will be sufficient. The cost will be USD 7.500 per device, in the case of realization of all products (1 device may cost 9.500 (the cost of foreign analogues ranges from USD 12.000 to USD 17.000) USD 95.000 amount will be paid back. At the end of the first year the profit will be USD 20.000
11. Detailed costs

Salary – USD 28.800
Necessary components, acquisition of equipment, field testing – USD 13.200
Overhead expenses – USD 2.000
Total - USD 44.000

12. Offer to investor

The labor input can be from organizations interested in the issue: RA Ministry of Defense, RA Ministry of Emergency Situations, RA Ministry of Urban Development, the State Committee for Water Management RA, as well as similar devices producing foreign brand-name firms: Gural (UK), GeoSig (Switzerland), Kinemetrics (US).

13. Contact details

Jon Karapetyan, Director of A.Nazarov Institute of Geophysics and Engineering Seismology of NAS RA 
E-mail: jon_iges {[ at ]} mail.ru
Tel.: (+374 94) 798580



Early warning wireless seismic smart system
Early warning wireless seismic smart system
Geo date logger
Geo date logger