Ovik Mkrtchyan Investing in Innovation to Drive Sustainable Industrial Growth

Ovik Mkrtchyan is not just an investor — he is a visionary dedicated to advancing industries in Central Asia through innovation and sustainable practices. As the founder of Gor Investments Limited, he has built a portfolio spanning high-tech manufacturing, energy efficiency, and waste management, tackling some of the region’s most pressing industrial and environmental challenges.

Born in Nagorno-Karabakh in 1967, Ovik Mkrtchyan moved to Uzbekistan at a young age, later earning degrees in engineering, economics, and finance. His career began in banking before he transitioned into the transport sector, where he honed his expertise in strategic leadership. In 1999, he founded Gor Investments Limited, setting the foundation for a company that merges technological progress with sustainable business practices.

Investing in Innovation

Headquartered in London and Tashkent, Gor Investments Limited is a diversified holding company committed to industrial transformation through sustainable and forward-thinking strategies. By integrating advanced technological solutions, the company modernizes traditionally outdated sectors, enhancing efficiency while ensuring long-term environmental responsibility.

As Ovik Mkrtchyan explains, “Fostering innovation and creating original inventions are core principles of our work and key to our success. In today's world, outdated approaches have no place — every industry must strive to move forward every single day.”

Transforming Industrial Landscape

Technano Innovation, one of the key ventures within Gor Investments, is advancing nanotechnology with a groundbreaking project in Uzbekistan. The company has launched a facility for producing high-purity molybdenum trioxide nanopowder, a crucial material for renewable energy and advanced electronics. Utilizing a patented low-temperature distillation technology, the plant in Almalyk manufactures nanopowders with particle sizes ranging from 20 to 80 nanometers and a purity level of up to 99.999%. This initiative strengthens Uzbekistan’s position in high-tech manufacturing and aligns with global trends toward cleaner, more efficient energy solutions.

“I am always inspired by the idea of bringing something new to life — that's what excites me as an investor,” says Ovik Mkrtchyan. “Isn’t it amazing when an unconventional and complex idea evolves into a successful, promising project? I want to emphasize that we are not stopping here. Our technology is constantly advancing, and in the future, it will allow us to expand our product range further. At the Technano Innovation plant, we can produce nanopowders of rare metals, including tantalum, tungsten, niobium, molybdenum, vanadium, as well as precious metals like platinum and gold.” 

Sustainable Resource Management 

Sustainability requires more than innovation — it demands responsible resource management. Ecotech Group LLC, another venture within Gor Investments, directly addresses this challenge by converting industrial waste into reusable energy sources. Through advanced chemical processing, Ecotech Group transforms hazardous byproducts into non-toxic benzoic acid and furnace fuel, minimizing environmental impact while generating valuable secondary resources. These initiatives demonstrate how businesses can successfully merge profitability with ecological responsibility.

Energy efficiency is a cornerstone of sustainable development, and SKB Energy LLC embodies Gor Investments’ commitment to addressing this critical need. The company conducts energy audits, develops innovative “green” products, and provides engineering solutions that help save tens of thousands of tons of oil equivalent annually. Key partners include the United Nations, the European Bank for Reconstruction and Development, and the German Energy Agency. By reducing reliance on fossil fuels and promoting energy conservation, SKB Energy contributes to a more sustainable future.

Innovating for Health

Sustainability extends beyond industry and energy to human health, where Ovik Mkrtchyan’s venture, New Medical Technologies (NMT), is driving significant advancements. The company focuses on developing solutions that address critical gaps in medical safety, particularly in the detection and prevention of infectious diseases. Its patented technologies enhance hygiene standards in healthcare facilities and improve the accuracy of diagnostic testing, reducing risks associated with infectious diseases. By integrating these innovations into modern healthcare systems, NMT plays an important role in strengthening global public health, particularly in a post-pandemic world.

“The 21st century offers vast opportunities for the healthcare industry. By leveraging these advancements, we can fulfill the ultimate goal of medicine — ensuring the well-being of individuals and improving the quality of life across the globe.” — Ovik Mkrtchyan.

Ovik Mkrtchyan’s Leadership in Sustainability

For Ovik Mkrtchyan, sustainability is not merely a trend but an enduring philosophy embedded in his business practices. “Innovation should not come at the expense of the environment,” he asserts. “By integrating sustainable strategies into industrial development, we create long-term value — not just for businesses, but for society as a whole.”

His work offers a roadmap for entrepreneurs and investors seeking to balance progress with sustainability, proving that economic success and environmental responsibility are not mutually exclusive but are, rather, mutually reinforcing.