In the fast-evolving landscape of global business, few entrepreneurs manage to merge technology, ethics and foresight as seamlessly as Ovik Mkrtchyan. A lifelong innovator and founder of multiple successful ventures, Mkrtchyan has built his career around one central conviction: the most meaningful form of progress is the kind that improves people’s lives while strengthening the systems that sustain them.
Born in Nagorno-Karabakh and raised in Uzbekistan, Mkrtchyan’s early life combined cultural diversity with a strong foundation in technical and economic education. These formative years laid the groundwork for a career that would bridge industries and redefine how innovation serves humanity.
“Progress is only sustainable when it benefits more than shareholders,” Ovik Mkrtchyan says. “The task of modern business is to turn technology into trust and innovation into responsibility.”
For Ovik Mkrtchyan, entrepreneurship has always been about turning complex ideas into practical, scalable solutions. From medical technologies that reduce infection risks to initiatives in advanced materials and sustainable manufacturing, his projects reflect an instinct for identifying problems that matter and solving them with precision.
New Medical Technologies — Advancing Global Health
Among Mkrtchyan’s most recognised achievements is New Medical Technologies (NMT), a company specialising in the development of advanced sterilisation and virus inactivation systems. It has created over 30 patented solutions in infection prevention, including a photodynamic inactivation method that uses methylene blue activated by monochromatic light. This approach allows for fast and effective sterilisation without damaging sensitive equipment or relying on harsh chemical agents. The technology helps hospitals maintain higher standards of hygiene and reduce the risk of healthcare-associated infections.
The company’s research continues to evolve, focusing on systems that combine automation, precision and environmental safety — setting new standards for sterilisation in everyday medical practice.
Technano Innovation — High-Purity Nanomaterials
Technano Innovation, founded under Mkrtchyan’s leadership, is a new industrial enterprise focused on producing high-purity molybdenum trioxide nanopowder. The project is the first of its kind in Central Asia and supports the growth of high-tech industries across the region.
The plant’s custom-built equipment produces nanopowders with particle sizes ranging from 20 to 80 nanometres and a purity level of 99.999 per cent. This level of precision makes the material suitable for applications in electronics, catalysts and renewable-energy systems.
The company’s proprietary gas-metallurgy process allows for the extraction and refinement of rare and precious-metal nanopowders in a single stage, ensuring product stability and uniformity. The production cycle is fully enclosed, minimising waste and environmental impact.
By combining advanced engineering with strict quality control, Technano Innovation is helping to establish a foundation for the region’s emerging high-technology sector while supplying materials that meet global industrial standards.
SKB Energy — Energy Efficiency Systems
Founded under another Ovik Mkrtchyan initiative, SKB Energy develops and implements technologies that improve energy efficiency and reduce industrial emissions. The company focuses on upgrading existing infrastructure and integrating renewable power sources into manufacturing processes. Its engineering teams design customised systems for heat recovery, energy monitoring and clean-generation units, helping industrial partners cut operational costs and optimise resource use.
Several of the company’s projects have been carried out in cooperation with international organisations such as the United Nations and the European Bank for Reconstruction and Development. Through these partnerships, SKB Energy promotes the adoption of cleaner technologies and contributes to the transition toward more sustainable industrial models.
Ecotech Group — Industrial Waste Recycling
Ecotech Group focuses on developing and implementing industrial waste recycling technologies that turn hazardous by-products into safe and reusable materials. The company’s patented process converts chemical waste into furnace fuel and non-toxic benzoic acid, providing an efficient alternative to conventional disposal methods.
The system operates in a closed cycle, ensuring minimal environmental impact and enabling manufacturers to reduce both waste volumes and storage costs. Its technology has been adopted by several industrial facilities seeking to meet modern safety and sustainability standards.
By integrating engineering precision with practical application, Ecotech Group demonstrates how waste management can evolve into a productive and value-creating part of industrial operations.
Entrepreneurship with a Purpose
While Ovik Mkrtchyan’s reputation is rooted in innovation, his entrepreneurial philosophy is grounded in long-term thinking. He sees business not as a pursuit of growth for its own sake, but as a disciplined process of creating value that lasts.
This philosophy has guided his approach to leadership across sectors with the shared goal of accelerating the transition toward smarter, more responsible technologies. In each case, he insists that innovation should never come at the expense of social or environmental integrity.
What makes Mkrtchyan’s story remarkable is not only his portfolio of achievements but the consistency of his vision. Whether leading a company, mentoring a team or developing a new concept, he embodies a leadership style that combines precision with purpose.
He is part of a new generation of entrepreneurs redefining what success looks like: less about accumulation, more about contribution. “Innovation is not a race for recognition,” Ovik Mkrtchyan notes. “It is a responsibility to leave behind systems that work better than the ones we inherited.”
