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Business Development Support for innovative technology oriented Start-ups

The EU4Business "Support to SME Development in Armenia" (SMEDA) project, which is co-funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ’s Private Sector Development in South Caucasus Programme, in cooperation with Enterprise Incubator Foundation announces “Innovation Matching Grants – Business Development Support for innovative technology Start-ups” grant competition.

European coding event EU Code Week with “Learn to Code! It’s Fun!”

This year for the first time Armenia joined the biggest European coding event EU Code Week with “Learn to Code! It’s Fun!” initiative organized by Armenian-Indian Center for Excellence in ICT (AITC), project implemented by Enterprise Incubator Foundation (EIF), and supported by GOOGLE. The event took place on October 21 at AITC, Yerevan.

What is EIF


Enterprise Incubator Foundation (EIF) is one of the largest technology business incubators and IT development agencies in the region, operating in Yerevan, Armenia. Established in 2002 within the framework of the World Bank’s “Enterprise Incubator” project, we are called to support the development of information and communication technology sector in Armenia through creating a productive environment for innovation, technological advancement and company growth.

Our activities cover every aspect of sector development –ICT-related legal, business and educational reforms, investment channeling and creation of funding schemes for startups, individualized services and consulting for IT companies, talent identification and workforce development. We act as a cross-point for all entities in the sector - public and private institutions, international organizations and government agencies, major multinationals and small startups - and bring them together to act jointly towards the ultimate goal of ICT excellence. 

Our objectives are:

  • Developing effective information and communication technology infrastructure to enhance technological advance and transition to knowledge economy.
  • Enhancing nationwide access to computers and development of e-society.
  • Promoting Armenian enterprises and increasing their competitiveness in the global markets. 
  • Creating new channels for attracting foreign direct investment to Armenia. 
  • Building linkages with business and research communities in key technology markets.
  • Fostering formation of start-ups and their further development. 
  • Developing managerial and professional workforce and fostering productivity improvement in Armenian companies.
  • Improving access of local firms to best international practices and experience.


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