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STEP from Idea to Market grant competition 2017

15.09.2017

Enterprise Incubator Foundation (EIF) and the Ministry of Transport, Communication and Information Technologies of the Republic of Armenia invite all interested startup teams, innovators, scientists and technology entrepreneurs to apply to the annual STEP “From Idea to Market” Competition. The competition is designed to ignite the spark of technology entrepreneurship and to advance innovative technology-based ideas to the market in the following areas critical to Armenia’s development such as ICT, Engineering and High Tech Innovations

The winners of IMG and STEP grants

08.05.2017

On May 5th the winners of the application process for IMG and STEP grants schemes were announced - as a result of 2-day pitching events where the 38 shortlisted startup teams and companies participated and pitched their innovative projects.      

What is EIF

Enterprise Incubator Foundation (EIF) is one of the largest technology business incubators and consulting companies 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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