Current News

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.      

10 Armenian startups participate in Spain’s Startup Olé conference

02.05.2017

Armenian startups took part in Startup Olé conference in the Spanish city of Salamanca on April 26-27 thanks to the cooperation between the Small and Medium Entrepreneurship Development National Center and Enterprise Incubator Foundation. 

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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