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Mentors for the winning startups of the Innovation Matching Grants (IMG) and Science and Technology Entrepreneurship (STEP) grants.

ANNOUNCEMENT

 

The “Support to SME development in Armenia” (SMEDA) project – co-funded through the European Union and the German Federal Ministry for Economic Cooperation and Development, and implemented by GIZ’s Private Sector Development in South Caucasus Programme in cooperation with Enterprise Incubator Foundation (EIF) is announcing a call for successful entrepreneurs, business executives, business consultants, angel investors to act as mentors for the winning startups of the Innovation Matching Grants (IMG) and Science and Technology Entrepreneurship (STEP) grants.


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.

New acceleration program for Armenian startups

01.03.2017


EIF, ISTC and Crosspring announce a new acceleration program for Armenian startups


Enterprise Incubator Foundation (EIF) and Innovative Solutions and Technologies Center (ISTC) in partnership with Crosspring Dutch Accelerator announce a joint acceleration program for Armenian startups. Acceleration program aims to promote the Armenian startups in the European market and give inputs on tech business development from European perspective. Mentors from Crosspring will also join during the program to guide the participant in their projects. 

The call is open to startups in the following three categories:

  • Artificial Intelligence
  • Cybersecurity
  • Augmented Reality (AR)/ Virtual Reality (VR)
  • BI (Business Intelligence) / Big Data
  • FinTech

Maximum 12 teams will be selected to participate in the jointly developed acceleration program. During the demo day up to 2 teams will be selected to travel to the Netherlands and spend 1 week at the Crosspring and learn more about the Dutch Business environment, as well as meet with potential clients and business partners.


The competition is open to Armenian startups, who already have a developed product and business concept in above mentioned areas. Early traction is preferred.  Applicants also need to have interest and potential to grow in the in EU markets.


The main selection criteria will be:


product innovativeness

  • team commitment/ balanced skill set 
  • level of the product / technology development
  • plans to expand international, particularly to European Markets
  • scaling potential of the project / product

All interested startups should apply by filling in the following online form by March 15, 2017: https://goo.gl/forms/4PkcCUwMta6cenjk1 


To date more than 500 teams and companies have participated in acceleration and incubation programs of Enterprise Incubator Foundation, most of which produce competent solutions and products meeting the demands of international markets. 




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