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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.

The World Bank and Fambox company have started a business cooperation

01.02.2017


The World Bank and Fambox company have started a business cooperation


At the beginning of this year, a business cooperation between the World Bank and Fambox, a startup operating in Gyumri Technology Center, has been established. For the first time in Armenia, the project will be implemented based on Marklogic database technologies.


The cooperation was an occasion for the World Bank representatives to pay a visit to GTC in August 2016. After having been presented the technological descriptions of the required solutions, the Washington office of the World Bank assigned the accomplishment of the task to the startup.

 



 “The choice of Fambox was not coincidental. The technological skills of the company completely met the requirements presented. The implementation of Marklogic technologies was a totally new challenge in Armenia. The trial project for the Bank was executed at a high level followed by the registration of the company as a partner of the World Bank. As a result, the startup received a contract with a duration of six months at an absolutely competitive price”, GTC manager Amalya Yeghoyan noted.


During the implementation of the program, besides the main specialists, an addition of five developers at a beginner’s level in Gyumri will become more experienced in implementing the newest technologies. It’s a good opportunity to gain international recognition for Fambox and GTC in the sphere of Marklogic as well as new business opportunities and famous clients like the World Bank.


As Amalya Yeghoyan added, GTC is rapidly becoming more experienced and is grasping the attention of the clients more and more. Especially during the recent years they’re in constant negotiations with both Armenian and foreign clients.


The Gyumri Technology Center was established in 2014 by the government of Armenia and EIF with a World Bank financing.





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