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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.

ARTSAKH INFORMATION TECHNOLOGIES CENTER

Artsakh Information Technologies Center (AITC) was established by the Government of Artsakh Republic with the support of the Enterprise Incubator Foundation in 2015.


The aims of the Center is to promote the rapid development of knowledge-based economy in Artsakh and to establish a high-tech center, which will become a catalyst for achieving well-being both in the country and the region. Combination of technologies, education and entrepreneurship is the key to achieving prosperity in the region.


Strategic goals:

  • Preparation of competitive workforce 
  • Creation of business environment
  • Development of effective mechanisms for attracting foreign direct investments
  • Creation of a favorable business environment, to attract the transnational organizations to Artsakh


The main functions of the Artsakh Information Technologies Center will be:

  1. Reveal of innovative ideas, which have global and commercial potential for Artsakh
  2. Transformation of US, European and other international technologies to Artsakh for the establishment of the new joint companies
  3. Training of entrepreneurs for starting international level business in  technological areas
  4. Establishment of centers for commercialization of technologies for the main sectors such as engineering, manufacturing, etc
  5. Linkages with international capital and knowledge networks
  6. Arrangements with international companies and members of the Artsakh Information Technologies Center to be involved in business. The arrangements may become exchange agreements for international business and technologies in the future
  7. Transfer knowledge about methodology of commercialization of technologies  and  entrepreneurship skills to local entrepreneurs and partners to ensure stability in the region after completion of the project

These goals will increase investment opportunities to Artsakh, contribute to the development of technology business in Artsakh, competitiveness in regional and global markets. Technological Center will also cooperate with the Universities of Artsakh. 



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