Current News

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.      

BUSINESS DEVELOPMENT & INNOVATION GRANTS


Business Development & Innovation grants -Support to technology oriented startups in Armenia


The "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 PSD SC Regional Programme, in cooperation with Enterprise Incubator Foundation (EIF), announces two grant competitions within the Diversified Access to Finance component of the SMEDA project. 


SMEDA is a part of the EU4Business and EU4Innovation Initiatives. It aims to create employment opportunities in various sectors by increasing the number of SMEs established in Armenia, as well as increasing the competitiveness of existing SMEs. Measures include providing grants and  technical assistance to develop new innovative products for domestic and global markets through a successful programme of grant models.  


Within this project, 2 types of grants will be announced: 

Overall, up to 18 grants will be provided in 2017 and 2018/2019 for 30,000 to 50,000 Euro, with a project duration of maximum 12 months within the Innovation Matching Grant competition, and up to 10 grants will be provided in 2017 and 2018/2019 for 15,000 Euro, with a project duration of maximum 12 months with the STEP Grant competition. In total, there will be 2 grant cycles per each grant type. 


SMEDA jointly with EIF is announcing  the Innovation Matching Grants competition.


Furthermore, the project aims at stimulating the rate of technology absorption and commercialization of research ideas, and also fostering the collaboration between science and the private sector, especially the Armenian SMEs. 


The competition will also support grantees with the following activities:

  • Access to seed funding through matching grants for the competition winning start-up companies
  • Mentorship, networking opportunities, and expertise in user-centered innovation commercialization strategies and business development - Linkages with potential investors

The competition is open to Armenian companies with a high technology background, for example in the field of Engineering, Cleantech, Biotech, etc., who are registered since at least one year in the Republic of Armenia and are able to provide necessary co-financing. 


Application deadline is February 5th, 2017. For all interested candidates, an info session will be organised to provide detailed information on the application process.



Photo Gallery | About Us | Projects | Services | News | Researches | Guides | Contact us