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European coding event EU Code Week with “Learn to Code! It’s Fun!”

This year for the first time Armenia joined the biggest European coding event EU Code Week with “Learn to Code! It’s Fun!” initiative organized by Armenian-Indian Center for Excellence in ICT (AITC), project implemented by Enterprise Incubator Foundation (EIF), and supported by GOOGLE. The event took place on October 21 at AITC, Yerevan.

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

SCIENCE & TECHNOLOGY ENTREPRENEURSHIP PROGRAM (STEP) IN ARMENIA

The STEP project was created in 2006 by EIF jointly with the U.S. Civilian Research & Development Foundation (CRDF) and the Government of Armenia.  The purpose of STEP is to    help engineers, researchers, and scientists move their innovative products to market, create new ventures, and to encourage effective    partnerships with established companies.  STEP also supports economic growth by facilitating efforts by Armenian scientists to establish connections with local and  international companies so they may collaborate in a  mutually beneficial way.


Each year within STEP project EIF implements a number of activities in partnership with the Ministry of Economy of the Republic of Armenia and CRDF, which include the Business Partnership Grant (BPG) program, Venture Conference, Cluster Seminars, Business trainings for scientific community, Legal and accounting seminars, and match-making events. 


The Business Partnership Grant Competition and Venture Conference


Every year EIF jointly with CRDF Global issues an open call for applications from local scientists and technological professionals. Applications are submitted jointly with company partners (with at least a 10% cash contribution).

Applications are reviewed by independent experts both local and US for commercial and technical merit. At the conclusion of the application process semi-finalists participate in training sessions that focus only on the business aspect (e.g. business plan preparation, improving presentation skills etc.).


The final step is the Venture Conference at which finalist teams present their project’s business proposition to a panel of judges that includes representatives of Armenian and US Venture Capital experts. Five winners selected by the end of Conference receive prize awards for a 12-months period.


Winners of 2015 Business Partnership Grant Competition


In 2015, 90 teams applied to the BPG competition, from which 26 projects were selected to present their ideas at the Venture Conference.


Five projects Scycryptor, Movie Trip, InstaJob, Tree Scale, Localz from presented propositions won the competition. The winning teams received $6,000 from CRDF Global Organization and 2,800,000 AMD from the Ministry of Economy.

Technology Entrepreneurship Workshop


Under the auspices of STEP, CRDF and EIF organize regular Technology Entrepreneurship Workshops in Yerevan. The Workshop is open on a competitive basis to scientists, engineers, inventors, researchers and technology entrepreneurs with an interest in commercializing their innovations and developing viable enterprises. At the conclusion of the Workshop, CRDF awards one to three $10,000 U.S. Travel Grants to competitively selected Workshop participants. The number of grants awarded is based on the quantity and quality of applications submitted.  

The Workshop goals are to:

  1. Identify technologies with good commercialization potential through business plan competition and expert review process.
  2. Enhance technology commercialization potential by providing entrepreneurship training and one-on-one consulting to inventors, researchers and technology entrepreneurs in the following principal areas: a) company formation; b) technology validation; c) market assessment; d) team building; e) developing viable business models, operational, and financial plans; f) fundraising and exit strategies.
  3. Provide participants with personalized mentoring by U.S. and local business trainers with real-life business experience.
  4. Facilitate introduction of workshop participants to local and international businesses, prospective investors, and private sector experts.

    STEP winners listSTEP-Winners-2006-2015

    For More Photos of Venture Conference 2015 please follow this link.
    For More Photos of Startup Bootcamp please follow this link


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