ANNOUNCEMENT /15.09.2023/
Enterprise Incubator Foundation announces NEW CALL for the Innovation and Regional Matching Grant competition, in the scope of the "Matching Grants" Program implemented with the assistance of the RA Government and the World Bank.
The Grant Program aims at assisting companies operating in Yerevan and in the regions to develop their innovative tech products and solutions, as well as to direct them to promote traditional sectors of the economy.
In this stage of the Grant Competition innovative applications are accepted in the fields of engineering and cybersecurity.
Participants selected within the framework of the grant program will get an opportunity to work with experienced mentors, with the support of which they will develop skills in project presentation, and attracting finance and investment, international clients, and partners.
The amount of co-financing provided by the grant program can be up to 5,700,000 AMD.
Besides, according to the sub-components of the program, the co-financing will be provided respectively:
- in the case of Innovation Matching Grants (when the company is located in Yerevan or up to 50km from Yerevan), in amount of 50% of the presented project budget.
- in the case of Regional Matching Grants (when the company is located at least 50km from Yerevan), in amount of 85% of the presented project budget.
The duration of the program is a maximum of 6 months .
All participants must comply with terms of the Grant Project Operations Manual and be guided by the requirements set forth in it. (taking into account the announced field, financial (both minimum and maximum limits of the dram funding), and deadline requirements).
By the following links you can download the Project Operation Manual, Application and Budget forms.
Applications for the Matching Grants program must be submitted to [email protected] until October 9, 2023, 23:59 (Yerevan time).
Applications must be submitted both in Armenian and in English.
Preliminary online information sessions will be organized for all interested candidates in order to provide detailed information about the Program.
In case of additional questions:
Contact person:
Arus Yeghiazaryan
Tel.: +374 11 219734; e-mail: [email protected]
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MATCHING GRANTS COMPETITION - 2023 
