ANNOUNCEMENT /12.07.2019/
Enterprise Incubator Foundation with the support of the Government of the Republic of Armenia and World Bank announces Matching Grants Competition in the framework of World Bank Trade Promotion and Quality Infrastructure (TPQI) Project, which includes Innovation Matching Grants (IMG) and Regional Matching Grants (RMG).
Innovation Matching Grants programs are intended to provide series of grants to support new solution, product, service or process adaptation, improvement and/or development, which would stimulate the rate of technology absorption, technology transfer, innovation and commercialization in the private sector.
Grant program is designed to provide financial assistance to teams, technology startups and up to 3-year old existing technology companies/ SMEs (may vary from development of mobile application and web project to development of complex software, solving different business process issues or complex engineering solutions) to support their development of innovative products/services and/or market them. The aim of Regional Matching Grants is to Promote the development of new technology-driven companies (including establishment of new companies) in the regions of RoA.
The grant size will range from 5,000,000 AMD to 25,000,000 AMD.
Innovation Matching Grants provide funding for maximum 50% and Regional Matching Grants provide funding for maximum 85% of expenditures estimated by the applicant for development and sales of new product/service meeting the objectives of the project.
Maximum duration of presented project is 1 year.
Here you can download:
Project Operational Manual which includes detailed description of the grants
Application forms
Full Announcement of the Innovation Matching Grants Competition
APPLICATION SUBMISSION DEADLINE:
02 September, 2019, 23:59 (Yerevan time)
Attention! Taking into account that in the framework of IMG competition much more applications were received than it was expected, so for properly reviewing the applications more time is needed.
Therefore, dates of the shortlisting of candidates and of the following events mentioned in the IMG Announcement’s timeline will be postponed.
The new deadlines would be announced additionally.
All the applicants will be informed about the results and subsequent process via email.
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MATCHING GRANTS COMPETITION 
