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Impact Acceleration Program 2

EIF Reopens Impact Acceleration Program for a Second Round of Applications in Partnership with C-Quadrat Ampega Social Fund and RECONOMY

 

Enterprise Incubator Foundation (EIF) announces a second round of applications to its Impact Acceleration Program, designed to identify, accelerate, and invest in early-stage tech startups creating measurable social and environmental impact.  The program is implemented in partnership with C-Quadrat Ampega Asset Management Armenia (CQAA) Social Fund, with the support of the RECONOMY program funded by the Swedish International Development Cooperation Agency (Sida) and implemented by Helvetas Swiss Intercooperation.

CALL FOR MURAL CONCEPTS EC High-Tech Accelerator Staircase

CALL FOR MURAL CONCEPTS

Engineering City High-Tech Accelerator Staircase

 

The Enterprise Incubator Foundation (EIF) announces a call for mural concepts for the staircase walls of the High-Tech Accelerator at Engineering City. The purpose of this call is to create a contemporary, unique, and inspiring work of art that will enrich the Engineering City environment and become an important part of the identity of the high-tech community by bringing together art, technology, and creativity within a single space.
UPDATE: E-Society and Innovation for Competitiveness Project

06.11.2012

Partner(s) for Seed and Early Stage Venture Fund

The Republic of Armenia has received financing from the World Bank for the E-Society and Innovation for Competitiveness Project (the Project), and intends to apply part of the proceeds for the establishment of Seed and Early Stage Venture Fund (the Fund). 


This activity will pilot Seed and Early Stage Venture Fund that would comprise public contribution of up to 3 million USD financed under the Project, and up to one half of the total fund equity. 


This pilot Fund would provide a demonstration effect of commercial viability of early stage funds for technology and high-growth potential knowledge-based start-ups helping to attract venture capital funds. 


The Fund will be established as an independent legal entity with a purpose of making equity investments in early stage technology and knowledge-based companies, and would be privately managed according to the Armenian legislation. 


The Fund is expected to produce commercial returns in 8-10 years after creation, in line with international experience. The Project could provide an up to 50% contribution towards management fee of the Fund, while the exact management structure and incentive scheme is to be further defined in the Fund Operational Manual, which is to be developed jointly with the selected partner(s). 


The Republic of Armenia now invites investors to express their interest in partnering with the Government for the establishment of the Fund. Interested investors should provide information demonstrating relevant experience, as well as proposed Fund management structure and CVs of potential Fund managers. 


Further information can be obtained at the address below. 


Expressions of interest must be delivered in a written form to the address below by November 26, 2012. 


Mr. Edgar Avetyan

Executive Director

"Foreign Financing Projects Management Center"(FFPMC)

Ministry of Finance

Government House 1, Republic Square

Yerevan, Republic of Armenia

Telephone: (374-10) 595 344

Fax: (374-10) 545 708

E-mail: [email protected]

Web page: www.ffpmc.com




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