Current News



Photo contest under the headline of “Artsakh War 2020 CHRONICLES”


Enterprise Incubator Foundation therefore announces a photo contest titled “Artsakh War 2020 CHRONICLES”.


2020 will be recorded in history as a chronicle of myriad global adversity. For us Armenians, it is also a historical chapter of war and irreversible loss.


ANNOUNCEMENT /03.03.2021/


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, RA Ministry of High-Tech Industry and the World Bank.



Enterprise Incubator Foundation with the support of 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








Project winners list: Grants-Winners-2014-2015

For more information about Previous IMG competiotion winner startups please visit 



Photo Gallery | About | Projects | Services | News | Researches | Guides | BLOG | Startup Ecosystem | R&D Ecosystem | Contacts