The European Union and Viva-MTS join forces with Catalyst Foundation to support Armenian Tech Entrepreneurs. Armenia Startup Academy Traction Programme Bath 3 Demo Day
Armenia Startup Academy hosted a Demo Day to showcase the 8 startups that have completed the Academy’s Traction Program Batch 3. The 14-week mentorship program, which began in October 2022, is designed to help companies at the post-prototype stage accelerate their growth and secure funding. The program is implemented by Catalyst Foundation supported by the European Union’s EU4Business “Innovative Tourism and Technology Development for Armenia” (ITTD) project implemented by GIZ. Viva-MTS, Armenia’s leading mobile telecommunications operator, joined the initiative as a corporate partner and supporter.
During the program, the 8 startups worked on the development of their sales, growth hacking, and fundraising strategies. They received guidance and mentorship from experienced professionals, including Hamlet Azarian, the CEO of Azarian Growth Agency who has a wealth of experience in consulting businesses, particularly venture-backed startups in the pre-seed, seed, and Series A stag, and Alec Beglarian, the Founder and Email Marketing & Deliverability Consultant at Engage.guru, who is a digital marketing, branding, and user experience expert with over 15 years of experience. Throughout the programs the mentors worked closely with companies to providing strategic advice on building custom growth engines and help businesses succeed.
Armen Avetisian, General Director of Viva-MTS, who also participated in event, emphasized: “It is difficult to overestimate the importance of this project in Armenia, especially considering the fact that the venture winter is here and the economy stagnates at the global level, and the capitalization of big tech companies is following it. 2022 was the year of unexpected changes for many companies, and every day there are more questions about it: what’s next for startups and investments, is it worth launching a new tech business now, and which sector or market is better to choose?
It is important to understand that entrepreneurship can be conveniently divided into two parts: classical business, where your main task is to build a business, that will generate cash flow making a profit and dividends. When we take a look at the story related to venture capital and innovation, we see a story of building capitalization, where the main task is to predict the startup valuation in a few years. The task of an entrepreneur who goes into venture history is not to focus on dividends, but to have a visionary view and look at 5, 10, 15, or even more years ahead. We need to build big stories and focus on building the valuation and long-term capitalization of companies, and there will definitely be those who are ready to cooperate and help along this path,” Armen Avetisian added.
The eight startups representing a range of industries, including Edtech, healthtech, AI, and entertainment, have achieved measurable results throughout the program.
About the European Union
The Member States of the European Union have decided to link together their know-how, resources, and destinies. Together, they have built a zone of stability, democracy and sustainable development whilst maintaining cultural diversity, tolerance and individual freedoms. The European Union is committed to sharing its achievements and its values with countries and peoples beyond its borders.
About EU4Business Innovative Tourism and Technology Development for Armenia Project
The EU4Business “Innovative Tourism and Technology Development for Armenia'' project is co-funded by the European Union and the Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by German Development Cooperation GIZ through the Private Sector Development and TVET South Caucasus Programme. The project is part of the EU4Business initiative of the European Union. It aims at the creation and further development of investable and innovative ventures in Armenia leading to stronger and competitive tech and innovation ecosystems with potential export orientation, increased number of Science2Business2Education cooperation platforms, and higher participation in HORIZON 2020 and HORIZON Europe innovation programmes.
About Viva-MTS
Viva-MTS (MTS Armenia CJSC) is Armenia’s leading telecommunications operator, having the widest network reach and spreading a wide range of Voice and Data services all across Armenia. Having the best of the Armenian people at heart since its launch on 1st July 2005 and in a short period of time Viva-MTS has managed to build a nationwide network and a considerable customer base. Viva-MTS drives innovation and aims at always being at the forefront of any development serving the Armenian mobile communications market. The company follows the guidance provided by ISO 26000 (International Standard of Social Responsibility) and ISO/IEC 27001:2013 (Information Security Management System). For more information visit www.mts.am
About Catalyst Hi-Tech and Entrepreneurship Development Foundation
Catalyst Hi-Tech and Entrepreneurship Development Foundation aims to contribute to the development of the tech entrepreneurship ecosystem in Armenia. The Foundation has a number of initiatives aiming to fuel the Armenian startup ecosystem with competitive skills and develop a pipeline of capable companies, including Hero House, Armenia Startup Academy, AI Incubator, Entrepreneurial Assistant School, Startup Boost Weekends, etc.
About PMI Science Armenia
PMI Science is a research center founded by Philip Morris International and is located in Switzerland and Singapore. It focuses on research areas such as Data Science, Technology, Nutrition, Sustainable Agriculture, and Governance, among others. The research center aims to support the research and education system in Armenia by collaborating with over 125 Armenian researchers. It has over 121 graduate students and over 40 apprentices from the Aspirantura program.
About Armenia Startup Academy
Armenia Startup Academy is an entrepreneurship and startup education programme aiming to prepare companies to raise their pre-seed rounds and expand to global markets through its Pre-acceleration and Traction programmes. The Academy was launched in October 2017 with the support of the “Support to SME Development in Armenia” (EU-SMEDA) Project within the EU4Business initiative. Since then, the Armenia Startup Academy has mentored 266 entrepreneurs from 112 startups with the ongoing assistance of 100+ high-profile professionals. The programme alumni have already raised more than €8M in the form of grant financing, VC, and angel investments.
Videos
Interview with Francis Malige, EBRD Managing Director
Armenians Commemorating 106th Anniversary of Genocide
Biden Under Pressure to Recognize Armenian Genocide - KTLA 5 News
Governance and Oversight Capacities Account for Our Bank's Robust Management System - Philip Lynch, Independent Board Member at Ameriabank
'Mr. President, It Is Now in Your Power to Right Decades of Denial' - US Congressman Adam Schiff Urges Joe Biden to Recognize Armenian Genocide
Armenians of Nagorno-Karabakh in Despair After Trauma of Military Defeat - France 24
Interview with Kakhaber Kiknavelidze, an Independent Member of Ameriabank Board of Directors
Only Terrorists Keep Hostages, Putting Forward Preconditions for Their Release - Edmon Marukyan
Rep Adam Schiff Says Congress Should Recognize Artsakh
UN's Guterres Issues Global Appeal to Make 2021 'Year of Healing'
NASA's Mars 2020 Perseverance Rover Landing Animations
Azerbaijan Uses Prohibited Phosphorus Chemical Munitions - Defense Army Video
Artsakh Defense Army Units Neutralizing Azerbaijani Arms Supplies
Artsakh Defense Army Units Neutralizing Azerbaijani Drone
Nagorno-Karabakh's Status Has Been At the Heart of Our Approach - Zohrab Mnatsakanyan
Artsakh Defense Army Releases Video Featuring Damaged Azerbaijani Military Equipment
Artsakh Defense Army Units Inflicting Manpower Losses on Azerbaijan
Gas Pipeline Damaged in Azerbaijani Fire Targeting Nagorno-Karabakh's Capital
President Armen Sarkissian Meets Emmanuel Macron at Élysée Palace
Artsakh Defense Army Neutralizes Azerbaijani Military Hardware
Artsakh Defense Army Units Neutralizing Azerbaijani Military Infrastructures
President Armen Sarkissian Meets with NATO Secretary-General in Brussels
Buildings and Homes Lying in Ruins in Nagorno-Karabakh's Capital After Azerbaijani Shelling
Artsakh Defense Army's Precision Fire Gives Deadly Blow to Enemy
Artsakh Defense Army Units Destroying Azerbaijani Tank
Zohrab Mnatsakanyan: Ceasefire Does not Mandate Azerbaijan to Kill Civilians and Hit Civilian Settlements
Armenians Protest Outside Turkrish Embassy in Los Angeles
Losses in Azerbaijan's Military Featured in Defense Army Footage
Artsakh Defense Army Neutralizing Adversary's Transport Column
Turkey openly backs Azerbaijan 'far more aggressively than in the past' - ABC News on Syrian mercenaries fighting in Karabakh
Iconic Armenian Church Hit in Azerbaijani Attacks in Nagorno-Karabakh City (photos)
Artsakh Defense Army Continues High-Precision Strikes
War Situation in Karabakh on European Parliament's Agenda
Call for Urgent Action: Armenian Journalist Brings Intn'l Colleagues' Attention to Situation iin Artsakh After Azerbaijani Attacks
Turkey's Support to Syrian Mercenaries Fighting Against Artsakh: Facts About Azerbaijani Aggression
Nagorno-Karabakh's Capital Under Azerbaijani Strikes
Armenian Armed Forces Neutralize Azerbaijani Defense Positions
ArmenianTroops Destroy Azerbaijani Armored Fighting Vehicle on Frontline
There is a solid evidence that Azerbaijan has launched a thoroughly planned attack on the NKR
EU calls for Immediate End to Hostilities over Nagorno-Karabakh
- 15:20 • 24.05.21 Interview with Francis Malige, EBRD Managing Director
- 11:39 • 24.04.21 Armenians Commemorating 106th Anniversary of Genocide
- 09:40 • 23.04.21 Biden Under Pressure to Recognize Armenian Genocide - KTLA 5 News
- 15:34 • 22.04.21 Governance and Oversight Capacities Account for Our Bank's Robust Management System - Philip Lynch, Independent Board Member at Ameriabank
- 14:09 • 21.04.21 'Mr. President, It Is Now in Your Power to Right Decades of Denial' - US Congressman Adam Schiff Urges Joe Biden to Recognize Armenian Genocide
- 12:37 • 03.04.21 Armenians of Nagorno-Karabakh in Despair After Trauma of Military Defeat - France 24
- 17:33 • 11.03.21 Interview with Kakhaber Kiknavelidze, an Independent Member of Ameriabank Board of Directors
- 17:57 • 26.01.21 Only Terrorists Keep Hostages, Putting Forward Preconditions for Their Release - Edmon Marukyan
- 13:33 • 22.01.21 Rep Adam Schiff Says Congress Should Recognize Artsakh
- 09:42 • 29.12.20 UN's Guterres Issues Global Appeal to Make 2021 'Year of Healing'
- 18:41 • 24.12.20 NASA's Mars 2020 Perseverance Rover Landing Animations
- 13:33 • 31.10.20 Azerbaijan Uses Prohibited Phosphorus Chemical Munitions - Defense Army Video
- 16:37 • 30.10.20 Artsakh Defense Army Units Neutralizing Azerbaijani Arms Supplies
- 11:25 • 28.10.20 Artsakh Defense Army Units Neutralizing Azerbaijani Drone
- 13:45 • 24.10.20 Nagorno-Karabakh's Status Has Been At the Heart of Our Approach - Zohrab Mnatsakanyan
- 11:51 • 24.10.20 Artsakh Defense Army Releases Video Featuring Damaged Azerbaijani Military Equipment
- 11:40 • 24.10.20 Artsakh Defense Army Units Inflicting Manpower Losses on Azerbaijan
- 10:39 • 24.10.20 Gas Pipeline Damaged in Azerbaijani Fire Targeting Nagorno-Karabakh's Capital
- 12:41 • 23.10.20 President Armen Sarkissian Meets Emmanuel Macron at Élysée Palace
- 12:16 • 23.10.20 Artsakh Defense Army Neutralizes Azerbaijani Military Hardware
- 12:02 • 22.10.20 Artsakh Defense Army Units Neutralizing Azerbaijani Military Infrastructures
- 10:35 • 22.10.20 President Armen Sarkissian Meets with NATO Secretary-General in Brussels
- 10:51 • 17.10.20 Buildings and Homes Lying in Ruins in Nagorno-Karabakh's Capital After Azerbaijani Shelling
- 15:09 • 15.10.20 Artsakh Defense Army's Precision Fire Gives Deadly Blow to Enemy
- 13:13 • 13.10.20 Artsakh Defense Army Units Destroying Azerbaijani Tank
- 12:56 • 12.10.20 Zohrab Mnatsakanyan: Ceasefire Does not Mandate Azerbaijan to Kill Civilians and Hit Civilian Settlements
- 12:23 • 12.10.20 Armenians Protest Outside Turkrish Embassy in Los Angeles
- 17:23 • 09.10.20 Losses in Azerbaijan's Military Featured in Defense Army Footage
- 15:53 • 09.10.20 Artsakh Defense Army Neutralizing Adversary's Transport Column
- 14:11 • 09.10.20 Turkey openly backs Azerbaijan 'far more aggressively than in the past' - ABC News on Syrian mercenaries fighting in Karabakh
- 15:52 • 08.10.20 Iconic Armenian Church Hit in Azerbaijani Attacks in Nagorno-Karabakh City (photos)
- 10:57 • 08.10.20 Artsakh Defense Army Continues High-Precision Strikes
- 14:24 • 07.10.20 War Situation in Karabakh on European Parliament's Agenda
- 19:31 • 05.10.20 Call for Urgent Action: Armenian Journalist Brings Intn'l Colleagues' Attention to Situation iin Artsakh After Azerbaijani Attacks
- 16:17 • 04.10.20 Turkey's Support to Syrian Mercenaries Fighting Against Artsakh: Facts About Azerbaijani Aggression
- 12:39 • 04.10.20 Nagorno-Karabakh's Capital Under Azerbaijani Strikes
- 13:49 • 03.10.20 Armenian Armed Forces Neutralize Azerbaijani Defense Positions
- 10:12 • 29.09.20 ArmenianTroops Destroy Azerbaijani Armored Fighting Vehicle on Frontline
- 23:42 • 28.09.20 There is a solid evidence that Azerbaijan has launched a thoroughly planned attack on the NKR
- 18:45 • 28.09.20 EU calls for Immediate End to Hostilities over Nagorno-Karabakh
Most popular articles Today Yesterday For a week
-
Politics 12:27 • 14/05 I encouraged the two countries to maintain momentum in peace discussions, for the benefit of the people. OSCE Chairman-in-Office “Recently announced border demarcation agreement with Armenia is a step in the right direction. Encouraged the two countries to maintain momentum in peace discussions, for the benefit of the people,” he wrote.
-
Event 11:15 • 15/05 Trump's Boeing 757 clipped corporate jet at West Palm Beach airport - source Former U.S. President Donald Trump's private Boeing 757 clipped another corporate jet while taxiing at West Palm Beach International Airport in Florida on Sunday, a source familiar with the incident said on Tuesday.
-
Economy 14:18 • 14/05 “Capital markets have a crucial for economic development.”: Grigori Zakaryan As for the prospects, I think the development of Armenia’s capital market will depend on a significant increase in the number of new issuers and issues, and on how the process of bringing companies to capital markets turns out.
-
Law 15:01 • 17/05 Pro-Kurdish leader Demirtas gets 42 years in prison A Turkish court on Thursday sentenced Selahattin Demirtas, the former leader of the pro-Kurdish People's Democratic Party, or HDP, to 42 years in prison for his alleged role in deadly protests in 2014 that were triggered by an Islamic State attack on the Syrian Kurdish town of Kobani.
-
Event 12:26 • 17/05 Тhe Vardanyan family call on representatives of the international community to demand for Ruben Vardanyan's and the 22 other Armenian prisoner unconditional release For eight months, the Azerbaijani authorities have flouted international law and human decency by keeping Ruben incarcerated without trial and without any proper process.
-
Economy 17:26 • 17/05 Armeconombank has successfully accomplished about 120 projects with international institutions by attracting funds equivalent to about USD 640m. Astghik Manrikyan Currently the Bank cooperates with almost all leading financial institutions, and it managed to accomplish about 120 successful projects aimed at the development of micro, small and medium enterprises.
-
Event 12:50 • 17/05 Ucom Celebrates Telecommunication Day The International Telecommunication Union today is a United Nations (UN) agency that coordinates the use of global radio frequencies, advancing telecommunications infrastructure worldwide, and fosters the development of technical standards on a global scale.
Politics
-
10:21 • 09.05.24 Lukashenko congratulated the RA President
Law
-
19:14 • 30.10.23 Conductor Sergey Smbatyan Acquitted
Economy
-
19:13 • 16.05.24 Armeconombank and EBRD Signed USD 10m Agreement
-
12:08 • 07.05.24 ARMECONOMBANK's statement regarding the Freedom House report
Event
-
17:08 • 16.05.24 “Get Started”: An educational platform for young startuppers
Science/tech
-
14:18 • 08.05.24 AstraZeneca withdrawing Covid vaccine worldwide