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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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πŸš€ Exciting Opportunity for Armenian Tech Innovators! πŸš€

The Ministry of High-Tech Industry of Armenia announced that applications are now open for VivaTech 2024, that will be held in Paris, France, from May 22 to 25, 2024.

🌟 Why You Should Apply:
- Network with global tech leaders and innovators.
- Showcase your products and solutions to an international audience.

πŸ“… Deadline: March 25, 2024

The Ministry will cover the costs of exhibition space, construction, and entry. Participants will need to cover their travel and accommodation expenses.

πŸ‘‰ Apply Here: https://hightech.gov.am/hy/vivatech-application

https://t.me/threenstartups

#mthi #vivatech2024 #armeniantech #innovation #event #networking #expo #applynow
🌱 Exciting News! 🌱

Granatus Ventures has invested in the seed round of Sparxell, a UK-based developer of high-performance, sustainable, plant-based pigments.

Other notable investors include The Circular Innovation Fund, SpaceX-backer Future Communities Capital, and more, all supporting Sparxell's innovative mission.

"As a University of Cambridge spin-out, we were delighted to connect with Granatus Ventures through the Cambridge ecosystem. Granatus shares our ambition to make a meaningful contribution to the sustainability of our planet, and I look forward to working with the Granatus team as we scale our impact,” said Dr. Benjamin Droguet, Sparxell Founder & CEO.

Sparxell's plant-based pigments offer a compelling solution to environmental challenges posed by traditional chemical colorants.

Congrats to Granatus Ventures and Sparxell!

It's exciting to see an Armenian VC fund backing an international startup 🌟

https://t.me/threenstartups

#sustainability #innovation #successstory #granatusventures
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πŸŽ‰ Investor Connect in LA: A Day of Innovation and Networking!

STAN and Triple S Ventures organized The Investor Connect in LA on May 23 at HIRECLOUT's office in Woodland Hills.

🎀 Opening Speeches

The event kicked off with a welcome from STAN Angel, Founder & CEO of HIRECLOUT Avetis Antaplyan. It was followed by speeches from Avag Simonyan and Ruben Osipyan.

🎯 Panel - "Angel, VC, and Startup Perspectives on Investing"

The panel featured:
- Ari Baranian (YC W23), Co-Founder & CEO at Pirros
- ZarΓ© Baghdasarian, Venture Partner at Triple S Ventures
- Seline Karakaya, Founder & Managing Director at Excelerate Global, STAN Angel

πŸš€ Pitching Session

Following the panel, the event hosted a pitching session with these startups:

Docus, VisibilityOne, StarsHunt AI, Beyond the Runway, BrandLens, okood, Dowork AI, Denovo Sciences, Cifora, Quiltt

πŸŽ‰ Stay tuned for more exciting updates!

https://t.me/threenstartups

#investorconnect #la #startups #innovation #networking #angelinvestors #pitching #event
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Picsart partners with Getty Images! πŸ¦„

Picsart, the photo-editing startup backed by SoftBank, is teaming up with Getty Images to develop a custom AI model for its 150 million users! 🌟

πŸ”Ή Exclusive AI Imagery: Unique and commercially usable images with Picsart's new AI model, built from Getty Images' licensed content.

πŸ”Ή Safety & Innovation: The new AI model ensures safe creative tools, addressing concerns around AI-generated images and copyright issues.

πŸ”Ή API Access: Built by Picsart's AI lab, PAIR, and accessible via Picsart's API services.

"This partnership enables commercially usable AI-generated imagery from a world-class brand," said Picsart CEO Hovhannes Avoyan.

https://t.me/threenstartups

#picsart #gettyimages #ai #innovation #successstory
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πŸ”ˆ For Research and Educational Institutions, Technological Organizations, and Big Data Analysts!

The Institute for Informatics and Automation Problems (IIAP) of the National Academy of Sciences of Armenia and the Enterprise Incubator Foundation, supported by the Ministry of High-Tech Industry of Armeniaoffer free access to the "Aznavour" supercomputer in the Engineering City throughout 2024.

πŸ’‘ Key Features:

- 24,480 cores
- 39 TB memory
- 1.5 PB storage
- Infiniband FDR interconnect
- Peak performance of 861.7 teraflops/second

Perfect for:

πŸ”¬ Life Science
🌍 Earth Science
πŸ”­ Physics
πŸ’‘ Engineering
🧠 Data Science
πŸ“Š Computer Science
🎨 Art and Creative Technologies

Elevate your projects and research with this powerful tool. Apply here πŸ‘‰: https://anscc.sci.am/?page_id=141

https://t.me/threenstartups

#hpc #bigdata #supercomputer #research #innovation
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πŸš€ Ucom Fellowship Incubation Program by Impact Hub Yerevan! 🌱

Are you an innovator with a passion for technology and environmental sustainability? This program is designed to nurture early-stage projects that integrate these fields.

Get expert mentorship, workshops, and access to Impact Hub’s ecosystem to turn your ideas into impactful solutions.

πŸ—“ Application Deadline: August 12, 2024, 23:59 (Armenian Local Time).

Apply now to transform your vision into reality and compete for a 500,000 AMD award!

πŸ‘‰ Apply Here: https://docs.google.com/forms/d/e/1FAIpQLSflrBtQAQ57KrRq0vQfnwJjKQdJxcW_vVlREj2t3qjbXgi5cw/viewform

Find more details here: https://yerevan.impacthub.net/ucom_fellowship/

https://t.me/threenstartups

#innovation #sustainability #impacthubyerevan #ucomfellowship #entrepreneurship
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Grant Opportunity for Armenian startups!

Apply for the "Market Entry" grant from the "Idea to Business" program run by the Ministry of HTI!

Winners can get an equity-free grant of up to 10M AMD ($25K) to launch your product.

Application deadline is September 16, 2024, at 4 PM GMT+4.

πŸ‘‰ Apply here: https://armeps.am/epps/cft/listContractDocuments.do?resourceId=10628112

https://t.me/threenstartups

#startup #grant #armenia #tech #innovation #business #funding #mhti
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A Global Acceleration Program Comes to Armenia! 🌟

The Ministry of High-Tech Industry starts a collaboration with Plug and Play.

In the scope of collaboration a 26-week program will be launched to empower Armenian startups. This program will offer consultation services, capacity building, business development, innovation support, and one-on-one mentoring.

Notably, Plug and Play's investment fund previously invested in a number of startups with Armenian founders such as Aarki (exited to Skills), SuperAnnotate and ModicusPrime.

Glad to see that the initiative started by the previous leadership of the ministry was successfully continued and implemented by the new leadership team.

We hope to hear more news coming out from this partnership. Can't wait to see program's impact on the Armenian startup ecosystem πŸ‡¦πŸ‡²πŸš€

https://t.me/threenstartups

#plugandplay #innovation #startupecosystem #mhti #finally
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πŸ’‘TCF Armenia announces "Innovate Armenia" competition
The β€œInnovate Armenia” invites innovative thinkers from across Armenia to present their groundbreaking ideas and projects. This pan-Armenian initiative by TCF aims to bring innovation and develop products that can compete in international markets. The goal is to encourage innovation in Armenia and create physical products that are competitive in global markets.

Participants are required to submit:

βœ… A background story of the idea,
βœ… A complete and detailed description of the product, including sketches and diagrams,
βœ… Market research and a development plan,
βœ… An explanation of what makes the project unique and worthy of becoming a real product.

❕Both, individuals and teams from all over Armenia are welcome to participate. The application deadline is October 31.

πŸ”ŽMore details: https://tinyurl.com/428u3skn
πŸ”—Apply: https://tinyurl.com/3e8chmf7

#TCFArmenia #InnovateArmenia #Innovation
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Good news for the Armenian startup community!

The National Assembly has approved a law on "State Support for the High-Tech Sector" with several important changes.

The package envisions providing over $80 million in annual support to technology sector companies in terms of tax benefits covering income tax, corporate tax, and turnover tax. Beneficiaries include micro, small, medium, and large businesses, as well as relocated and subsidiary companies, branches, and other legal entity divisions. Sole entrepreneurs are also eligible beneficiaries.

Here's what's new:

1) Boosting R&D: Resident companies paying corporate profit tax can reduce taxable income by 200% of salaries paid to R&D specialists.
2) Incentives for Hiring New Talent: Companies hiring new employees will receive 60% of the new employee’s income tax as state support for three years.
3) Turnover Tax Reduction: Entrepreneurs and high-tech companies with turnover of up to $280k/year (AMD 115M) will benefit from a reduced tax rate of 1% (vs 5%).
4) Support for Relocants (Work Migrants): Starting Jan 1, 2026: 60% income tax reimbursement to relocants. For 2025: Same support extended to companies employing them.

Sources: Vice President of National Assembly Hakob Arsakhyan - See original post here and Advisor to VP of NA Sergey Muradyan - See the post here

#PolicyUpdates #StateSupport #Incentives

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🀝 USA and Armenia Sign Charter on Partnership and Cooperation

On January 14, 2025, the United States and Armenia signed a Charter on Partnership and Cooperation. For us a significant highlight of the document is its mention of collaboration in innovation and technological advances, signaling the potential for Armenia to further engage in cutting-edge developments and global tech ecosystems.

We look forward to seeing more actionable collaborations initated by this document.

πŸ“„ Source: Ministry of Foreign Affairs of Armenia

#Innovation #Technology #Science

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πŸ”₯ Join 3N to stay on top of startup news!
πŸš€ Women TechEU Call for Startups is Now OPEN!

Source: Women TechEU LinkedIn Post and Website

Women TechEU is a 2-year EU-funded initiative aimed at empowering women leading deep tech startups across Europe.

Who Can Apply?
β€’ Early-stage deep tech startups founded or co-founded by women in top management roles (CEO, CTO, etc.).
β€’ Women must hold at least 25% of the shares at the time of application.
β€’ Startups must be registered in an EU Member State or Horizon Europe Associated Country (Armenia is included!).
β€’ Startups should be 6 months to 8 years old as of the submission deadline.

What’s on Offer?
β€’ €75,000 equity-free grant
β€’ Access to business support services
β€’ Opportunity to be among the 160 selected startups

Application Deadline: March 17th, 2025 (17:00 CET, Brussels Time)
Apply Now: https://womentecheurope.eu

#WomenTechEU #Startups #EquityFreeFunding #Innovation

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