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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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Community meetup with the minister of High-Tech Industry on reshaping the relationship between the Community and the Ministry.

Many of community members criticized the ministry's role in the development of the tech ecosystem, its effectiveness, and activities.

Join the meetup for an open and honest discussion about the challenges and opportunities.

The purpose is to redefine the relationship between the community and the Ministry to unbox strategic direction and collaboration opportunities.

Book your spot here: https://www.eventbrite.com/e/717587382177

Event will take place tomorrow, Sep 13, 2023 at 9am at Ground Zero Specialty Coffee, the first venture cafe in Armenia and the region.

https://t.me/threenstartups

#groundzero #venturecafe #community #ecosystemdevelopment #ministryofhti #mhti #strategy #meetup #event #networking
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The Ministry of High-Tech Industry of the Republic of Armenia announces the start of acceptance of applications for participation in the international exhibition "Mobile World Congress 2024" to be held on February 26-29 in Barcelona, Spain.

πŸ“Œ The Ministry covers the costs of renting and construction of the pavilion, as well as providing access to the exhibition.

The participation form must be filled by November 26, 2023 using the following link: https://hightech.gov.am/mwc-2024-application-form/

πŸ”— Read more here.

https://t.me/threenstartups

#mhti #mwc2024 #expo #networking #businessdevelopment #cofinancing
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Sergey Muradyan, advisor to the deputy speaker of the Parliament announced good news for the ICT ecosystem of Armenia. Yesterday, on Dec 21 2023, the Government approved a legal initiative to extend the operation of the law supporting ICT companies in Armenia…
Tax incentives for newly founded IT companies extended until December 31, 2024, providing relief only in the amount of 10% of income tax.

Some stats from the past years:

- Over 4K companies received the incentive to date
- 5.8K new workplaces have been created
- In 2021, 2022 and 2023 the number of companies getting incentives was growing steadily.
- After a peak growth in 2022 the growth continued in 2023.
- 80% of companies are exporting companies (incl. product companies).
- The average number of employees per company has been reducing during 2021, 2022, 2023 from 9.65 employee in 2021 to 3.54 employees in 2023.

Government plans developing new set of law amendment measures aiming to stimulate the growth of employment in the companies.

https://t.me/threenstartups

#regulations #government #parliament #itsupport #extension #mhti
On the eve of the New Year, Mkhitar Hayrapetyan stepped into the role of the Minister of High-Tech Industry of Armenia.

We would like to thank the former Minister Robert Khachatryan for his service. It was encouraging to witness Mr. Khachatryan at the ceremony, urging the new minister to uphold recent agreements with the high-tech community.

It's a significant gesture, highlighting the Ministry's commitment to collaborating with the community.

We hope to see energy and pro-activity from the new Minister in his role. Armenia's high-tech industry faces challenges. Armenian startups are thriving thanks to the talent of their founders (mostly Diaspora Armenian founders).

Our ecosystem builders and investors made important steps in the past paving the robust ecosystem. Now it is time to contribute a more sizable impact to the local ecosystem. We see a strong possibility for the local ecosystem to serve not only Armenian startups, but also the regional startups from Georgia, Moldova, Ukraine, Iran, and other countries.

Armenia can't match the financial might of oil-rich nations or offer a vast talent pools like larger countries. Our strategy should focus on nurturing talented founders and strengthening ties with the Armenian Diaspora. Smart, effective startup support programs are the way forward.

We believe in establishing robust private-public partnerships, fostering collaboration within the ecosystem, and building deeper connections with Diaspora Founders and Key Opinion Leaders.

Let's act smart and build a stronger tomorrow for our startups and tech community.

https://t.me/threenstartups

#editorial #mhti
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πŸš€ Grant Opportunity for up to 50 startups! πŸš€

🌟 Got a game-changing tech idea? Does it include a strong innovation and solve a real-world problem?

The Ministry of High-Tech Industry of Armenia is offering grants under the From Idea to Business program!

πŸ’‘ Apply for the "Idea Stage" component to receive funding for your startup concept!

πŸ’° Total budget: AMD 250,000,000! Grants up to AMD 5,000,000 per winning startup!

πŸ“… Deadline: May 13, 2024, 16:00. Apply online at ARMEPS procurement platform (in Armenian).

πŸ”— For competition details and application process, visit the Ministry's website (in Armenian).

πŸ“ Competition number: ԲՏԱՆ-Τ΄Υ„-2024/01

πŸ“ž Questions? Contact ministry at 010 590075, 010 590174 or email grants2023@hti.am.

#mhti #techgrant #fromideatobusiness #ideastage
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πŸš€ Grant Opportunity for up to 50 startups! πŸš€ 🌟 Got a game-changing tech idea? Does it include a strong innovation and solve a real-world problem? The Ministry of High-Tech Industry of Armenia is offering grants under the From Idea to Business program! πŸ’‘β€¦
The Ministry of HTI is organizing an info session with the community on the upcoming grant programs.

πŸ“… When: April 25, 17:00
πŸ“ Location: National Polytechnic University of Armenia, 13th building (Teryan 105)

At the meeting the representatives of the Ministry will present the details of two grant programs: "From Idea to Business" and "University-Private Sector Cooperation for Training Specialists".

Book your spot here: https://bit.ly/3vTdp6c

https://t.me/threenstartups

#mhti #techgrant #fromideatobusiness #ideastage
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The Ministry of HTI is organizing an info session with the community on the upcoming grant programs. πŸ“… When: April 25, 17:00 πŸ“ Location: National Polytechnic University of Armenia, 13th building (Teryan 105) At the meeting the representatives of the Ministry…
πŸ“’ Attention: short notice! πŸ“’

The Ministry of High-Tech Industry organizes an info session May 7 at 1:00 p.m. Armenia time to provide support for participation in two grant programs: "Idea to Business" and "University-Private Sector Cooperation for the Training of Specialists". 🌟

This info session will cover everything you need to know about these programs - from their goals and components to application procedures and conditions.

πŸ’Ό Plus, get insights into using the "ARMEPS" system and clarifications on any questions you might have.

πŸ‘‰ Book your spot here

https://t.me/threenstartups

#mhti #techgrant #fromideatobusiness #ideastage
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πŸš€ Global Top Accelerators Wanted! πŸš€

The Ministry of High-Tech Industry of Armenia is launching a grant tender for a 26-week startup acceleration program! 🌟

πŸ”Ž Eligibility Criteria:

- Must rank in the top 10 globally for successful startup exits.
- Minimum of 7 years in operation.
- Portfolio includes at least 5 unicorn organizations.
- At least 10 successful acceleration programs completed.
- Mentors with 7+ years in business/project management, technical, marketing, high-tech activities, and teaching. Experience in at least 3 programs with 5+ startups. Fluent in English.

πŸ’° Budget: Around 870K USD (336,000,000 AMD)

πŸ“… Deadline: July 8, 2024

πŸ”— Find more details here: https://shorturl.at/qQAWC

https://t.me/threenstartups

#mhti #globalaccelerator #accelerationprogram #grant #finally
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πŸš€ Applications for Neruzh2024 Diaspora Tech Startup Program are NOW OPEN! πŸš€

The program is for you if you are an early-stage startup offering innovative tech solutions and at least half of your founders are Diaspora Armenians.

Why Join Neruzh?

- Attend a transformative 6-day Bootcamp
- Get a grant to fund your project development

πŸ—“ Application Deadline: June 30

Find more details here: https://neruzh.am/en/

πŸ‘‰ Apply Here: https://gust.com/programs/neruzh-5-0

https://t.me/threenstartups

#mhti #neruzh #neruzh5 #neruzh24
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πŸš€ Grant Opportunity Alert!

The Ministry of High-Tech Industry of Armenia announces the "Market Entry" grant competition!

πŸ’‘ Goal: Funding companies to launch their products into the market, creating new value in high-tech or solving modern challenges with technology.

πŸ’Έ Up to 10,000,000 AMD per winning company (~$25K)!
πŸ’° Total Budget: 290,000,000 AMD

πŸ“… Apply by August 15, 2024, 16:00 GMT+4
πŸ”— Apply at: www.armeps.am
πŸ“ See details and application guidelines here (in Armenian).


πŸ“ž For more info: Call +374 10 590075, +374 10 590174 or email grants2023@hti.am

Don't miss out on this chance to take your innovation to market! Apply now! πŸš€

https://t.me/threenstartups

#mhti #grant #applynow
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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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πŸŽ‰ A Major Milestone for Armenia’s Startup Ecosystem!

Yesterday marked a significant moment for Armenia’s tech scene as startups from the first-ever batch of Plug & Play’s International Acceleration Program in Armenia took the stage! πŸš€

The OutOfScope Telegram channel put together a great startup mapping, breaking down the verticals and technologies showcased at Demo Day.
πŸ‘‰Check it out here.

πŸ‘ Congratulations to the Ministry of High-Tech Industry and Plug & Play teams for making this happen! And hats off to the startups who pitched their innovations- we look forward see the next success stories emerge from this batch.

Looking forward to more game-changing programs by Plug & Play in Armenia! πŸ”₯

#PlugAndPlay #Acceleration #DemoDay #Startups #Ecosystem #StartupEcosystem #MHTI

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$4 Million USD Government Funding Approved to Strengthen Armenia’s Startup Ecosystem! ⚑️

The Minister of High-Tech Industry of Armenia just announced that at today’s session, Government of Armenia approved a 3 year contract with Plug and Play Tech Center accelerator! The long-term collaboration with Plug and Play aims to ensure stable growth and development of Armenia’s startup ecosystem. Over the next three years, Plug and Play will establish a permanent branch in Armenia to run incubation, pre-acceleration, and acceleration programs, paving the way for our innovators to compete globally.

Congrats to all of us on this important step ahead. Special thanks to the team of the MHTI led by the deputy minister Ruben Simonyan on making this happen.

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#Armenia #StartupEcosystem #PlugAndPlay #EcosystemBuilding #MHTI #GovernmentSupport
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πŸš€ AI Virtual Institute Launched!

The Minister of Hight-Tech Industry of Armenia announced the official launch of the AI Virtual Institute in partnership with Amazon Web Services (AWS) and Mistral AI. The AI Virtual Institute is an initiative of the Ministry to encourage open innovation, empower AI innovators, founders, researchers, and tech builders.

The contribution of AWS and Mistal AI will be as follows:

- AWS: technical expertise of AWS Solutions Architects, training resources, and best practices
- Mistral AI: Access to Mistral's AI platform, free access to APIs for selected laureates.

For the selected startups and researchers, the Institute will provide an AI marketplace and tailored support to increase exposure and bring their solutions to markets.

Stay tuned for the call for applications coming soon: https://ai.gov.am/

#Armenia #StartupEcosystem #AIVirtualInstitute #EcosystemBuilding #MHTI #GovernmentSupport

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πŸš€ Plug & Play's Incubation Program in Armenia!

In the scope of the partnership with the Armenian Ministry of High-Tech Industry, Plug & Play announces a 4-months incubation program in Armenia.

During the program, the participants will get support and personalized mentorship. The program offers a unique opportunity for startups from Armenia to grow, attract venture capital investments, and strengthen their presence in global markets.

Application deadline: September 30, 2025
Find More Details & Apply: https://www.plugandplaytechcenter.com/locations/yerevan

#PNPTC #PlugAndPlay #IncubationProgram #MHTI

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πŸš€ Plug & Play's Incubation Program in Armenia! In the scope of the partnership with the Armenian Ministry of High-Tech Industry, Plug & Play announces a 4-months incubation program in Armenia. During the program, the participants will get support and personalized…
Dear Community:

This is a kind reminder that the deadline for this program is approaching.
Hurry up to submit your application by Sep 30, 2025

Plug & Play is a global leading acceleration program.
This might become a game changing opportunity if you just starting.

#PNPTC #PlugAndPlay #IncubationProgram #MHTI
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Empowering Diaspora Tech Startups: Applications Open for Neruzh 6.0! The Ministry of High-Tech Industry of Armenia has launched Neruzh 6.0, a program designed to support diaspora-led technology startups. Eligibility: - Diaspora Armenians who have lived abroad…
πŸ† Meet the Winners of Neruzh 6.0!

Source: Ministry of HTI

The Ministry of High-Tech Industry of Armenia, together with Plug & Play Tech Center Central Asia & Caucasus, has concluded the 6th edition of Neruzh in Tsaghkadzor.

After 6 days of intensive work, 32 selected teams pitched their projects, and 6 winners were announced across two categories:

Growth Stage Winners
πŸ”Ή New NΓΆrm – 30M AMD ($72K) - AI-powered mental health platform
πŸ”Ή BeautyOS – 20M AMD ($48K) - Salon & stylist service management
πŸ”Ή Optimyzee – 10M AMD ($24K) - Google Ads campaigns opmtimizer platform

Idea Stage Winners
πŸ”Ή Patn’Pat – 15M AMD ($36K) - cleantech, environmental solutions
πŸ”Ή Taos – 10M AMD ($24K) - healthtech, insurance tech
πŸ”Ή Beasy – 5M AMD ($12K) - fintech platform for SMBs & freelancers

πŸ‘ Congratulations to all winners!

#Neruzh #Diaspora #MHTI

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