The aim of the grant scheme is to promote technology start-ups in their product and business development, to accelerate the development of product and businesses, and to trigger additional investment.
The Seed Stage grant scheme requires a matching mechanism from the private sector (50% co-financing of €100,000 grant projects). This will ensure the risk sharing mechanism and encourage the crowding-in of investors, business angels and seed venture capitalists. The grant scheme targets the development of industrial prototypes, start production/manufacturing, market validation, product launch and go-to-market.
The competition is open to successful graduates from the Armenia Startup Academy Traction Programme. Attaching a grant to the start-up programme aims to increase the overall competitiveness of the programme and contributes to the faster development of the Armenian start-up ecosystem. Furthermore, the grants will allow the founders to utilise the momentum created during the programme, intensify the results of the programme, and use the grant funding as an anchor to raise additional investments.
All interested candidates need to send a complete application package before September 24, 2020
We use cookies on this site to improve your website experience, to enhance site navigation and analyse site usage. By clicking “Accept all cookies” you consent to our use of cookies.
You can find out more about which cookies we are using or adjust your cookie settings in the Cookies policy.
Functionality Cookies
Functionality cookies, which are essential to the functioning of the website. These cookies also which help us measure the website’s performance and improve your experience, as well as remembering any settings you might have selected.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
Advertising/targeting cookies
Advertising/targeting cookies, which we use to track user activity and sessions so that we can deliver a more personalized service, and (in the case of advertising cookies) which are set by the third parties with whom we execute advertising campaigns and allow us to provide advertisements relevant to you. These are optional cookies and users can choose to opt out at any moment.