We aim to create employment opportunities and foster private sector development in Armenia

upcoming events View All Events+


EAVE on Demand Producers Workshop in Armenia 2018

SMEDA is supporting the EAVE on Demand Producers Workshop in Armenia 2018, aimed at producers, both fiction and documentary, who are interested in developing their feature film project during a 3-day intensive training program from April 12 to 16, outside of Yerevan.



Hackathon-Innovative ideas for tourism development in Armenia

A hackathon on "Innovative ideas for tourism development in Armenia" is coming soon initiated by Vanadzor Technology Center together with Enterprise Incubator Foundation, State Tourism Commitee and Lori Regional Administartion, and supported by EU4Business "Support to SME Development in Armenia" (SMEDA) project. Register for participation at, by March 29, 6:00 PM.


Armenia will be represented at Hannover Messe 2018

SMEDA supports four Armenian Precision Engineering and IoT companies, namely RAFA Solutions, Bitlis-MEN, Volterman Inc. and Grovf and several representatives of Free Economic Zones and the Ministry of Economic Development and Investments of Armenia to be part of this year's Hannover Messe 2018 trade fair under a joint stand, followed by a roadshow in German companies among which the famous Autostadt Volkswagen. 



Activity Highlights VIEW ALL Activities+


2nd cycle of Innovation Matching Grants launched

The 2nd cycle of the Innovation Matching Grants competition for innovative technology start-ups is launched and open until April 03, 2018. The grants scheme is supported by the EU4Business SMEDA project in partnership with the Enterprise Incubator Foundation (EIF).  All relevant details for the call for applications were announced on March 14, 2018 at a press conference. Watch the life stream of the press conference here:



Business Club for Fashion & Design - a new platform for Armenian designers

The Business Club for Fashion and Design has become a reality thanks to the efforts of a group of young Armenian designers from the Fashion and Design Chamber jointly with the Business Club for Impact, supported by EU4Business Support to SME Development in Armenia SMEDA project. The club will serve as a platform for the development of the fashion and design cluster. 


Getting Ready for Hannover Messe 2018

What are the business do-s and don’t-s in Germany, the business etiquette and ways to interact with and attract potential partners and investors? These and similar topics revealing the  German business culture were under discussion led by Martin Reinfeldt‏, international expert specialised in organisational development, at an “enlightening” training organised by SMEDA  for the Armenian Delegation prior to heading to  Hannover Messe 2018


Armenia Startup Academy Demo Day showcased successful early-stage startups

On February 3 2018, Armenia Startup Academy with its pre-acceleration programme held its first Demo Day in Yerevan, during which 11 startups showcased their projects. The acceleration programme is being financed by EU4Business SMEDA and implemented by Catalyst Foundation. EU is actively supporting the development of the Armenian tech ecosystem. 


SME Statistics to be improved and harmonised

With an objective to improve and harmonise SME statistics in Armenia with international and EU standards, and upscale capacities of the National Statistical Service of the Republic Armenia (NSSRA) in that regard, SMEDA has supported two missions with Lithuanian and Danish experts who have worked with the respective  NSSRA staff to reveal where the agency stands on 1) SME statistics and estimation of GDP or GVA by size; and 2) statistics on structural business and indicators on sole proprietorships.  


The first round of BMO Academy launched

The first round of the 3-week BMO Academy has launched today. Around 13 participants representing Armenian Business membership organisations with SMEs as members, were present to learn the international best expertise on how to become an efficient organisational unit that supports, guides and advises SMEs.  


Press Conference to Announce Eave on Demand Producers' Workshop in Armenia

The Press Conference held on January 10, 2018 aimed at announcing broadly about the Eave on Demand Producers' Workshop in Armenia 2018. The initiative is supported by SMEDA project targeting producers, both fiction and documentary, who are interested in developing their feature film project during a 3-day intensive training program from April 12 to 16, outside of Yerevan. 


SMEDA's Activities in 2017

SMEDA has implemented numerous activities in 2017 within its five main result areas and beyond  to support & promote SMEs, Startups, Innovation, Precision Engineering, Free Economic Zones, Technoparks, Creative Industries, Regional development, and many more as highlighted in this video:


Armenia Startup Academy officially launched

The Armenia Startup Academy (ASA) was officially launched at the Hero House and is now contributing to the Startup Ecosystem of Armenia. The initiative is supported by SMEDA and implemented by Catalyst Foundation aiming to boost the startup ecosystem and bring the Armenian startups to the next level. With the help of a team of advanced mentors, advisers, instructors and entrepreneurial assistants it offers a pre-acceleration programme to guide tech companies and startup teams through the process of customer development using advanced tracking methodologies and instruments. 



Startups learnt story-telling for successful crowdfunding campaigns

SMEDA has organised a 4-day training for 12 selected startups interested in crowdfunding techniques. With an expert from UK based Tom Fleming creative consultancy they were introduced to the journey that businesses need to go on to successfully achieve funding, with a particular focus on gearing up for crowdfunding, learning how to promote, raise interest and eventually obtain investments and funding for their innovative products and services, ideas and solutions. 


Demo Day for Startups

On November 30, 2017 the Business Angel Network Armenia (BANA) held an event supported by SMEDA with the aim of bringing together Business People and selected Armenian Startups. During this invitation-only Investor Demo Day, 10 high-profile Armenian Startup-ups presented their businesses to 15 experienced business persons, potentially interested in investing in promising companies.



‘’Change mindset’’ and ‘’show your potential!’’- IT to boost Armenia's economy

150 young people from the regions of Armenia got together with representatives of the government and international organisations to participate in the “Empowering Regions Through High Tech” conference in Gyumri on 17-18 of November 2017.



Bizprotect to help Armenian Businesses

The film is an introduction to Bizprotect platform created to help Armenian small and medium businesses to protect their rights. It is an anonymous reporting tool for businesses enabling them to report any kind of violations, corruption risks and unfair treatment they may encounter during their business operations. SMEDA encourages Armenian businesses to use it widely and follow up with their rights just like the featured businesses in the film.


Bizprotect platform officially introduced

The official presentation of the Bizprotect platform aimed at announcing about the unique tool developed for the Armenian small and medium businesses (SME) to help them protect their rights against all kinds of violations, corruption risks and unfair treatment they may encounter during their business operations.


Business Innovation Forum 2017 has kicked off to shape Armenia's Innovative future

The 5th  Business Innovation Forum has kicked of on November 10th, 2017. It gathered the main stakeholders of the Innovation, IT and High Tech sectors to discuss the key areas highly important for the development of the economy in Armenia, such as Digitization, Research & Development, Innovation Strategy, Education & High-tech, Intellectual property and Information Security. 



Press Conference to Announce Business Innovation Forum

The 5th Annual Business Innovation Forum (BIF) will be held under the slogan "Step Forward into The New Reality”.  BIF will take place on November 10-11 in Dilijan.  SMEDA is supporting the Business Innovation Forum as innovation is an important aspect for SME development, with the Forum offering a good possibility for discussion of innovation, digitalisation and IT topics with different stakeholders from public and private, research and science sectors.  


Armenian Journalists learn Creative Writing techniques

A dozen local Armenian journalists from online, broadcast and print media attended a four-day workshop (October 19 - 22) to learn about creative news writing and news gathering from a UK journalist. The training was tailored to Armenian journalists who regularly report on economic, business, innovation and startup issues, and the goal was to help boost the local journalists’ business reporting skills with a mix of theory and practical exercises.



FEZ development under SMEDA's focus

Within SMEDA’s focus areas, and more specifically SMEDA’s commitment to support the development of clusters, techno parks and free economic zones (FEZ) in Armenia leading to  sustainable economic development of the country, SMEDA has organised the second workshop on free economic zones on October 4, 2017 following the initial one held on August 8, 2017. 


Press Conference: Armenia Startup Academy

October 3, 2017, Yerevan Armenia: The press conference held today announced the launch of the Armenia Startup Academy, a pre-acceleration programme commencing as of October 16, 2017 by Catalyst Foundation. The programme intends to develop the Armenian startup ecosystem and is designed for startups who are at the so called “pre-seed stage”, aiming at helping them to upgrade their skills and scale-up to local and global markets.



Precision Engineering highlighted at DigiTec EXPO 2017

DigiTec EXPO 2017 has officially kicked off today gathering over 150 companies presenting high-tech, IT, and innovative products and solutions, some of them quite new to the market but with significant growth potential. This year a special section was devoted to the sector of Precision Engineering for the first time, which is defined as a priority sector for development by the RA Government. This was made possible by the Support to SME Development (SMEDA) Project. Hence, 9 companies and institutions presenting the Armenian PE were given the opportunity to present their products and solutions to the technology world.



Armenian-Iranian Nano-tech Forum

The first Armenian-Iranian Nanoscience and Technology Forum took place in Yerevan, Armenia on September 22-23, 2017. The Forum focused on high-tech and innovation policies, presentation of nano-tech products, equipment, commercialisation experience, along with discussions on potential directions for cooperation between Armenian and Iranian institutes and companies. As such it has resulted in the signing of three Memoranda of Understanding between Armenian and Iranian companies, namely: New Plast CJSC and Arya Polimer Pishpam Company, Azad Pharmaceuticals and Eksir Nano Sina Company, Tonus Les and Eksir Nano Sina.


Armenian Startup Academy Berlin

15 Armenian surprising startups  participated at the Armenian Startup Academy Berlin (ASAB), which took place from September 3-10, 2017 in Berlin.  ASAB included 4 days of intensive trainings on investor readiness, business modeling, pitching, marketing and sales,   individual meetings with potential   partners, clients, and investors.  

Find out more on the programme here
Find out more about the Startups here
Booklet about participants at ASAB 2017 here!  



Armenian Startup Night in Berlin

The Armenian Startup Night organised in the frame of the Armenian Startup Academy Berlin (#ASAB) turned into a true success. The 15 surprising Armenian startups were presented to representatives, investors and guests of the German startup and innovation ecosystem. The audience discovered the dynamic Armenian startup world and learned about true potential for successful cooperation to follow.


Armenian designers @ Mercedes-Benz Fashion Days

With SMEDA's support, 12 Armenian designers  participated at the Mercedes-Benz Fashion Days held in Kiev, Ukraine from August 31 to September 3, 2017 and presented the Armenian fashion culture internationally, through the unique garments collections inspired by Armenian spirit and cultural elements.  

More information about the participating designers may be found here!


Armenian Designers to present Armenia at Fashion Week in Kiev

SMEDA’s team leader Eva Naeher and Armenian designers Vahan Khachatryan and Aram Nikolyan were at the Public TV today to talk about the participation of 12 Armenian designers at the Mercedes Benz Fashion Days to be held in Kiev, Ukraine from August 31 to September 3, 2017.



Sevan Startup Summit has kicked off

July 25, 2017 – The first sessions of Sevan Startup Summit kicked off today gathering more than 70 Armenian startups at the beautiful shores of Lake Sevan. The first panel focused on the importance and role of startups, opportunities and motivations for the development of the ecosystem in Armenia and beyond. The panelists, with Peer Priewich (SMEDA), Christian Schellenberger (Berliner Strategen) Ashot Arzumanyan (Smartgate VC), Vahan Kerobyan ( and  honorary guest H.E. Matthias Kiesler, Ambassador of Germany to the Republic of Armenia, shared their insights and experiences with Armenian startups. 


Training on Design Thinking

SMEDA has organised a Design Thinking training for the representatives of  Armenian Startup ecosystem aiming to enhance their capacities by introducing them to User-centered thinking methods, based on customer needs. The participating mentors and trainers for startups learnt new and creative methods and approaches to design and build prototypes that are based on customer needs through innovative research processes.   


Launch of the National Competitiveness Report of Armenia 2017

The "National Competitiveness  Report of Armenia 2017" focusing on the Fourth Industrial Revolution, the global spread of disruptive technologies and their complex impact and emerging opportunities for Armenia, was launched on July 14, 2017 at Tumo Center for Creative Industries. The report has been prepared by EV Consultng and Economy and Values Research Center with the support of  SMEDA project within the EU4Business initiative, as well as the Asian Development Bank and OSCE.  



Promoting Stronger and Independent BMOs in Armenia

On July 12, 2017 SMEDA hosted a Round Table for representatives of Business Membership Organisations (BMOs) to present the final report on the mapping of BMOs in Armenia conducted for SMEDA, Support to SME Development in Armenia Project. 




Energy Talks for Businesses: Renewable Energy and Energy Efficiency in Armenia

The EU Energy Days was concluded by the “Energy Talks for Businesses: Renewable Energy and Energy Efficiency in Armenia”, organised jointly by the European Business Association and the Support to SME Development in Armenia (SMEDA) Project. The forum was aiming at raising the awareness on the importance of energy efficiency and renewable energies for small and medium sized enterprises and presenting the international best practices that could benefit the Armenian economy.  



Info Day Session on Armenian Startup Academy Berlin (ASAB)

On June 28, 2017 SMEDA organised an Info day session for Armenian startups interested in the  Armenian Startup Academy Berlin (ASAB), which will take place from September 3-10, 2017 in Berlin. The participants were provided with first-hand guidance and advice from SMEDA’s experts, received answers to their inquiries and learnt about necessary steps on filling in and submitting complete applications to SMEDA to be considered for the ASAB.




Memorandum of Understanding Signed to Partner for Sevan Startup Summit

The “Support to SME development in Armenia”  (SMEDA) Project  has signed a MOU for the partnership with the Startup Armenia Foundation, Small and Medium Entrepreneurship Development National Center of Armenia (SME DNC), and Global AM NGO. 


Start of EFQM’s “Journey to Excellence - Quality Management” for SME DNC

SMEDA has organised a training on EFQM’s “Journey to Excellence - Quality Management” for the staff of the SME DNC Armenia Foundation. This training is developed by EFQM (European Foundation for Quality Management, based in Brussels) and adapted to the


15 talented Armenian Startups receive support to realise their innovative projects

On May 5th the winners of the application process for Innovation Matching Grants (IMG) and Science and Technology Entrepreneurship program (STEP) grant schemes were announced - as a result of 2-day pitching events where the 38 shortlisted startup teams


Venture Forum: Innovation Matching Grants Pitching

The Innovation Matching Grants Pitching event with 24 great Armenian innovative start-ups.

Investment event: Nurturing innovative growth in Armenia

Nurturing innovative growth in Armenia- Support and financing opportunities for innovative SMEs and startups

28-04-2017 website launched and operational

The website has been officially launched. It is an innovative web tool for gathering information from the businesses ensuring their privacy to make corresponding analysis of the main impediments for businesses, identify the corrupt

Surprising Armenian Startups @ Startup Olé in Salamanca, Spain

Ten Armenian technology-based startup founders and representatives enjoyed their exclusive chance to participate at the Startup Olé 2017 event, held in the historical Hospederia Fonseca, University of Salamanca, Spain, on April 26-27, 2017.


Final networking event of CCI Industries

Final networking event of Cultural and Creative Industries (CCI) in Armenia, following mapping activities with four round tables on CCI-s