Memorandum of Understanding Signed to Partner for Sevan Startup Summit
June 14, 2017: 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. With this agreement the Support to SME Development in Armenia (SMEDA) Project – co-funded by the European Union and the German Federal Ministry for Economic Development and Cooperation, implemented by GIZ under the EU4Business and EU4Innovation Initiatives – will support the Sevan Startup Summit in 2017. The Sevan Startup Summit serves as an important initiative to further strengthen the startup support in Armenia. The summit offers a great opportunity to startups to present their business ideas and further improve them with the assistance of mentors, experts, trainers and peers. This exchange and networking are important for startups to learn and improve their business plans and to market their ideas starting at very early stage. This will help strengthen the Armenian entrepreneurial ecosystem and improve the performance of startups in general. Mrs. Eva Naeher, Team leader of SMEDA, mentioned: “Our objective and hope for Sevan Startup Summit are to strengthen and to provide helpful business advise to Armenian startups. We are very happy to collaborate with the Startup Armenia Foundation, SME DNC and GlobalAM NGO.” Sevan Startup Summit 2017 will host more than 1000 participants and have a more intensive educational, practical and entertainment schedule this year. The prize fund of Sevan Startup Summit 2017 comprises $40,000, which can form an important financing part for Seed Stage and Early stage startups. Enlargement of the partnerships in 2017 creates new perspectives for the Summit.
Armenia will be represented at Hannover Messe 2018
SMEDA supports 4 Armenian Precision Engineering and IOT companies, namely Rafa Solutions(http://rafasolutions.com/), Bitlis-MEN (www,bitlismen.com), Volterman Inc. (www.volterman.com) and Grovf (www.grovf.com); several representatives of Free Economic Zones: Alliance FEZ (www.fez.am), Meridian FEZ (meridianfez.com) and Meghri FEZ (www.meghrifez.am); Gyumri Technology Center (www.gtc.am) and Vanadzor Technology Center (www.vtc.am), the Union of Precision Engineering Enterprises (www.upee.am) 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.
Recent activities VIEW ALL Activities+
From April 12-15, 2018 the EAVE on Demand film producers' workshop was held in Yerevan. The workshop was aimed at the selected Armenian producers of feature films who during the intensive training had a chance to enhance their know-how on contemporary methods and techniques applied in Europe, UK and Israel in feature film production starting from the basic planning, selection of topics, and script writing to acquiring funds, and forming strong film producers' unions.
The second part of the hackathon continued with sessions on Tourism perspectives in Armenia, Tourism as a sector of opportunities, Competitive analysis, product-market fit, pricing, and go-to-market and B2B sales and objection handling to equip the competing teams with better understanding of the sector. The sessions were conceived so that teams learn about how to advance their business knowledge as their business ideas. In the meantime, the teams focused on developing their ideas and prototypes for 24 hours. After intense internal discussions and hard work within the 49 teams, they were ready to pitch their ideas and prototypes in front of the jury on April 8, 2018.
The hackathon aimed at generating innovative ideas for tourism was launched on April 7, 2018 in Vanadzor Technology Center (VTC) – located at Armenia’s Lori Region. Around 50 young and enthusiastic teams gathered at VTC to compete around innovative and ingenious ideas that could be turned into models and embedded into regional tourism development. The idea is supported by the European Union and Armenian Government and thus, EU-SMEDA project partnered with VTC and Enterprise Incubator Foundation to make this happen.