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.
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