Sevan Startup Summit has kicked off

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25-07-2017

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 (menu.am) and  honorary guest H.E. Matthias Kiesler, Ambassador of Germany to the Republic of Armenia, shared their insights and experiences with Armenian startups. 

H.E. Matthias Kiesler mentioned that he was glad to be part of the summit, which the German Government, through the Support to SME Development in Armenia project, implemented by GIZ and co-funded by the EU and BMZ, is supporting. He noted that SMEs are the backbone for development of the economy and Armenia should follow the success of Germany and western countries by encouraging the growth of SMEs and innovative startups.

 “Young people should be motivated and learn from each other, they should have perspectives for the future and never give up their bright ideas, they are the brain of this country, which has limited natural resources. But with young people full of visions and innovative ideas it is quite possible to create another Silicon Valley success right here in Armenia” - noted H.E. in his encouraging speech to the excited participants.

The Summit provides an extensive agenda with various panel discussions, workshops such as creativity and design thinking, business models, prototyping, perfect pitching to name a few. These sessions are followed by campathons, campfire pitches and talks, battles and various awards at the closing ceremony to be concluded by a grand beach party on Sunday, July 30th.

 About Sevan StartUP Summit: Sevan Startup Summit 2017 is held from July 24 - 31.

This year the key partner of Sevan Startup Summit is the “Support to SME Development in Armenia” (SMEDA) Project, which is co-funded by the European Union and the German Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ Private Sector Development in South Caucasus Programme. SMEDA is part of the EU4Business and EU4Innovation initiatives of the European Union.

70 startups and 30 developer teams are participating and competing for more than $40,000 prize funds. Furthermore, approximately $200,000 will be invested in startups by angel investors and VCs.

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