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.
The event was a successful start towards a Business Angel Network in Armenia, a platform for Armenian Business People to put investment in Armenian companies and generating mutual value. The BANA gives the opportunity to build a network and together sustainably strengthen the in-country investment climate. With the help of such a network, investors can get together, meet high-profile companies and may diversify their investments and thus enhance the possibility for creating value - through investments as well as through mentorship for the companies.
“BANA creates an ecosystem, a network where the validity of a startup-idea can be proven and everyone can learn from each other. If we support Armenian companies in terms of internationalisation, this will help the overall Armenian economy” Gevorg Poghosyan, Founder of Global AM, highlighted.
Speaking of the potential investors, Chus Lozano, who himself created a Business Angel Network in Madrid, emphasised: “Invest in a Startup, where you can add value. Only then you will be a smart investor, a Business Angel.” So besides capital investment, Maurice Backend Verwee from Crosspring VC, speaks of expertise, network, and experience that are also essential for a startup’s success.
Winners of the 2nd cycle of Innovation Matching Grants to be selected soon
The final stage of EU-supported Innovation Matching Grants competition (IMG) will be held on June 29, 2018 from 10:00 to 19:00, at Vanadzor Technology Center (VTC). The 16 shortlisted startups who have undergone the process of pre-selection, excessive trainings and mentorship will participate at the final competition aimed at supporting business development and innovation and will present their innovative ideas to the jury.
FlyFest 2018 - an amazing aircraft show is coming up!
An amazing aircraft show full of speed, colors and breathtaking flight tricks - the FlyFest 2018- is coming up on July st in Gyumri, Armenia, supported by EU through its Support to SME Development in Armenia (EU-SMEDA) projcet. The festival is aiming to promote the expansion and development of model aircraft sports and tourism in the regions of Armenia through modern engineering solutions.
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The first-ever Fashion Forum was held in Yerevan, Armenia from June 2-4, 2018 bringing in fresh re-start and aspiration to the fashion world of Armenia. It united Armenian designers under one roof to exhibit their most sleek, elegant and glamourous sets to the fashion gurus, trend-setters, guests and general public. Truly, dozens of dazzling dresses, layered pieces and stylish outfits were showcased in Aram Khachaturian house-museum created by 50 talented Armenian designers from Armenia and diaspora coming from Germany, France, Lebanon, Syria, Ukraine, US and Russia.
New startup bids to become the most favorite one for the people who feel uneasy at the kitchen and for the gourmets who prefer a variety of tasty meals every day. This application is called Cookmenu, a new venture offering various recipes with the ingredients you have at home.
''This is substantial assistance, especially for the women who are unable to cook anything in the kitchen. This application is for those who are getting married and can’t cook except, for example, fried potatoes. So, we suggest all of them use our application,'' said Narine Manukyan, the founder of Cookmenu.