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.
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