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Plug and Play is already in Armenia: 10 Armenian startups will travel to Silicon Valley
... between the Ministry of High-Tech Industry of Armenia and Plug and Play, selected as a result of a competition, was concluded on August 15, 2024. Some 336 million drams were allocated for conducting the competition. The platform will provide technological startups with consulting services, assistance in business development and networking, as well as personalized mentorship. Out of 119 startups, 20 were selected to participate in the program. Why is this important? "The goal of the program is to ...
11/01/2024Venture capital: the most exciting investments
... financing of potentially breakthrough companies structured? Who is suited to this investment model? What are its advantages and disadvantages? We answer these questions in this article. YEREVAN, 22 October. /ARKA/. The rise of technology startups attracts the attention of a wide audience. The stories of young developers competing with corporations sometimes seem cinematic. An image of an innovative ultra-profitable business is being shaped, and many investors want to become part of it ...
10/22/2024Novosti-Armenia news agency recognized the best at the first Armenia Digital Awards in three nominations
... time in Yerevan on September 27. Armenia Digital Award was created to recognize the successes of Armenian companies and specialists in the process of digitalization. Among other things, websites, social media, mobile applications, online stores and startups were nominated for the contest. The votes of both professional jury and ordinary users were taken into account when summarizing the results of the contest. About Novosti-Armenia news agency Novosti-Armenia has been operating in Armenia since ...
09/30/2024Analysing the company: a guide for the investor
... investment will pay off relatively quickly. DPR - the ratio of dividends paid to net income. A high DPR means that shareholders receive good payouts. Dividend policy depends on the company's activity and type of securities. For example, technology startups that issue growth stocks prefer to invest profits in development rather than share them with investors. In contrast, stocks of companies from stable sectors are often dividend-paying. They avoid serious downturns, but are less promising. Return ...
09/12/2024Ardshinbank Strong Partner of Seaside Startup Summit 2024 for 2nd year
... /ARKA/. Ardshinbank is once again participating as a Strong Partner at the Seaside Startup Summit 2024 camping business forum. This year, the event is being held from July 21 to 27. The purpose of the forum is to unite entrepreneurs, investors, and startups in one place, creating an effective business environment for our region, supporting the development of local startups, and ensuring sustainable cooperation between ecosystem participants. The forum provides a prize pool, educational programs,...
07/23/2024Silicon Mountains 2024 Shirak Forum held at Gyumri Technology Center
The Gyumri Technology Center hosted the Silicon Mountains 2024 Shirak forum YEREVAN, July 9. /ARKA/. The Gyumri Technology Center hosted the Silicon Mountains 2024 Shirak forum, bringing together various companies, startups, and specialists interested in digital solutions to promote balanced technological development across Armenia. During the forum, the CEO of ACBA Federation participated in the panel discussion "Startups in the Regions," sharing the ...
07/09/2024Armenia Digital Award: what projects are eligible to apply
... business that has an online presence. You can nominate a website, mobile app, or an online store. We consider online stores separately because we want to evaluate not only the website itself, but also the entire customer experience. You can also nominate startups, innovative products with artificial intelligence, and online advertising campaigns. You can nominate professionals who are involved in digital marketing or e-commerce in companies so that the market learns about them and they get their recognition....
06/24/2024Regulation of cryptosphere according to European model is not in Armenia's interests - Web3 Armenia co-founder
... has adopted a draft law aimed at combating cybercrime. It also aims at partial regulation of the cryptocurrency sphere. “On the one hand, there are models used by major economies - the US, Singapore and the UAE, which allowed large companies, IT startups and international players to enter the market and operate on a legal platform, making investments, paying taxes, minimizing money laundering risks and attracting cryptocurrency users. On the other hand - the European Union this year approved ...
04/26/2024Investment products: basic concepts, features of instruments, pros and cons
... unsuccessfully and go bankrupt, and require very large funds, often tens and hundreds of millions of dollars. These are handled by venture capital funds and wealthy investors. However, it is also possible to invest in companies that look for promising startups with the goal of merging with them and going public. Some large banks create funds for this purpose, where any private investor can buy shares. Hedge funds are a structure that invests in a variety of assets and instruments, such as stocks, real ...
01/24/2024Armenia takes investors by storm, inhaling up to 90% of venture capital money in the South Caucasus region - Innotechnics report
... to mention the large BANA Angels network that seeks ways of backing tech newbies and sharing knowledge and experience with them. The Armenian angel investors have also formed what they call The Syndicate to facilitate access to the country’s best startups by international angel investors. "Kazakhstan and Uzbekistan trailed a bit behind Armenia in the number of deals - but not much: 30% and 25% of all the deals in the region, respectively. The average investment per deal, however, was perceptibly ...
12/04/2023FINTECH360 international conference held in Yerevan with the support of Unibank
... business lines, digital customer profile and how to build onboarding of banking product customers and retain them for a long time, UI/UX of digital products, current trends in investment technologies, venture capital and the new generation of technology startups, as well as mobile applications for investment and development of brokerage services. Shalva Meladze, President of Kwikpay payment system, in his speech presented the prospects of development of product lines of payment systems and the possibilities ...
11/02/2023About 200 representatives from different countries to take part in FINTECH360 in Yerevan
About 200 representatives of leading banks, payment systems, fintech companies, startups, specialized associations from Armenia, Georgia, Belarus, Moldova, Kazakhstan, Kyrgyzstan, Poland, Tajikistan, Russia, China, UAE and Uzbekistan, will take part in the international conference FINTECH360, scheduled to take place in Yerevan on ...
10/23/2023International FINTECH360 conference will be held in October in Yerevan
... YEREVAN, September 14. /ARKA/. The international FINTECH360 conference will take place on October 26-29, 2023 in the capital city of Armenia - Yerevan. About 150 the senior-level executives from banks, money transfer companies, payment platforms, Fintech startups, specialized associations, and financial regulatory body representatives will have engaging discussions about trends in the digital transformation of the financial sector, and future technologies, as well as best practices for integrating innovations ...
09/14/2023Armenian venture capital community and banks have a good understanding of what the cryptocurrency industry is all about, says Binance CIS regional director
... that we are very interested in the market. We are grateful to Armenia for the way we are welcomed, the way we are treated, and the interest the local community shows in the crypto industry. ARKA - You mentioned that you have been approached by local startups and projects that would like to cooperate. Is Armenia promising in this regard, taking into account the fact that the government's strategic goal is to turn the country into an IT center of the region? Vladimir Smerkis - We don't close ourselves ...
09/07/2023Armenian rank second among founders of U.S.-based unicorn companies with immigrant participation
Ethnic Armenians rank second among founders of unicorn companies in the United States with immigrant participation. YEREVAN, August 10. /ARKA/. Ethnic Armenians rank second among founders of unicorn companies in the United States with immigrant participation. According to the National Foundation for American Policy, the majority of private unicorn startups in the U.S. worth more than $1 billion have at least one immigrant founder. According to the statistics, India ranks first, with immigrants from this country having founded 66 unicorn companies, followed by Israel with 54 companies. Immigrants ...
08/10/2023Ardshinbank becomes partner of Sevan Startup Summit 2023
... 23-29 on the shore of the Lake Sevan and will bring together entrepreneurs, investors, and startuppers from around the world. The key objective of the summit is to create an effective business environment in the region, support development of the local startups and establish stable cooperation between the participants of the ecosystem, the bank said in a press release. The Forum is held in the format of tent city and involves various forms of communication: educational programmes, business negotiations,...
07/22/2023Investment attractiveness of Armenia will be presented at Orion Summit 2023 in New York
... attractiveness of Armenia, as well as introduce a number of investment projects. "We highly appreciate the government’s efforts to strengthen Armenia’s position as an investment-friendly and promising country, as well as to encourage investments in startups and innovation. For our part, we constantly present proposals to the government and the private sector in order to develop the Armenian investment field in line with advanced regulations,” said Emma Arakelyan, CEO & Founder of Orion Worldwide ...
05/24/2023The first “Doing Digital” Forum will be held in Yerevan
... into the latest trends in cryptocurrencies, the Metaverse, and NFTs, examining their potential benefits and associated risks. The event is open to all interested in digital transformation, including business leaders, IT professionals, entrepreneurs, startups, investors, government officials, PR, marketing, and sales executives. Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy, with assets exceeding AMD 1 trillion. In the course of digital ...
03/13/2023Binance on cryptocurrency market regulation in Armenia: "We think there's no need to re-invent the wheel".
... Are there any start-ups in Armenia that you have already started cooperating with or are planning to start working with after you enter the market? Should we wait for Armenian cryptocurrencies to be listed on Binance? Olga Goncharova - Speaking of startups, we have Binance Labs, a division and gas pedal of Binance Venture Capital, which aims to identify and support the most promising and innovative Web3 projects. The Binance Labs as a whole is designed to empower blockchain entrepreneurs, organizations,...
03/13/2023Armenia becomes new global platform for relocated foreign nationals
... needed for professional immigration and repatriation, which is of strategic importance for Armenia," he said. Chobanyan stressed that relocation of foreign IT specialists to Armenia last year resulted in the emergence of an unprecedented number of startups. -0-
01/25/2023Investment projects for creation of 'dry port' and District techno hub in Gyumri discussed
... that need to consolidate customs processes. According to the business platform ‘Invest in AM’, the District techno hub project is estimated at $20 million. According to different sources, investments will be made in the creation of more than 50 startups in IT, retail and tourism areas.-0-
12/15/2022A branch of international Impact Hub network opens in Syunik (video)
... villages, in their surroundings, and by staying in their communities, develop their ideas, make their community stronger," said Acba Federation Director General Harutyun Poghosyan. "We started this project a year ago. The idea to help and develop startups in Goris excited us. It is very important that the Acba Federation also finances this project and supports the best ideas," said Frank Hess, Minister-Counselor at the Delegation of the European Union to Armenia, Head of the Cooperation Department....
11/08/2022YSU biologists have obtained organic fertilizer from coffee waste
... Using coffee waste, young biologists have created organic fertilizer stimulating crop growth. One of the tasks of MiCoFe startup is to obtain valuable materials from waste recycling. With this in mind, the startup took part in the AgriTech agricultural startups competition and took the first position. They established new connections: the startup became a beneficiary of “Innovative Agriculture Support” program of ACBA Federation and took part in the one-year business incubation program carried out ...
10/26/2022International conference FINTECH 360 will be held in Yerevan November 2-5
... news agency. ARKA news agency is the information sponsor of the conference. FINTECH 360 will provide a rich business and cultural program for the participants of the conference- heads of banks, money transfer systems, payment systems, IT companies, startups, representatives of state bodies. The key topics of the conference are. - Customer Journey: labor migrants in the digital age and trends in the money transfer market; - Big Data and artificial intelligence; - Evolution of contactless payments ...
10/17/2022Armenia to host international conference on alternative investments
... conference is to create opportunities for the growth of alternative investment sources in Armenia. At the same time, the forum is one of the important events for the activation of the Digital Julfa Network, in addition to attracting investments for Armenian startups. “Alternative investments have the power of enabling and recharging the economic growth of the countries. It fosters the flow of money into the economy for supporting innovation, increasing productivity, and enabling multi-generational and ...
10/03/2022International FINTECH360 conference will be held in November in Yerevan
... technologies and topical issues on the transformation of financial sectors, Unibank reported. The event will bring together heads of leading banks and financial institutions, payment systems, telecommunications, and IT companies, specialized associations, startups, and regulators on one platform. The conference will be held with the support of “Unibank” OJSC and Unistream Money Transfers. During the FINTECH360 issues related to the development of mobile services and contactless payments, marketplaces ...
09/09/2022Second Buissup Global Forum to take place September 5-11 in Armenian Diliajn
... present themselves to an investor," said CEO of the Association of Armenian Entrepreneurs Gohar Gumashyan. In total, the forum participants are expected to present 50 projects. Buissup Global Forum's Chief Mentor Narek Aleksanyan, in turn, noted that startups will get a chance to present their projects to real investors during the event. He said the projects should be aimed at solving global tasks in order to present them to the whole world. The first Buissup Global Forum was held in Dilijan in September ...
09/02/2022Text`nPayme to represent Armenia at Entrepreneurship World Cup
Two startups will represent Armenia at the international Entrepreneurship World Cup (EWC) competition, one of them being the Text`nPayme that won Buissup Global Forum 2021, the press service of Electric Networks of Armenia reported. YEREVAN, August 30....
08/30/2022Four US-based billion-dollar companies founded by ethnic Armenians are in NFAP ranking
A ranking of immigrant entrepreneurs and US-based billion-dollar- companies compiled by the National Foundation for American Policy (NFAP) includes four startups founded by ethnic Armenians. YEREVAN, August 30. /ARKA/. A ranking of immigrant entrepreneurs and US-based billion-dollar- companies compiled by the National Foundation for American Policy (NFAP) includes four startups founded by ethnic Armenians. They are the ServiceTitan,...
08/30/2022Artur Janibekyan and Seaside Startup Summit co-founders launch Triple S ventures
... Hakobyan and Avag Simonyan, has founded Triple S Ventures, a new international venture capital firm, the Association of Armenian Entrepreneurs reported on its Facebook page. Triple S is active in Armenia and the Armenian Diaspora. The fund’s targets are startups which are at pre-seed or seed stage. Triple S will invest in such areas as Artificial Intelligence (AI), SaaS platforms, Blockchain, Creator economy and Financial Technology (Fintech). The fund is to share experiences internationally and identify ...
08/15/2022Armenian startups have a chance to become "unicorns." Founder of Orion WWI presents facilitation mechanisms (EXCLUSIVE)
... investors, advisors, and professionals in technology, finance, business, and other fields, who discussed a string of issues pertaining to the global IT agenda. Orion Worldwide Innovations (WWI), the organizer of the event, actively promotes development of startups, including Armenian ones. In an interview with ARKA news agency, Orion WWI founder Emma Arakelyan speaks about how startups may become unicorn companies (companies, valued to be worth over $1bln), whether Armenian companies need support and ...
06/27/2022Orion Summit 2022 in Yerevan discusses implementation of ecosystem solutions in Armenia
The Orion Summit 2022 that has kicked off in Yerevan on Wednesday has brought together representatives of technology, financial and other sectors, prominent businessmen, government officials and founders of internationally recognized startups, who will be discussing ecosystem solutions and encouraging their implementation in Armenian companies. YEREVAN, June 22. /ARKA/. The Orion Summit 2022 that has kicked off in Yerevan on Wednesday has brought together representatives of ...
06/22/2022Ameriabank joins Orion Summit 2022
... creation and development of ecosystems in Armenia, we readily joined the Summit to highlight the importance of it as well as to share our expertise in building a set of digital ecosystems and solutions. Orion supports the development of independent startups while we create a startup environment and establish startups right within the company. And now we are joining efforts to highlight Armenia's digital potential. At the same time, by participating in the Summit, we want to emphasize the need for ...
06/17/2022Higher education system in Armenia is tailored for an economy that ceased to exist- Ayb School founder (EXCLUSIVE)
... end the demand for the higher education system is formed by the economy. ARKA- In the context of youth, there is a question about start-ups - how conducive is the environment in Armenia to their development? How promising and competitive are Armenian startups in the world? Pakhchanyan - Many of our startups are quite competitive, because they have been focused on the global economy from the very beginning, as the market in Armenia is very small. As for an environment that is conducive to the creation ...
06/13/2022Iranian house of innovation to open in Armenia
... Russia, Turkey, China, Syria, and Kenya, and Iraq will soon join them. By supporting innovative ideas, and holding technological and innovative events, the centers will be a platform for the development and promotion of Iranian knowledge-based companies, startups, and creative industries. The centers are mainly formed with the investment and support of the private sector to provide the necessary infrastructure for their exports through the innovation houses. Mehdi Ghalehnoei, an official with the vice ...
06/01/2022Communications Now and Tomorrow: Why You Need It!
... there is a vast potential there. However, the sector is also facing internal and external communications problems, and we are trying to offer targeted solutions. DEEM has been exploring the peculiarities of the sector while working with companies and startups in telecommunications and software development, as well as the Internet providers. ARKA- What is strategic communications and how does Deem Communications apply it? Armine Zakaryan- Strategy is at the core of any project, any activity. All ...
03/23/2022Co-founder of Hay'Li Human Development names 7 reasons for startups to relocate to Armenia
According to Forbes, applications for relocation of tech startups to Great Britain, Switzerland, Luxembourg and Latvia have multiplied in recent days. Boris Fokin, co-founder of Hay'Li Human Development, names 7 reasons why it is better for businesses to relocate to Armenia. YEREVAN, February 28 /ARKA/....
02/28/2022EstateGuru opens technology center in Armenia (photos)
... opportunity to become part of major international projects, which not only increase their personal competitiveness, but also expand their horizons. "Despite the challenges we will face in 2022, the technology startup industry in Armenia is growing. Many startups have made progress over the past year," Kerobyan said. He noted that the ultimate goal is to turn Armenia into a regional center of technological progress. About EstateGuru EstateGuru was founded in 2013 by developers and real estate ...
02/10/2022Converse Bank: funding and additional services for women
... within the framework of the EBRD "Women in Business" program. YEREVAN, August 11, /ARKA/. Converse Bank has launched a campaign within the framework of the EBRD "Women in Business" program. Within the framework of the campaign, startups and operating businesses are offered funding to replenish working capital, acquire fixed assets and repay accounts payable. А grace period is envisaged for startup businesses, the bank said in a press release today. It said the scope of beneficiaries ...
08/11/2021Iranian exhibition in Yerevan to feature high technologies and startups
A two-day exhibition in Yerevan on February 17-18 will be featuring Iranian high technologies and startups, Armenian Ministry of Economy said. YEREVAN, February 17. /ARKA/. A two-day exhibition in Yerevan on February 17-18 will be featuring Iranian high technologies and startups, Armenian Ministry of Economy said. It said the exhibition will ...
02/17/2021Armenian high-tech companies raised $50 million investments in 2020
Armenian startups raised last year $50 million in investments, High Technology Industry Minister Hakob Arshakyan said at a press conference on Tuesday. YEREVAN, February 9. /ARKA/. Armenian startups raised last year $50 million in investments, High Technology ...
02/09/2021Armenian prime minister presents the strategy of transforming the country
... the population number, have one of the top 10 intelligence services in the world, make education a way of life, turn Armenia into a country of high-tech industry, have at least five technology companies worth over $10 billion and 10 thousand operating startups, double the area under forest, win 25 Olympic gold medals. He also said that the Armenian national football team should become the winner of the European or World Championship, that Armenian chess players should win an individual world chess ...
09/21/2020VTB and IIDF are looking for startups for corporate accelerator
... The two previous sets of accelerator have resulted in over 30 pilot projects. Based on the results of the first completed pilot projects about 10 solutions have already been launched or are being prepared for launch into the business environment. All startups that submit applications to VTB accelerator and undergo a preliminary examination will be presented to the bank's key business units. Based on the selection results, at least 20 startups will receive invitations to the bank's accelerator, where,...
07/29/2020Development and Investments Corporation of Armenia may be privatized
... competitive in the market and can actively participate in lending. The minister noted that the National Center for Entrepreneurship Promotion will continue its work, since the government is set to continue providing financial and other assistance to startups and small businesses. The Development and Investment Corporation of Armenia was founded in 2009 with the aim of enhancing entrepreneurship in economic sectors which are of strategic importance by focusing on the proportional development of the ...
06/08/2020Armenian startups may apply for loans worth up to 10 million drams
Armenian startups will be soon able to apply for state loans worth up to 10 million drams, Deputy Economy Minister Naira Margaryan said at a news conference on Monday. YEREVAN, April 27. /ARKA/. Armenian startups will be soon able to apply for state loans worth ...
04/27/2020Fintech 360 conference to be held in Yerevan with Unibank Armenia and Unistream Money Transfers' support
... Yerevan, Armenia, the press office of Unibank reported on Tuesday. The conference is sponsored by the Central Bank of Armenia, Unistream Money Transfers and Unibank Armenia. The executives of banks, money transfer systems, payment systems, IT companies, startups and representatives of the government will discuss how applying innovative technologies will impact the development and promotion of business. YEREVAN, February 25. /ARKA/. Fintech 360 conference will take place on April 28-30 in Yerevan,...
02/25/2020In 2019, government of Armenia awarded customs privileges to 57 companies
... exhibitions of food, shoes, jewelry, as well as in two other exhibitions in China. According to him, the government also assisted 30 winemakers who were able to take part in nine specialized exhibitions. The Minister said the emphasis was placed on promoting startups, in particular, in 2019, training seminars were held for 364 people, of which 81 applied later for state financial guarantees to start a business. ($1 - 479.36 drams). –0--
01/14/2020Entrepreneurs in Italian Lombardy interested in implementing joint projects in Armenia
... Prime Minister Nikol Pashinyan met today with Lombardy Vice Governor Fabrizio Sala and discussed the possibility of implementing joint projects in the field of engineering, high and information technologies, tourism, innovative education and stimulating startups. YEREVAN, November 21. /ARKA/. During his official visit to Italy, Armenian Prime Minister Nikol Pashinyan met today with Lombardy Vice Governor Fabrizio Sala and discussed the possibility of implementing joint projects in the field of engineering,...
11/21/2019Armenian government introducing a new toolkit in 2020 - Nikol Pashinyan
... micro-businesses from taxes. "This shows two main vectors of our efforts: First, we stimulate technological investments in the Republic of Armenia and increase the country’s attractiveness in this respect. In parallel, there is the well-known law on startups, the conditions of which we have improved. On the other hand, as a tool for overcoming poverty, micro-businesses are generally exempt of taxes because our perception remains that there is no other way out of poverty than work. Therefore, if we ...
11/15/2019Armenian government to sell its share in Granatus Ventures
... co-founders are Singapore-based venture investor of Armenian origin Pierre Hennes, head of the consulting company EV Consulting Manuk Hergnyan and technological entrepreneur Yervand Sarkisyan. Granatus Ventures provides investment, expertise and networks to startups worldwide that leverage Armenia's potential as an emerging technology hub. --0—
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