On January 25, 2022, at 8 PM AMT Armenia Startup Academy will hold a Digital Demo Day to showcase the 8 startup graduates of its Traction Programme Batch 2. The 12-week mentorship-based programme aiming to help companies at a post-prototype stage to accelerate their growth and raise their first or follow-on rounds was launched earlier in September 2021. The programme is implemented by Catalyst Foundation supported by the European Union’s EU4Business “Innovative Tourism and Technology Development for Armenia” (ITTD) project implemented by GIZ. Viva-MTS, Armenia’s leading mobile network operator, joins the initiative as a corporate partner and supporter, the company said in a press release on Tuesday.
The 8 startups offering innovative solutions in EdTech, FinTech, Media, InfoSec, Pharmaceuticals, and HealthTech have worked intensively with high-profile experts from international companies including Zynga, Dave, Fyber, CARFAX, on Sales, Growth Hacking, and Fundraising strategies. Throughout the past 12 weeks, the teams managed to secure international sales with US-accredited universities, biotech laboratories, launched refined versions of their products on IOS and Android platforms, experienced an average of 70% increase in user base, and got accepted to international accelerators such as TechStars. Up to 5 startups from the batch will be awarded Seed Stage Grants of €50K provided by the EU-ITTD project.
Alina Shahnazari, Traction programme coach and co-founder of Agile Clouders, a product consultancy in Los Angeles, says, “I joined the Traction programme to work with passionate and creative founders on product and product-led growth. I am truly impressed by the quality of the founding teams and their passion for building amazing startups in Armenia”.
The Demo Day featuring 8 graduate startups will be live-streamed on the Hero House YouTube channel on January 25 at 8 PM AMT.
Everyone interested is welcome to register on Eventbrite to get the access link. Investors willing to be connected with founders following the Demo Day can register with the “Investor Pass” ticket. Additional instructions will be sent via email. Pre-registration, which will be open until Demo Day, is mandatory.
About the European Union
The Member States of the European Union have decided to link together their know-how, resources, and destinies. Together, they have built a zone of stability, democracy, and sustainable development whilst maintaining cultural diversity, tolerance, and individual freedoms. The European Union is committed to sharing its achievements and its values with countries and peoples beyond its borders.
About EU4Business Innovative Tourism and Technology Development for Armenia Project
The EU4Business “Innovative Tourism and Technology Development for Armenia'' project is co-funded by the European Union and the Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by German Development Cooperation GIZ through the Private Sector Development and TVET South Caucasus Programme. The project is part of the EU4Business initiative of the European Union. It aims at the creation and further development of investable and innovative ventures in Armenia leading to stronger and competitive tech and innovation ecosystems with potential export orientation, increased number of Science2Business2Education cooperation platforms, and higher participation in HORIZON 2020 and HORIZON Europe innovation programmes.
About Viva-MTS
Viva-MTS (MTS Armenia CJSC) is Armenia’s leading telecommunications operator, ha...
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