Armenia's startup landscape is ablaze with innovation and growth. The startup scene is characterized by a close-knit community of enthusiastic entrepreneurs, investors, and a plethora of support services, all of which are geared towards accelerating startup success. In this article, we have compiled a comprehensive list of Armenia's startup incubators and accelerators. They have been subdivided into applicability for startups in their 'ideation' or 'launch' stages, so you can take a pick at one that suits you best!
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FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN ARMENIA
Ideation Stage Startup Incubators in Armenia
The complete list of ideation phase incubators in Armenia:
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder
Need to have an idea: Yes
Focus: Education
The Káits Social Innovation Incubator program is a pioneering initiative that aims to enable Teach For Armenia graduates to promote meaningful change in public education via innovative projects. The program provides mentorship, initial funding possibilities, and a platform for participants to use their teaching expertise to co-create and implement student- and teacher-led innovation ideas that have the potential to scale.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: AgriTech, Defense Tech, Industry Tech, Space Tech, Clean Tech, Bio Tech, EduTech, FinTech, FoodTech, GovTech, MedTech, Smart Cities, Tourism
The "Neruzh" Diaspora Tech Startup Program, sponsored by the Ministry of High-Tech Industry, aims to promote economic growth and advance the startup ecosystem by promoting professional repatriation and harnessing the worldwide Armenian diaspora. The program invites roughly 40 teams from across the world to attend a 6-day event in Dilijan, where they may collaborate and learn about the advantages of doing business in Armenia. Startups that match the qualifying requirements will receive funds totaling up to 30 million AMD, as well as exclusive personalized mentorship and the opportunity to establish a presence in Armenia for at least one year.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: ICT
The Microsoft Innovation Center Armenia (MIC Armenia) is critical to the development of Armenia's growing startup ecosystem, offering prospective entrepreneurs a wide range of programs, mentorship, and funding opportunities. The center's projects include a wide range of activities, such as training programs, acceleration initiatives, and assistance for social entrepreneurship, all aimed at stimulating technology innovation and social impact. MIC Armenia's multimodal strategy helps entrepreneurs to build new ideas, acquire capital, and receive visibility on both local and international platforms.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
IRIS Business Incubator, funded by the European Union, acts as a catalyst for the growth of Syrian-Armenian and local businesses by offering a broad range of business support services. Founded in 2019, the incubator has three major programs - SPARK, BUILD, and START - that target people and SMEs at various phases of their entrepreneurial journey. Their services include professional training, coaching, mentorship, and access to grant and loan financing, all with the goal of promoting long-term growth for future generations of entrepreneurs.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Catalyst Foundation, created by SmartGateVC's founding partners, leads game-changing programs to boost the Armenian startup ecosystem with the necessary skillsets and a pipeline of qualified enterprises. One of its prominent programs, the Armenia Startup Academy, offers critical knowledge and expertise, hence creating a favorable climate for the formation of internationally competitive technology firms. They also organize a pre-acceleration program that focuses on clarifying internal and external factors, developing the market, preparing for market validation, and becoming investor-ready.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology
The Enterprise Incubator Foundation (EIF) in Armenia is committed to promoting technological advancement, innovation, and business growth in the IT industry. Founded in 2002, the foundation provides assistance in company growth, marketing, and promotion, as well as management and start-up formation. Furthermore, EIF offers financial assistance to entrepreneurs at various stages, giving crucial expertise, mentorship, and growth opportunities.
Launch Stage Startup Incubators and Accelerators in Armenia
The complete list of launch phase incubators and accelerators in Armenia:
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder / Early startup with a team
Need to have an idea: Yes
Focus: Creative
Artbox, established by Creative Armenia and sponsored by the European Union, is a comprehensive creative incubator and accelerator that aims to push the frontiers of the Armenian creative economy. This hallmark program includes four unique initiatives: Incubator, Accelerator, Hub, and Entrepreneur, all focused at providing innovators with the necessary skills to build successful and sustainable enterprises. Artbox is redefining Armenia's cultural landscape by providing practical, strategic, and long-term support, bringing innovation and sustainable growth to the creative sector while also making the experience accessible to all Armenian artists
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
The Armenia Startup Academy, a program by Catalyst Foundation, strives to improve the Armenian startup ecosystem by providing companies with the knowledge, experience, and networks required for global success. The Academy's pre-acceleration and traction programs take entrepreneurs from the prototype stage to global market growth, creating an environment in which internationally competitive technology firms may thrive. The program provides a rigorous curriculum, coaching from industry experts, access to a special co-working space, and networking opportunities to ensure that firms are investor-ready.
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder / Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
The Entrepreneurship and Product Innovation Center (EPIC) at the American University of Armenia is a comprehensive platform dedicated to promoting entrepreneurial education, cross-disciplinary collaboration, and startup venture incubation. It functions as an ecosystem for aspiring entrepreneurs, offering cutting-edge facilities, workplaces, programs, events, and a network of professional mentors, advisers, and investors. EPIC organizes a number of entrepreneurial initiatives, including the STRIVE pre-incubation program and the EPIC incubator, which guide and assist Armenia's emerging entrepreneurs.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Armenia's Founder Institute program is a rigorous and organized accelerator that aims to transform startup ideas into financially viable enterprises. The program provides ongoing coaching and feedback from experienced mentors and investors through a series of growth sprints and weekly feedback meetings. Graduate startups have access to a series of advanced accelerator programs, continuing assistance from the Silicon Valley team, important partner and service discounts, and other benefits that are free and unique to Founder Institute alumni firms for life.
Closing Thoughts on Joining a Startup Accelerator or Incubator in Armenia
These programs, along with others, demonstrate Armenia's commitment to cultivating a vibrant startup environment and promoting innovation across all industries. Joining an incubator or accelerator in Armenia provides an unprecedented opportunity for startups to harness mentoring, resources, and networking opportunities, establishing a strong foundation and accelerating their path to success.
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