Grants “From Idea to Business” Grant Program

January 9, 2024by Samvel Gevorgyan

– The goal of the program is to create an entrepreneurial ecosystem in Armenia that plays a key and significant role in the development of the innovation system.

– The program provides funding and other resources to start-up technology companies and research groups to commercialize their ideas and create new value in the economy. In particular, grant competitions will provide start-up companies with funding at the idea and growth stages to ensure product development and market access.

Target group
– Tech startups in the idea and growth stages.

Additional information
– Companies-winners of the competition will have the opportunity to participate in an incubation program that will help them work on their idea, develop a minimum viable product and move on to the next stage of development.
– After the successful completion of the incubation phase, these companies will be ready to receive funding in the form of a grant to enter target markets and build a client base.
– It is planned to allocate a maximum of 5 million drams at the idea stage grant competition.
– As part of the grant competition, at the stage of entering the market, companies will be provided with no more than AMD 10 million.
– Companies-winners of the competition will have the opportunity to participate in the acceleration program. As a result of providing funding and ensuring acceleration, new start-up technology companies will develop, the best of which will be able to attract investments.

Detailed information on grant competitions, including the conditions for participation, the procedure for submitting and deadlines for submitting applications, is presented in the “Grants” section.

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