15 Armenian Startups Receive Significant Grants

On May 5th the winners of the application process for Innovation Matching Grants (IMG) and Science and Technology Entrepreneurship program (STEP) grant schemes were announced - as a result of 2-day pitching events where the 38 shortlisted startup teams and companies participated and pitched their innovative ideas and projects.    

Ten winners were announced for the IMG competition. These winners will be now further accompanied by international experts in preparing their project to receive funding from 30,000 - 50,000 EUR to transform their ground-breaking ideas into real products.  

The winning stratups of IMG competition are:
•    Volterman Smart Wallet
•    Chessfimee
•    Embry 
•    WiseLogger
•    Skycryptor
•    Xcloud
•    ShellGuard
•    OnYourWay
•    Pixomatic
•  FPGA Key Value Database for IoT

For the STEP competition five winners were announced, who will equally be accompanied to prepare their projects in order to receive funding of up to EUR 15,000 to engage actively into the realization of their scientific and technology oriented project. 

The winning startups of STEP competition are:
•    Financial Tech 
•    CNC Machine line 
•    One – Click key
•    Custom I/O modules for NI my RIO and ElvisRIO platforms 
•    CDM for Education, Based on New Generation Optical Element

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