IT News

Mar 2, 2017

EIF, ISTC and Crosspring announce a new acceleration program for Armenian startups

Enterprise Incubator Foundation (EIF) and Innovative Solutions and Technologies Center (ISTC) in partnership with Crosspring Dutch Accelerator announce a joint acceleration program for Armenian startups. Acceleration program aims to promote the Armenian startups in the European market and give inputs on tech business development from European perspective. Mentors from Crosspring will also join during the program to guide the participants in their projects.

The call is open to startups in the following three categories:

-    Artificial Intelligence

-    Cybersecurity

-    Augmented Reality (AR)/ Virtual Reality (VR)

-    BI (Business Intelligence) / Big Data

-    FinTech

Maximum 12 teams will be selected to participate in the jointly developed acceleration program. During the demo day up to 2 teams will be selected to travel to the Netherlands and spend 1 week at the Crosspring and learn more about the Dutch Business environment, as well as meet with potential clients and business partners.

The competition is open to Armenian startups, who already have a developed product and business concept in above mentioned areas. Early traction is preferred.  Applicants also need to have interest and potential to grow in the in EU markets.

The main selection criteria will be:

-           product innovativeness

-           team commitment/ balanced skill set

-           level of the product / technology development

-           plans to expand international, particularly to European Markets

-           scaling potential of the project / product

All interested startups should apply by filling in the following online form by March 15, 2017: https://goo.gl/forms/4PkcCUwMta6cenjk1

To date more than 500 teams and companies have participated in acceleration and incubation programs of Enterprise Incubator Foundation, most of which produce competent solutions and products meeting the demands of international markets.