15:06 | 01.03.17 | News | 9515

New acceleration program for Armenian startups accepts applications

Enterprise Incubator Foundation (EIF) and Innovative Solutions and Technologies Center (ISTC) in partnership with Crosspring Dutch Accelerator announced a joint acceleration program for Armenian startups.

The acceleration program aims to promote the Armenian startups on the European market and give inputs on tech business development from European perspective. Mentors from Dutch Crosspring will also join during the program to guide the participant in their projects.

The applications are accepted until March 15.
The call is open to Armenian startups with already developed products and business plans in the following three categories:

-    Artificial Intelligence
-    Cybersecurity
-    Augmented Reality (AR)/ Virtual Reality (VR)
-    BI (Business Intelligence) / Big Data
-    FinTech

Applicants also need to have interest and potential to grow on 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

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

Let us remind that Crosspring announced in February about investing in Triple-E, an Armenia-based startup that develops Augmented Reality solutions.

Itel.am’s interview with the Founder of Crosspring Maurice Beckand Verwee is available here.