New grant competition for Armenian startups

Armenian startups can participate in a new competition and get EUR 35 000 grant.

Innovation Matching Grants – Business Development Support for Innovative Technology Start-ups grant competition is organized by Support to SME Development in Armenia (SMEDA) project, which is co-funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ’s Private Sector Development in South Caucasus Programme, in cooperation with Enterprise Incubator Foundation.

Up to 9 grants will be provided with project duration of 9 months.

Deadline for application submission is April 3.

More information is available here.

Competition is open to companies with technology background, as e.g. in the field of Engineering, CleanTech, Biotech, Advanced ICT (e.g. AI, Blockchain), who are registered in the Republic of Armenia and are able to provide 50% co-financing.