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Armenian startups invited to apply for Startup Olé, April 26-27, Spain, by 15th March

Calling Armenian startups! Apply by 15 March to go to Startup Olé in Spain

The Armenian tech and startup ecosystem made a thriving development during the last years. In IT sphere alone, more than 12,000 people work in 450 companies and in relevant support structures. Traditionally, there are  strong ties between Armenian startups and the US and Silicon Valley.  Now the Armenia startup ecosystem also reaches out to Europe more actively. This is conditioned by the fact that Armenia used to be an “engineering hub” during Soviet era, where over 30% of all the military electronics, R&D and production took place.

Currently, Armenia boasts top-notch technical expertise incorporated in promising startups which can open new opportunities for European partners.

“In this regard, Startup Europe is proud to partner with “Support to SME Development in Armenia” (SMEDA) project in cooperation with Enterprise Incubator Foundation (EIF) and Small and Medium Entrepreneurship Development National Center (SMEDNC) of Armenia to support participation of 10 Armenian startups in Startup Ole Conference. The full announcement can be downloaded here.

SMEDA is co-funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ Private Sector Development in South Caucasus Programme. SMEDA is part of the EU4Business and EU4Innovation initiatives of the European Union.

More information about startups in Armenia can be found here: www.eif.am

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