The results of the Deal Generation Matching Grants Competition have been summarized
On February 13-14, summarizing of the first stage of the Matching Grants Competition was held at Ararat Hall of Armenia Marriott Hotel. 31 companies and teams of technological sector from Yerevan, Gyumri and Vanadzor presented their investment projects to the assessment commission.
The competition has been held on the 2nd time in Armenia in the framework of E-Society and Innovation for Competitiveness (EIC) Project by Ministry of Economy, Enterprise Incubator Foundation and World Bank.
To promote entrepreneurship in Armenia’s regions the competition was supplemented by Gyumri Matching Grants and Vanadzor Matching Grants component in 2015.
The Matching Grants Competition includes 3 Grants Innovation Matching Grants (50% co-financing), Gyumri Matching Grants and Vanadzor Matching Grants (85% co-financing). Minimum amount of grant per initiative is 10.000 USD, maximum amount – 50.000 USD. Maximum duration of presented project is 1 year.
Competition is intended to support companies and teams operating in ICT and high technologies sectors to develop new products and services, as well as to inset ICT and high technologies to improve and / or develop different processes.
The winners were announced on February 14. The award ceremony took place on the same day.
The winners of the competition were following projects:
Matching Grants for Yerevan
- SoloLearn, Davit Kocharyan
- Skycryptor, Aram Jivanyan
Matching Grants for Gyumri
- Establishment of animation company in Gyumri , Gurgen Paronyan
- LoginEye, Hovhannes Sargsyan
Matching Grants for Vanadzor
- Design and production of electronic corrector, Arkadi Khitarov
- Anti –corrosion automated station, Samvel Osyan