FOSTERING DIGITAL ENTREPRENEURSHIP

Armenia: Cultivating Collaboration

The Armenian start-up ecosystem is fertile ground for budding technology entrepreneurs, but those starting out for the first time in the capital of Yerevan face challenges accessing funding and mentorship. The Beeline Armenia Start-up Incubator was set up in 2018 to meet these challenges. It helps promising start-ups in the prototype stage to succeed by providing bespoke training, workshops, networking, office space and investor introductions during a four month intensive programme.

Ruzanna Avetisyan has joined two programmes at the Beeline Armenia Start-up Incubator – an experience she credits with helping her to secure capital for her start-ups including Volterman Smart Wallet, Bristly Brushing Stick, Moon by 1-Ring, and Varram Pet Fitness Robot.

The Beeline Armenia Start-up Incubator is one of the best Armenian initiatives for start-ups. Start-ups can scale when they deliver tangible business value and the incubator helps to discover that value and assists people to think in a commercial way

Ruzanna Avetisyan
Project manager at The Crowdfunding Formula

“The Beeline Armenia Start-up Incubator is one of the best Armenian initiatives for start-ups. Start-ups can scale when they deliver tangible business value and the incubator helps to discover that value and assist people to think in a commercial way”. So far, 20 start-ups have joined programmes at the Beeline Armenia start-up Incubator and the company is looking to build on this in 2019. 16 startups were selected in the first incubation cycle; eight of these finished their training by the end of 2018.

Beeline Armenia CEO Andrey Pyatakhin commented: “I am delighted to see the positive impact of our incubator in fostering the next generation of entrepreneurs and tech start-ups, which in turn will only help Armenia’s digital economy prosper in the future.”

I am delighted to see the positive impact of our incubator in fostering the next generation of entrepreneurs and tech start-ups, which in turn will only help Armenia’s digital economy prosper in the future

Andrey Pyatakhin
Beeline Armenia CEO