Introduction of Armenian Startups

Armenia, a small landlocked country located in the South Caucasus region, has been making significant strides in the global technology and innovation arena. Despite its relatively small size and population, the Armenian startup ecosystem has produced some remarkable companies that have attracted international attention and investment. In this essay, we will explore the best startups from Armenia that are driving the country’s innovation and growth in various sectors.

1. PicsArt

PicsArt is a leading all-in-one photo and video editing app that has taken the world by storm. Founded in 2012 by Armenian entrepreneur Hovhannes Avoyan, the platform enables users to create, edit, and share visual content seamlessly. With over 150 million monthly active users worldwide and a wide array of editing tools and features, PicsArt is undoubtedly one of the most successful Armenian startups. The company’s continuous growth and expansion can be attributed to its commitment to innovation, user experience, and its ability to adapt to the ever-evolving digital landscape.

2. Krisp

Krisp is an innovative noise-cancellation technology startup that has quickly gained international acclaim. Founded in 2017 by Davit Baghdasaryan and Artavazd Minasyan, Krisp’s AI-driven software eliminates background noise from calls and recordings, enhancing communication quality. The technology is widely used by remote workers, podcasters, and call centers, among others. With a robust suite of integrations for popular communication platforms such as Zoom, Microsoft Teams, and Discord, Krisp has become an indispensable tool for professionals worldwide.

3. ServiceTitan

ServiceTitan, founded by Ara Mahdessian and Vahe Kuzoyan in 2013, is a leading provider of business management software for home service companies. The platform streamlines operations, improves customer service, and drives growth for businesses in industries such as plumbing, HVAC, and electrical services. ServiceTitan has successfully raised over $500 million in funding and has become one of the fastest-growing SaaS companies in the United States. The company’s success can be attributed to its innovative approach to solving real-world problems faced by service businesses and its relentless commitment to customer success.

4. ggTaxi

ggTaxi is a popular ride-hailing platform that has revolutionized transportation in Armenia and neighboring countries. Launched in 2013 by Armenian entrepreneurs Narek Gevorgyan and Artyom Sahakyan, the company has expanded its services to Georgia, Russia, and other countries in the region. ggTaxi offers affordable and convenient transportation options, including taxi, courier, and delivery services. The platform has quickly gained popularity due to its user-friendly interface, transparent pricing, and commitment to improving transportation infrastructure in the region.

5. Earlyone

Earlyone is an innovative queue management system that aims to improve customer experience and streamline business operations. Founded in 2016 by Armen Karamanian and Tigran Petrosyan, Earlyone’s platform allows users to join virtual queues for various services such as banking, healthcare, and government offices. The company’s mission is to save customers’ time and optimize business processes, making it a valuable tool for both consumers and service providers. Earlyone’s success can be attributed to its unique approach to addressing an everyday problem and its commitment to providing a seamless user experience.

6. SuperAnnotate

SuperAnnotate is an AI-powered platform for image annotation, providing high-quality training data for machine learning and computer vision applications. Founded in 2018 by Tigran Petrosyan and Vahan Petrosyan, the platform combines cutting-edge technology and a global workforce of skilled annotators to deliver accurate, efficient annotation services. SuperAnnotate has garnered the attention of

leading technology companies and researchers, and has successfully raised over $14 million in funding. The company’s rapid growth can be attributed to its innovative approach to data annotation and its dedication to driving advancements in AI and machine learning.

7. ForgeFiction

ForgeFiction is a unique collaborative platform that brings together writers and fans to create crowd-sourced fictional stories. Founded in 2018 by Hovhannes Yeritsyan and Artak Tovmasyan, the platform allows users to submit story ideas, collaborate on plot development, and vote on their favorite submissions. This community-driven approach to storytelling has attracted a diverse and engaged user base, resulting in the creation of high-quality, original content. ForgeFiction’s success lies in its ability to harness the power of collaboration and provide a space for creative expression, connecting writers and readers in a novel way.

8. Embry

Embry is an AI-powered virtual assistant designed to help couples on their journey to parenthood. Launched in 2020 by Marine Adamyan and Arman Poghosyan, Embry offers personalized fertility and pregnancy insights, as well as guidance on health, nutrition, and lifestyle factors. The platform uses advanced machine learning algorithms to analyze user data and provide tailored advice, making it a valuable resource for couples trying to conceive or navigate pregnancy. Embry’s innovative approach to fertility and pregnancy support has garnered significant interest from users and investors alike.

9. Breedge

Breedge is a career development platform that connects university students and recent graduates with employers, providing personalized job recommendations and skill development resources. Founded in 2017 by Gevorg Goyunyan and Rafayel Gasparyan, the platform uses AI algorithms to match users with relevant job opportunities based on their skills, interests, and career goals. Breedge also offers a suite of tools for users to build their professional portfolio and enhance their employability. The company’s success can be attributed to its focus on addressing the unique challenges faced by young job seekers and its commitment to fostering talent development.

10. Sololearn

Sololearn is a mobile-first platform that offers a comprehensive library of coding courses and interactive learning experiences. Founded in 2014 by Yeva Hyusyan and Davit Kocharyan, the platform has attracted millions of users worldwide, making it one of the most popular coding education platforms globally. With a wide range of courses, from beginner to advanced levels, Sololearn empowers users to develop programming skills at their own pace. The company’s success is driven by its commitment to making coding education accessible, engaging, and enjoyable for users of all backgrounds.

Conclusion

The Armenian startup ecosystem is vibrant and diverse, with companies across various sectors demonstrating exceptional growth and innovation. From mobile app development and AI-powered platforms to collaborative storytelling and career development tools, these startups are not only transforming the Armenian economy but also making a lasting impact on the global stage. By fostering creativity, collaboration, and a commitment to excellence, Armenia is quickly establishing itself as a hub for technological innovation and entrepreneurial success.

Article Top 10 Armenian Startups is the first on iArmenia: Armenian History, Holidays, Sights, Events.

The idea of creation of the smartest wallet in the World

Sometimes, the best ideas are born in moments of disappointment and despair. When the problem occurs, creative minds try to solve it. The inventor of the Volterman smart wallet, Azat Tovmasyan is one of the creative minds that decided to stop this injustice. In fact, he lost his wallet several times.

Azat Tovmasyan – Inventor of Volterman

The idea of the World’s Smartest Wallet came 3 years ago in Armenia when Azat (an engineer) lost his wallet for the third time.

In fact, this time his three-year-old daughter hid the wallet behind the kitchen stove. It took him several weeks to recover all of his IDs, the missing documents, and cards. Only a month later he could find it.

So Azat tried very hard to find a smart wallet that would prevent him from future losses. However, all his efforts were in vain. All the smart wallets that he found only had a Bluetooth Alarm. In fact, this feature helps to track a wallet only within 20 meters. This problem led Azat to create the World’s Smallest Wallet by himself.

The dream of creating the smartest wallet became true only after 2 years. During the years Azat prototyped and partnered with the best manufacturers, award-winning designers, and engineers.

So what does it look like?

Volterman is slim and lightweight. It has a stylish design and cool functions. So the team captured the attention of crowd funders across the globe. Volterman wallets are currently presented on a worldwide known crowd funding platform called Indiegogo. It beat the record as it collected 100% of its initially fixed goal in just the first day. Realizing the importance of this wallet the project collected almost $1 million on Indiegogo. It was more than 2,000% of its $45k goal.  Currently, it is a huge innovative product available on the market.

It beat the record as it collected 100% of its initially fixed goal in just the first day. Realizing the importance of this wallet the project collected almost $1 million on Indiegogo. It was more than 2,000% of its $45k goal.  Currently, it is a huge innovative product available on the market.

About

Do you often leave your house without a wallet, keys, phone, and earphone? These are the things that we won’t leave the house without.

First of all, they are the essentials, the things without which our day will finish without even starting, things that without them our day will be incomplete. In this case, you won’t be able to carry out your day so you will be failed. Second, these things are the status of symbols and fashion accessories, sure, but they are also essentials.

Volterman

You can start to use Volterman from now on. The wallet not only has unique features but it is also comfortable for everyday use.

After gaining Volterman, your battery won’t die at the worst possible moment. You won’t get big roaming bills after returning from a trip. All the wallets are constructed from Nappa leather or vegan faux leather. Currently, the wallets are ready for a mass production. With every Volterman wallet, you will receive 3 types of cables. All cables have high quality. The Design of the wallets is great. Backbone Branding Creative Design Company did the design and branding of the wallets.

Backbone Branding Creative Design Studio

About the camera…

One of the peculiarities of this wallet is its tiny camera. Thus when the pickpocket stoles and enters your wallet, this tiny camera takes sneaky snaps of the robber. The pictures of the person who enters to watch your stuff are immediately sent to your Smartphone. So you track where your wallet is in real time and watch the pictures.

So your phone and wallet associated with each other by signaling an alarm if you forget one of the other. GPS tracking of this new innovation will let you follow your wallet. This becomes true by a SIM card. This card is put within the wallet. It also allows the phone to be tracked via the company’s website.

Advantages of Volterman Smart Wallets

• Built-in Power Bank
• Distance Alarm System
• Thief Detector Camera
• Global WiFi Hotspot
• Global GPS Tracker

Built-in Power Bank fully charges your smartphone on the go. Volterman Smart Wallets are extremely lightweight and thin. They work both ways wirelessly and with a hidden cable. In case if you left your wallet behind Bluetooth Alarm System to notify you.

Volterman

So you will also get notifications if you forget your phone behind as well. So you can push the button on the wallet and your phone will ring. The ring will be heard even if the phone is on a silent mode. The team placed the battery in the wallet. So it cannot be replaced or removed. The team isolated the PCB inside with a very strong and resistant material to keep it safe.

Volterman Smart Wallet

By obtaining Volterman you won’t use expensive Data Roaming anymore. Wi-Fi Hotspot will provide the internet during your travel. In fact, the internet cost of the Volterman will be three times cheaper than roaming. As mentioned above Volterman has a tiny camera in the wallet. It becomes active only when it is lost. The wallet will take a snapshot of the first opener and email you his/her pictures.

Volterman Cables

Volterman makes it possible to track Your Wallet Globally. No matter where are you, you can track your Volterman from America to Siberia. So Global GPS system will secure you from thievery or lose your Volterman. Most importantly, this system is free. It doesn’t require any hidden charges or fees.

Volterman Global GPS Tracker

The team will send the wallets before Christmas. So it will become a perfect gift for Christmas.

Types of Volterman

The wallet is automatically connected to local networks in 98 countries. Though at the moment the exact tariffs from country to country are unclear. However, the company says that charges will be cheaper than data roaming. The early estimates are around US$15 per 1 GB. The power bank can charge Smartphone, either with a cable or wirelessly if your device has that capability.

There are 3 different sizes of this wallet.

• A small cardholder model.It costs US$109 and has 2,000-mAh power bank (indiegogo.com).
• The second one is a conventional bi-fold wallet. The price is $149. The wallet has 2,600-mAh power bank (indiegogo.com).
• A larger travel size wallet which comprises of place for more cards, a passport. The cost is $175 and has 5,000-mAh power bank (indiegogo.com).

Volterman

The wallet also has extra add-ons that include a wireless charger, passport cover and so on. The charger keeps the wallet powered up and costs $29.

You can also choose the type of the leather of the wallet. It can be vegan or genuine leather.

The team created three types of the most frequently used wallets. The team examined the behavior and daily life of the customers.

Before creating the wallet, the team examined the behavior and daily life of the customers. So they already know what kind of support they need in their mobile lifestyle.

Hereupon you can protect your important items due to Volterman. Despite its classic design it also has all necessary capacities for feeling safe. Likewise, this wallet will also alert you if you leave your phone behind due to built-in distance alarm.

All you need to know about Volterman

The PCB along with the power bank inside are isolated with a very strong and resistant material. The wallet has special resin fusion. So it won’t allow oxygen to get in which makes it impossible for the battery to explode or be destroyed.

Volterman Smart Wallet

Volterman is also waterproof. Thus it acts like a cooling system. This system prevents the battery from heating. The wallet has places for cards but the quantity depends on what type of the wallet you choose.

Volterman

Volterman – cardholder has 2 pockets for cards and 1 inner pocket. In fact, you can place up to 10 cards in it. The bi-fold wallet has 6 pockets for cards and 2 inner pockets. The third type, Travel wallet has 4 separate inner pockets where you can place your passport, boarding tickets. This type has many places for cards and 1 bigger inner pocket for various documents that one may need while traveling.

Size	Weight
Cardholder – 10x7cm Bifold wallet – 12x9cm Travel wallet- 19x9cm	Cardholder – 100 grams Bifold wallet – 120 grams Travel wallet – 150 grams

The wallet can’t hold coins. There is no separate pocket meant for them.  For charging the battery you will need 3-4 hours to fully charge the wallet. If you want to charge your phone then depending on a model, it will take 3-5 hours.

10% of the power bank is used for the functionality of the wallet. So the power bank of the wallet can be easily recharged from a wall socket or wirelessly too. If it is only 10% of charge left in the power bank, you will receive a notification to recharge your wallet. Due to your mobile application, you can track the charge of your wallet anytime.

Your wallet contains hundreds of stories. Volterman ensures they stay where they belong. The creators of the idea improved the quality of human life. Volterman wallets will be with you no matter where and in which circumstances you are. These wallets will protect you, remind and empower you. They provide energy in the most critical situations.

Article Volterman is the first on iArmenia: Armenian History, Holidays, Sights, Events.

Startup Creation

PicsArt Logo

The founders of the startup are two Armenians, Hovhannes Avoyan, and Artavazd Mehrabyan. The company has two offices. The one is situated in Yerevan, Armenia and the other in San Francisco, California, United States. There are 400 employees in the company.

The company created an app which was launched in November 2011 on Android devices and during its first year, it was downloaded 35 million times. Later, in January 2013, the team released the same app on iOS for the people who use iPhone. Short afterward, in May, they released it for iPads.

There are millions of PicsArt users in the world. It is a favorite app for many people as it includes premium tools like AI-powered photo effects, artistic filters, photo blending, Photoshop-style layering, cropping, text overlay, drawing tools, and much more.

Supermodel Natalia Vodianova

So you can discover thousands of free collage templates, fonts, sticker packs, backgrounds, and brushes. Besides all of this, you will learn how to make them with daily photo editing challenges and tutorials.

You can remix millions of free-to-edit images with a global community of active users. Using the app you can also have entertaining conversations with friends. So share and edit photos together in Remix Chat.

Period of Success

PicsArt App

2011-2014

It is a leading startup company that makes it easy to take your photos to the next level. In the app, you will find thousands of powerful editing features for making amazing images, collages, and drawings.

You can find the app in Google Play Market and start remixing photos with friends.

As a matter of facts, this app had nearly two million daily users and already 4 million users registered there on January 2013.

Soon, after two years of its launch, the app had reached 90 million installs. It had nearly 25 million monthly active users. PicsArt became available on Windows Phone devices in December 2013.

The app became available on devices supporting Windows 8, in 2014. In the same year, the app reached 100 million installs on Android, 30 million active users. Each day 60,000 images were uploaded, and it had a community of over 11 million users. In 2014, the app was released for all Windows 8.1 PCs, devices, and tablets.

In its three-year anniversary, the company already had 50 million monthly users, 175 million installs, and 18.5 million users in the social network.

2015-present

PicsArt App

The company started an educational program on machine learning and data science in the country in 2015. So more than 400 students have finished the program and 50 of them were chosen to work in the company.

5 years after of its launch, in 2016 the app reached 75 million monthly active users. Picsart received USD 10 million from Sequoia Capital venture capital firm. The company will use the funding to grow its San Francisco office.

Every time this startup introduces new features. Some of the features include remix galleries, personalization features, a redesigned camera and the like.

Improvements were also done regarding on the app across iOS, Android and Windows devices.

In 2017, the startup launched Remix chat. It is a messaging system. So as a user you can share images directly or in groups and edit them collectively with friends.

PicsArt launched community-powered stickers. It allows users to make their own custom stickers. Thus you will discover share other user-created stickers for free.

Later the app of the startup reached 90 million monthly active users.

A supermodel Natalia Vodianova joined the startup team in order to inspire the users.

You can see her picture in the features where you can remix and create images on important social topics.

Apps of PicsArt

Magic Video

PicsArt App

Magic Video is a video editing app. It transforms mobile videos into moving works of art. This app analyzes video and redraws it in a new artistic style. You can do this even if you’re offline.

There are diverse styles range with different color and effect, HD special movie effects. You can also add a soundtrack and share it to YouTube, Instagram, and so forth.

PicsArt Gif & Sticker Maker

PicsArt

This app makes awesome animated GIFs. GifsArt makes it easy to create GIFs. You can do this by capturing images and videos.

You can also combine images, videos, and GIFs into one. It offers endless possibilities for creating and customizing GIFs.

Animator

By this app, you can make varieties of animations. You can bring them all to life with moving stickers and doodles, sound effects and more.

For creating GIFs and photos no drawing skills are required. But it also has the option for more experienced users.

So you can use duplicate frames, layers, fully equipped drawing tools and more.

Color Paint

Here you can find full drawing suite and tons of advanced tools for making illustrations. You can make this quickly and easily.

So you can use doodle on your group photos, tons of layers to create paint breathtaking fantasy worlds.

PicsArt

Join them and start your creative journey!

Article PicsArt is the first on iArmenia: Armenian History, Holidays, Sights, Events.

Yenokavan

Apaga Resort, Yenokavan

Yell Extreme Park is situated in Yenokavan village. It is in Tavush region, South to Yerevan, Capital of Armenia. After two hours drive from Yerevan(142 km) you can find yourself in Yenokavan and if you go there from Tbilisi (158 km), Capital of Georgia then you will need 30 minutes more.

Until 1935 it was known as Krdevan. Yenoqavan is a small village and summer resort in the Tavush Province and is a few kilometers north of the regional capital of Ijevan. In 1935 Krdevan was renamed to Yenokavan in the honor of the founder of the 1^st Communist party cell in the region.

Yenokavan – Apaga Resort

Actually, the population of the community consists of 612 people. Mostly, people of Yenokavan are engaged in cattle and agriculture. The others work in Apaga Resort as it provides approximately 60 workplaces. This beautiful resort is situated in Yenokavan and Yell Extreme Park. 

During Armenian holidays there are a lot of people in this village. Tourism had a big growth here in Yell Extreme Park and so social conditions of the villagers are improved too.

The territory of Yenokavan is mountainous and rocky. There is a canyon behind the village. It is lush with forest, river and has caves with interesting carvings. The hillsides Yenokavan are covered with a green carpet of Alpine meadows. This provides ideal conditions for the development of eco and adventure tourism in Tavush. People sometimes call it a ‘’little Armenian Switzerland’’. 

Yell Extreme Park

Yell Extreme Park is the first extreme amusement and adventure park in Armenia that gives an opportunity to do extreme sports without being a professional. The first flight by the zip-line was done in 2015 and after a year in 2016, there was a huge quantity of people you took part in it. Now there are many other activities besides zip-line, now people can go to mountain biking, horseback riding, etc. So in Yell Extreme Park, you are free to take part in various activities.

Recently various activities were added in Yell Extreme Park. In 2016 people opened the Rope Park.

Yell is a place; one can do a rope climbing exercises, obstacle courses, ride Yell track and do much more. Here you will need no climbing techniques or special physical fitness experience. 

All the kinds of adventure holidays are coordinated by the Yell’s professional team. They have regular training and exchange of experience.

All of this is done due to the Mountain Tourism and Rock-Climbing Federation RA and Ministry of Emergency Situations of the RA. Yell Extreme Park’s team collaborates with their partners from France and Austria regarding technological part.

 The longest line of Yell Extreme Park is 750m. It has a height of 200-300m and the speed of 5-7m/s. Now the team designs a new Zip-line. The length of the new zip-line will be 2680 m. Thus the height is going to be approximately 250 m. There will be 4 parallel Zip-lines. If this activity will be opened then Yell Extreme Park’s team will set a new record of Guinness Records book. They want to hear the loudest Yell from the Yell Park. 

Yell Extreme Park’s Activities

Adventure lovers can have a wonderful time in “Yell Extreme Park”. You can choose to choose any of the following types of extreme sport and adventure holidays;

• Zip Line
• Paragliding
• Rope Park
• Off-road
• Mountain Biking
• Paintball
• Horseback Riding
• Intellectual and logic games (Rest Area/ Board Games)

Zipline

The main activity in Yell Extreme Park is the s Zip-Line. Zip-line enables the user to move by gravity to travel from one place to another. So you will be approximately 200-300 m above the ground. This zip line has 5 different lines: 135m, 268m, 200m, 375m, and 750m. The average duration of the flight is 1.5h. It includes 15minutes training concerning to safety rules, 30 sec-2 minutes for the zip line and 5-20min to move from one line to another. The price for it on weekdays is 11.000 AMD per person. On weekends and holidays, it is 15.000 AMD. But if you go to Yell Extreme Park with a group that has 4 and more members then you can get the tickets with 13.000 AMD.

Paragliding

Paragliding is the flight from the height. It usually lasts 30 minutes depending on weather conditions. It is the recreational and competitive adventure sport. Thus you fly by paragliders. During paragliding, Flights are carried out with the specialist. The pilot sits in a harness. The price of paragliding consists of 48.000 AMD per person. In this cost video shooting and transportation are included.

Horseback Riding

Yell also have horseback riding tours that you can have in the nearest fields and forests. You can ride a horse 20 min/1.5h/3h every day. The cost for horse riding is 4.000AMD, 12.000AMD and 16.000AMD per person. The tour can be continued up to 7 days. Sometimes when the trip is short the visitors spend nights in tents.

Rope Park

The total area of the park is 3000m²_. In the Rope Park, one can do a variety of sports like rope obstacle courses, zip-lines, and climbing exercises. Here, in Yell Extreme Park people do not follow a specific educational concept, they just do the recreational activity. So you can be calm, as no need for climbing techniques or physical fitness experience. There are diverse trails on trees. You should keep your balance on the rope and pass the bridge.  The short zip-lines will help you to overcome the barriers. The price for each person is 5.000 AMD.

Off-road

Off-road is a funny activity. It includes driving a vehicle off-road. Thus you should ride on unsurfaced roads to overcome various obstacles, gravel road surfaces, bumpy roads and granite sets. You must certainly try to feel the joy. And the price for this activity is 15.000 AMD for 15 min driving, and 25.000 AMD for 30 min driving.

Mountain Biking

Obviously, mountain biking is not an easy kind of sport. It includes riding bicycles off-road. Though it is important to realize that in Yell Extreme Park there are specific mountain bikes meant for overcoming rough terrain. These bikes have similarity with ordinary bikes but they are particularly designed to enhance durability on mountain trails. Bike rent cost is 2500 AMD for up to 2 hours and if you want to ride a bit more, up to 12 hours, then should pay 7000 AMD.

Paintball

Paintball is a modern, adrenalin sport. It is a team game during which group members shoot each other with paintballs. For this game, participants wear special uniforms designed for paintball. All things considered, this sport requires strength, speed, and a good physical condition. During this game, you will need good tactical thinking in order to win the game. Thus you will experience both joy and euphoria from victory and disappointment when you lose the game. The cost for this interesting game is 13.000 AMD for 300 balls.

Rest area

The rest area is a place where you can rest eat something, play games like Chess, Monopoly, Risk, Uno, Settlers of Catan, Dungeons & Dragons, Go and much more.  So this is a good area if you tried Yell Extreme park’s activities and you are searching a place to sit under the open air, to think, to sleep, to drink, to eat and to enjoy your time.

The Purpose of the Founder

The founder did everything to help people to enjoy every single moment they live. It is a good activity for all especially for those who are searching for adventures and adrenaline.

With this zip line, the founder wants to discover new emotions and to change the world of adventure.

He wants you to feel the adrenaline and to overcome all the fears that you may have.  Many years ago Zip lines were mainly used as a means of transportation.

But recently it became a popular activity and an interesting adventure sport. This line allows the person to move from one place to the other.

The founder’s purpose is to develop extreme tourism and thus to become a great center of extreme tourism in the region. In this case, there will be new jobs in the border areas. Yell Extreme Park presents opportunities of the unique extreme zone. This place will activate public life and promote a healthy lifestyle.

Projects in Progress

The founder of Yell Extreme Park, Tigran Chibukhchian plans to launch the world’s longest zip-line with the length of 2.7 km. In fact, the flight’s duration will be maximum 3 minutes and the speed of 120 km/h. So this will be 135 meters (443 feet) longer than the longest existing zip line in Mexico’s Copper Canyon. 

Thus the longest zip line in Armenia will have a super ripper and will allow flying head first down and so you will be safe.

The buckles with adjustable leg and shoulder straps will keep the people locked in. The cost for the Longest Zip-line is $60. But if you get your ticket in advance via Indiegogo you will a get discount and will give one price for 2 tickets.

The Yell’s team started a crowd funding campaign on Indiegogo with the aim to construct the world’s longest zip-line in Armenia.  Any of us can really help them to reach their goal.

The team has many great ideas that are worth realizing. But for that, they need serious investments. The team will be glad to work with new partners and they are open to any kind of cooperation. So if you share the same ideas and want to be a partner do not waste your time to connect with Yell Extreme Park’s team.

Article Yell Extreme Park is the first on iArmenia: Armenian History, Holidays, Sights, Events.

Sevan Startup Summit 2016

The first event of SSS occurred in 2016. The preparations for the Summit lasted more than 2 months. Organizers did a huge work to prepare the territory and attract potential investors. In 2016 there were 102 applicants and only 35 startups and startupers were selected. On 18 August the buses moved to Lake Sevan. There were battles for teams where the winners would get a prize.

So, on August 21, the 10 best teams participated in the first Startup battle. The winner was Skycriptor team which received $5,000.
On August 23, the 2nd Startup battle took place. The Energy Globe team outran 25 other seed startups by receiving a prize of $2,500. In addition to the Startup battles, individual investors made a contribution of $30,000 to the prize fund.

Interesting speeches were made by more than 20 speakers and 3 business trainers who presented the entire cycle of how an idea can be transformed into a successful working business.

Foundation

The head organizer of the Summit is the Startup Armenia Foundation. A group of young people, who previously succeeded in a number of startups, founded the Startup Armenia in March 2016. The foundation aims to help new business ideas to develop, organize events where startupers will have an opportunity to show their projects and get support from the foundation. In Startup Armenia site they write about their aims in details:

• To support novice and the ones who already passed a certain way, help them to stand up, to put in a right way of development
• Periodically organize events, where startupers will have an opportunity to present their projects and get support from the foundation.
• Invite experts and speakers from abroad, who will help startupers to improve their skills and use them in their own projects, and they can imagine steps for entering the market
• Create an environment where the authors of different projects will meet with local and foreign investors, employers and other business representatives and with the help of them, they will have an opportunity to acquire investment for their own idea.
• Organize and implement educational and startup projects and events both in Armenia and in abroad.
• Promote innovative thinking, innovative business development in the Republic of Armenia.

Founders

As it was mentioned above founders are a group of successful young people. who created this event. Below are some of them:

Founder, Director Hakob Hakobyan

Hakob Hakobyan

Here is the founder of Startup Armenia. Hakob Hakobyan in his Linkedin account writes:

“I’m looking back through a year of Startup Armenia Foundation activities and feeling proud of my team!”

And it’s obvious that Startup Armenia is going to be more successful in the future. From one of his interviews, we learn about the Foundation in details.

“Sevan Startup Summit actually started in 2009. From 2009 our team organizes educational forums in a camp format, and, I can say, Sevan Startup Summit is the logical continuation of those forums. Those forums have mainly had an aim of connecting the young people, bringing around patriotic concepts. And from the experience of the years, we understood, when Armenian young people are gathered and live in this environment, in case, we make the main purpose come true.”

Tigran Petrosyan
Director of Startup Armenia Foundation

Tigran Petrosyan

Tigran Petrosyan is the director of Startup Armenia Foundation.  Here is what he says about Startup Armenia Foundation in his Linkedin account:

“We decided to create the Startup Armenia Foundation, which seeks to break stereotypes in education and the business sector, by giving young people the opportunity to launch and develop a more efficient and up to date activities.”

In “Bari Luys Hayer” TV program given interview Tigran Petrosyan says:

“When we organized educational forums in Sevan National Park every year till now. During the forums, the president and prime minister visited us. Some startup projects were created, which later became business projects and now they are working in Armenia. As an example, I can say prokat.am ”

Vahag Rapyan
General Manager

Vahag Rapyan

The general manager of SSS is Vahag Rapyan. In the interview given to the “Bari Luys Hayer” TV program he says:

“There is the “Angel Face Investment” concept in the base of the format. In this case, the investor searches for a startup project and wants to invest. ”

Arsen Harutyunyan
CEO, Board Member

Arsen Harutyunyan

Arsen Harutyunyan in his Linkedin account writes:
I collect new program packages and present to the Board for approval. During the Summit I also coordinate the activities related to food and economic assurance by ensuring that all participants of the camp.

Avag Simonyan

Avag Simonyan
Co Founder of SSS

Hayk Khloyan

Hayk Khloyan
Co-founder

Marine Paytyan

Marine Paytyan
President of Startup Woman Armenia

SEVAN STARTUP SUMMIT 2017

“This year’s summit is designed to help you on the next step to success. You will have the opportunity to create your network, enrich your knowledge and skills, get the necessary financial means and just have a good time at lake’s shore.”

This is how in sss.am they describe the Startup Summit 2017.

The Format of SSS

Before camping, there is a lot of work that organizers do.

Thousands of people send their business plans but only some of them pass to the main stage. There are several battles designed for participants to show off their idea, compete and get prizes.

2-minute pitch and 4 minutes Q&A. Later 6 teams are selected and grouped into 3 couples. Every team from each couple has 3 minutes for asking questions to the opponent. Later the jury has 3 minutes for Q&A.

As Gevorg Poghosyan(the director of global.am ) mentioned in his interview, there are 3 types of teams: seed stage startups ( who has idea but no product), early stage startups ( who have product, web site, but they are newbie in market) and business stage startups (organizations who want to be extended). They divide teams according to their stages and organize the event for each of the group.

Early stage and seed stage startups take part in competitions. There are different prizes for them. Business stage startups present their ideas to investors in fire pitch format. They show how much money they need for the project.

Organizers

For more follow the link.

Article Sevan Startup Summit is the first on iArmenia: Armenian History, Holidays, Sights, Events.