About Neruzh 2.0

The Republic of Armenia’s Office of the High Commissioner for Diaspora Affairs and the Ministry of High-Tech Industry present: NerUzh 2.0 Diaspora Startup Program

NerUzh (an Armenian word for “potential”: a total sum of qualities and abilities that may be developed and lead to future success or usefulness) is a Govenrment Programme aiming at enriching and diversifying the Armenian startup ecosystem by promoting the inflow of innovative, capable and scalable tech startups from the Armenian diaspora, absorbing and investing on their advancement and growth within the Armenian startup ecosystem, and lastly, serving as a gateway for deploying and scaling-up impactful Armenian technologies and business models throughout the world markets using the leverage of significant presence and deep connections of Armenia Diaspora in the leading tech hubs of the world. 

This year, Neruzh will host 50 startups from 14 countries around the world. Participating startups from the diaspora will not only learn about the benefits of doing business in Armenia, but also be given the chance to collaborate, receive exclusive individual mentorship and coaching, and compete for the chance to win $15-30,000 worth of grants to grow their ventures. The goal of the program is to promote repatriation, encourage innovation, and support Armenia’s startup ecosystem.

Culmination of NerUzh programme is a 5-day boot-camp which is a celebration of entrepreneurship, taking place once a year building momentum and opportunity around each unique startup’s entrepreneurial identity. 

Devoted to exploring diaspora innovative startups and to supporting their growth, expansion and globing-up realizing that a successful startup is not only dependent on investment but on their network, knowledge, team, culture, access to a favorable ecosystem and community the bootcamp programme has been based on the values of Collaboration, Culture, Inspiration, Creativity and Innovation, Action and Entrepreneurship, Sustainability, Happiness, Transparency, Integrity, Making a difference, Passion, Professionalism, Commitment, Fun walking the startups through the entrepreneurial journey from idea validation to investment pitching, providing an immersive experience into entrepreneurship and innovative thinking.

The NerUzh bootcamp a joyful and startup-oriented event, with interactive training, individual coaching, inspiration, networking, opportunities of exposure and shining on stage pitching for monetary prizes.    

All the stakeholders of the ecosystem including startups, tech leading corporations,  potential investors, customers, government agencies, accelerators, co-working spaces, business support organizations and coaches, universities, are invited to be involved in the programme in all its stages from preparation to follow-up. 

Mission

Convene diaspora tech startups from around the globe in Armenia within a 5-day bootcamp to showcase Armenian startup ecosystem and attract engineering talent to Armenia

Convene diaspora tech startups from around the globe in Armenia within a 5-day bootcamp to showcase Armenian startup ecosystem and attract engineering talent to Armenia

Call for the tech entrepreneurs of Armenian descent to bring and establish their startup in Armenia by familiarizing the advantages of  doing business in Armenia

Call for the tech entrepreneurs of Armenian descent to bring and establish their startup in Armenia by familiarizing the advantages of doing business in Armenia

Uncover investment opportunities and provide access to small government grants

Uncover investment opportunities and provide access to small government grants

Maximize the impact on the growth, expansion and well-being of innovative and scalable Armenian tech startups with collaboration and professional coaching

Maximize the impact on the growth, expansion and well-being of innovative and scalable Armenian tech startups with collaboration and professional coaching

Facilitate and lead the scaling-up and integration to the global markets, boost international business opportunities

Facilitate and lead the scaling-up and integration to the global markets, boost international business opportunities

Create a functional, borderless, cooperative virtual ecosystem to exceed the territorial limits

Create a functional, borderless, cooperative virtual ecosystem to exceed the territorial limits

Grants & Awards

Winning teams will be invited to repatriate to Armenia and receive grants ranging from $15,000-$30,000 plus entrepreneurial support to grow their ventures in Armenia.

Grants and awards will be provided, contingent that the winning teams present the following:

  • A business plan
  • Proof of registering the startup in Armenia
  • A bank account in Armenia under the company’s name

Program Stages

1
Submission

Startups fill out an application form and submit it via GUST.

2
Pre-screening

Applications will be reviewed for eligibility requirements.

3
Screening

Applications that make it through the pre-screening phase will be reviewed once more, and the most promising startups will be invited to interview with program organizers.

4
Interviewing

Selected participants will be interviewed to discuss their motivation for participation and likelihood of repatriation.

5
Selection

Depending on the results of the application screening and interview, select applicants will be chosen to participate in the Program.

6
Participation in Program

Two members from each of the selected startups will be invited to participate in the four-day program at UWC, Dilijan, from December 16th-20th 2019.

7
Pitching

After receiving coaching and mentorship sessions over the four-day program, each team will pitch its startup to the jury to compete for the grants.

8
Grants and awards provision

Winning teams will be invited to repatriate to Armenia and receive grants ranging from $15,000-$30,000 plus entrepreneurial support to grow their ventures in Armenia.

Grants and awards will be provided, contingent that the winning teams present the following:

- A business plan
- Proof of registering the startup in Armenia
- A bank account in Armenia under the company’s name

Why Participate?

You should definitely apply to NerUzh if you are a startup, who is exploring ways and opportunities to advance your venture by:

  • Learning on latest trends in tech and in markets, enriching individual and team entrepreneurship competencies, exploring individual and team motivation, finding new team members,
  • Expanding your network, accessing relevant and influential people with right knowledge, experience, connections, and money
  • Exploring new domestic, regional and global prospects for doing business, growing, expanding and integrating to global markets
  • Getting access to government grant funding as well as finding new investors, exploring access to funding
  • Receiving government support and tax privileges
  • Getting assistance of the government and the programme partners in setting your business in Armenia, including getting a free office space and recruiting professional teams.

After all, the bootcamp is also a place for having some fun, making new friends for life, getting inspired and, of course, discovering the beauty and hospitality of motherland Armenia, its culture and cuisine as well as feeling the heritage of thousand-year-old traditions through a special cultural programme. 

But this is not enough! Following the bootcamp the programme works towards acceleration of the winning startups as well as facilitation to find matching investments by organizing meetings and demo days with investors.

Organizers

Implementing Partners

Partners

Contact us

neruzh@mindiaspora.am

+374 10 59 01 89

Armenia, Yerevan, Vazgen Sargsyan St. 3/3