Selection Criteria

From those just starting with an idea (Pre-product/R&D; Prototype; MVP) to others achieving sales and initial revenue and ready for IPO – can apply for participation in the programme if the product/service refers to any of the following domains:

AI, Machine Learning, E-Gov, Cybersecurity, E-Transportation, E-Customs, E-commerce, E-Trade, E-Health, E-Skills, IoT, Blockchain, Robotics/Engineering, BioTech, CleanTech, TourismTech, AgriTech, SocialTech etc.

For more details about your eligibility, startup stage and sectors please review the sections below.

Who can apply?

For your startup to be eligible for the program, it must:

  • Have a pre-established team
  • Have at least one (co) founder of Armenian descent
  • Be in one of the stages of development as defined below
  • Have co-founders willing to register and establish the startup in Armenia and live in Armenia for at least 1 year

Note: Due to space limitations, only 2 members from each startup will be invited to participate in the program in Dilijan.

Eligible Startup Stage

  • Only idea to seed stage companies can apply for participation in the program.
  • From the perspective of the program, the company can be considered idea to startup stage if its product is in any of these development stages: Pre-product/R&D; Prototype; MVP; Initial revenue (achieving sales).
  • See the description of company stages, considering the product development phases, in the table below:

Idea Stage

Team
Team has already been formed, founders can be not full time involved in the project during this stage
Customers
The company can define who is the typical customer for its product and has already identified main customers.
Revenue
Company has already defined its business model, understands what cost/revenue streams can be, and is working to develop pricing/revenue structure. The company has no revenue.
Product
The company has already developed a concept, which can be adjusted during the R&D process.

Pre-seed Stage

Team
The team consists of full-time founder(s).
Customers
The company is in discussions with potential customers to determine demand in the market.
Revenue
The pricing/revenue structure has been developed, but needs market validation. The company has no revenue.
Product
The prototype is ready.

Seed Stage

Team
The team consists of full-time founder(s) and is in the process of hiring initial employees as needed.
Customers
The company has already paying customers and the market need has been validated.
Revenue
The company has achieved sales
Product
A minimum viable product has been launched.

Target Sectors

  • AI
  • Blockchain
  • Fintech
  • Social tech
  • Cleantech
  • Govtech
  • Healthcare
  • Edutech
  • Mobility / Transportation
  • Machine Learning
  • Tourism
  • IoT
  • Agritech
  • Biotech
  • Robotics
  • Engineering
  • Cybersercurity
  • Other

Contact us

neruzh@mindiaspora.am

+374 10 59 01 89

Armenia, Yerevan, Vazgen Sargsyan St. 3/3