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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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๐Ÿš€ Deep Origin Challenge 2025 โ€“ Registration Open!

Are you ready to push the boundaries of AI and molecular modeling? Join DeepOriginโ€™s DO Challenge 2025 and put your problem-solving, creativity, and teamwork skills to the test!

Date & Time: March 22, 2025 | 09:00 - 22:00 (Armenian Time)
Location: DeepOrigin Armenia, 3 Hakob Hakobyan (Mergelyan Institute)

Challenge Overview:
โ€ข 10-hour AI-driven molecular modeling competition
โ€ข Work solo or in teams (1-4 people)
โ€ข Solve real-world challenges under resource constraints
โ€ข Compete for $6,000 in cash prizes

Who Should Apply?
โ€ข Experience in CS/coding
โ€ข Bring your own laptop
โ€ข No chemistry knowledge required

Food & Beverages Provided (Lunch, Dinner, Coffee)

Pre-Registration Deadline: March 16, 2025
For inquiries: info.armenia@deeporigin.com

Find more details and apply: https://www.deeporigin.com/events/deep-origin-challenge-2025

#DeepOrigin #MolecularModeling #MachineLearning #Competition #Hackathon

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๐ŸŽ‰ A Major Milestone for Armeniaโ€™s Startup Ecosystem!

Yesterday marked a significant moment for Armeniaโ€™s tech scene as startups from the first-ever batch of Plug & Playโ€™s International Acceleration Program in Armenia took the stage! ๐Ÿš€

The OutOfScope Telegram channel put together a great startup mapping, breaking down the verticals and technologies showcased at Demo Day.
๐Ÿ‘‰Check it out here.

๐Ÿ‘ Congratulations to the Ministry of High-Tech Industry and Plug & Play teams for making this happen! And hats off to the startups who pitched their innovations- we look forward see the next success stories emerge from this batch.

Looking forward to more game-changing programs by Plug & Play in Armenia! ๐Ÿ”ฅ

#PlugAndPlay #Acceleration #DemoDay #Startups #Ecosystem #StartupEcosystem #MHTI

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๐Ÿš€ Applications Open for the 7th Edition of the TransAtlantic Angel Conference (TAAC)!

The TransAtlantic Angel Conference (TAAC) is a virtual startup pitch competition that brings together early-stage business angels from Europe and the USA to support pre-seed and seed-stage startups.

This sector-agnostic event offers a โ€œwinner takes allโ€ investment ranging from $100,000 to $200,000, with potential additional funding for up to five other promising startups.

Program Timeline:
โ€ข March 27: Program commencement.
โ€ข April 3: First pitch to investors.
โ€ข June 12: Final public presentation and winner announcement.

Application Details:
โ€ข Application Fee: $100
โ€ข Eligibility: Pre-seed and seed-stage startups from North America and greater Europe.
โ€ข Application Limit: Capped at 60 startups.

For more information and to apply, visit the TAAC website.

Source: TransAtlantic Angel Conference on Gust


#TAAC #AngelFunding #ApplyNow

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๐Ÿš€ STAN & Triple S Ventures Announce Co-Investment in My Town AI!

STAN and Triple S Ventures have co-invested in My Town AI, marking the first investmend done in the scope of STANโ€™s Los Angeles Chapter, launched in partnership between STAN and Triple S Ventures.

My Town AI is transforming small-town management by integrating AI, municipal data, and low-cost digital twin technology. Their solution enhances local government operations, empowering understaffed communities with real-time insights for smarter, faster decision-making and improved productivity.

Learn more about the deal and startup here.

๐ŸŽ‰ Congrats to the investors and the My Town AI team on this exciting step forward!

#TripleSVentures #STAN #Investment #STANLAChapter #SuccessStory
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๐Ÿš€ Celebrating the Launch of Formula VC II Fund!

Today marks an important milestone for the Armenian startup ecosystem with the opening ceremony of Formula VC II Fund!

Since its inception in 2021, Formula VC I has backed 22 startups, many of which have grown into global leaders in fields like cybersecurity, AI, and quantum technologies. With investors and advisors from 20+ countries, Formula VC has become one of the key enablers of the Armenian startup ecosystem.

With a vision to invest $30M in 35โ€“40 companies, Formula VC II will further fuel the next wave of innovation and strengthen Armeniaโ€™s position in the global tech ecosystem.

A heartfelt congratulations to the founders, LPs, and the entire Formula VC community on this incredible journey!

(c) Photo Credit: Itel's article

#VentureCapital #Armenia #StartupEcosystem #TechInnovation #FormulaVC

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Empowering Diaspora Tech Startups: Applications Open for Neruzh 6.0!

The Ministry of High-Tech Industry of Armenia has launched Neruzh 6.0, a program designed to support diaspora-led technology startups.

Eligibility:
- Diaspora Armenians who have lived abroad for at least 5 years.
- Teams with at least 50% diaspora founders.
- Repatriates who returned to Armenia within the last 6 months.

What's in it for you?
- A 6-day intensive program in Armenia with mentorship, networking, and startup development.
- Grants of up to $75K (30M AMD) for winning teams!
- Long-term support from an international accelerator to scale your startup.

๐Ÿ“Œ Apply by May 30, 2025, 6:00 PM!
Application Link: https://gust.com/programs/neruzh-6-0-diaspora-tech-startup-program

For more details: https://hightech.gov.am/en/tegekatvakan-kentron/ayl/norutyunner/neruzh6

#Neruzh #DiasporaStartups #ArmeniaTech #Innovation #Entrepreneurship

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โ€œTheorizing without data is meaningless.โ€
Armenia vs. Estonia โ€“ A Comparative Look

As reported by Economy of Armenia channel, the minister of high-tech industry of Armenia presented Armeniaโ€™s technology sector impressive growth:

๐Ÿ‡ฆ๐Ÿ‡ฒ
- Annual turnover: 1.15 trillion drams ($2.93 billion)
- Employees in IT: 41,500
- GDP share: 7-8%

Meanwhile, during a meeting with the Estonian Association of ICT on February 5, 2025, they presented country's latest figures:

๐Ÿ‡ช๐Ÿ‡ช
- Annual turnover: โ‚ฌ10.2 billion ($10.6 billion) - 3.6x bigger than in Armenia
- Employees in ICT: 38,942 - little bit less than in Armenia
- GDP share: 11% - which is 4-5% more than in Armenia

Key Takeaways
Despite Estoniaโ€™s smaller population (~1.3 million vs. Armeniaโ€™s ~2.8 million), its tech sector contributes more significantly to GDP, operates at a larger scale, and generates higher per-employee revenue. We understand that reasons of the success require deeper analysis, but probably the Estonian success should be found in digital transformation, startup-friendly policies, and deep integration of tech into governance.

While we are proud to see the success of the Armenian private tech sector (as an example, Formula VC recently announced a launch of their 2nd fund  of $30M  ๐Ÿš€) we also realize a massive need of comparing ourselves with countries like Estonia to identify key lessons and strategies that can accelerate Armeniaโ€™s growth.

Estoniaโ€™s journey from a post-Soviet state to a global leader in digital innovation proves that well-thought policies, strategic investments, and a strong startup ecosystem can drive transformative change.

The Estonian model serves not just as inspiration but as a benchmark for whatโ€™s possible. The question is - how fast can Armenia catch up?

#Armenia #Estonia #EcosystemComparison #Editorial

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Join Founder Fridays City Competition!

Yerevan Founder Fridays offers a great opportunity for early stage startups this March. Apply for pitching at the upcoming pitch competition.
The winner will compete globally for a chance to pitch live on This Week in Startups to Jason Calacanis!

The opportunity is for the founders actively building their MVP or with an MVP ready.

Event Details
- Pitch Format: 2-minute pitch in English
- Venue: Latitude Art Space
- Date & Time: March 7, 7:00 PM

Application Deadline: March 6, 23:59 Armenia time
More details and apply here: https://app.getriver.io/events/founder-fridays-yerevan-3qg

Get ready for the pitching:
๐Ÿ”— How to Give a Great Presentation
๐ŸŽฌ LAUNCH Accelerator Demo Day
๐ŸŽฌ Founder University Pitch Intensive

#FounderFridays #PitchCompetition

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Picsart Partners with Deutsche Telekom! ๐Ÿš€

As announced by Mikayel Vardanyan, Picsartโ€™s AI Avatars will be natively integrated into Deutsche Telekomโ€™s upcoming AI phone!

What this means:
โ€ข AI-Enhanced Phone โ€“ Deutsche Telekomโ€™s new AI phone will seamlessly integrate AI into daily tasks: designing, writing emails, translating, and more.
โ€ข 48M+ Customers โ€“ Picsartโ€™s AI Avatars will be available to millions of users across Europe.
โ€ข Top AI Players โ€“ Picsart joins Google Cloud AI, ElevenLabs, and Perplexity in powering this next-gen AI experience.

๐Ÿ‘‰ Learn more about the Deutsche Telekom's AI-Enhanced Phone here.

Excited to see the progress of Picsart - Congrats to the team on this milestone! ๐Ÿ‘

#Picsart #DeutscheTelekom #AIPhone #Partnership

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Podcastle Unveils their AI Text-to-Speech Race with Asyncflow v1.0! ๐Ÿš€

Podcastle launched AI-powered text-to-speech functionality with its newly launched Asyncflow v1.0, offering 450+ AI voices and a developer-friendly API for seamless app integration.

Two Major Breakthroughs:

Unlimited Voice Generation from Prompts: You can generate unlimited voice skins from simple prompts. Premium-quality voices are delivered at dramatically more accessible prices than anyone else in the market.

3-Second Voice Cloning with Perfect Fidelity: The model can clone a voice from just 3 seconds of audio! It captures the entire voice signature - pitch, prosody, timbre, intonation, accent - allowing you to create an unlimited number of personalized voice variations with different moods and styles.

Learn more about this breakthrough on TechCrunch arcticle.

Source: LinkedIn post of Podcastle's Founder & CEO Arto Yeritsyan.

Amazing to see this happening - congrats to Podcastle team on this milestone! ๐Ÿ‘

#TextToSpeech #Podcastle #Asyncflow #SuccessStory

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๐Ÿš€ Microchip Expands in Armenia with a New Office in Yerevan!

Microchip Technology partners with Armenian Venture Studio Instigate for several years. In 2023 Microchip acquired Instigate Semiconductor.

The collaboration between Instigate and Microchip continues as Instigate continues advising Microchip on Armenian operations. Worth noting, that the company supports the next-generation talent nurturing for Mirochip facilitating internship opportunities for the students of Real School in Microchip.

Microchip has centers 4 Armenian cities - Yerevan, Gyumri, Vanadzor and Ijevan.

Notable Quote from Microchip Executive: โ€œIf youโ€™re looking for top talent in Europe, thereโ€™s no better place than Armenia.โ€ โ€“ Rajeev Jayaraman, Sr. Director, Microchip.

Read full article by

๐Ÿ‘ Congrats to Instigate team on this success!

(c) Sources: Economy of Armenia, Armenpress

#ArmeniaTech #Instigate #Microchip

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Alexis Ohanian just announced that he is bidding to buy TikTok US ๐Ÿ˜ฏ

Letโ€™s see how it goes! ๐Ÿ‘€

Read more about this news here: Reuters Article

#TikTok #Web3 #AlexisOhanian

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As How2B reports, Web3 Armenia has issued an open letter expressing disagreement with the Central Bank of Armeniaโ€™s proposed crypto regulations. You can read the letter here (in Armenian).

We'd love to hear CBAโ€™s response and see both organizations, along with the Government and the National Assembly engage in a constructive dialogue to shape the future of fintech innovation in Armenia.

Meanwhile, neighboring Georgia is taking a proactive approach. The National Bank of Georgia recently initiated a national fintech strategy focused on:

1. Progressive regulation to support fintech startups
2. Early-stage experimentation with blockchain and emerging technologies
3. Cross-border fintech collaboration to scale Georgian startups internationally

While itโ€™s exciting to see this development in brotherly Georgia, it also serves as a wake-up call for Armenia. With our startup ecosystem, banking sector, and diaspora connections, fintech has a huge development potential here. Public-private partnerships are key to making that happen! Letโ€™s foster dialogue and drive innovation forward.

#FinTech #Web3Armenia #CBA #Regulation #Innovation #PPP #Dialogue

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Applications Now Open for She Wins Climate! ๐ŸŒ

She Wins Climate program is designed for woman-led startup based in Eastern Europe or Central Asia tackling climate challenges.

Whatโ€™s in it for you?
โ€ข Funding opportunities โ€“ Connect with top investors & pitch your startup
โ€ข Mentorship โ€“ Expert guidance in climate innovation & entrepreneurship
โ€ข Visibility โ€“ Get global exposure to partners & stakeholders
โ€ข Tailored training โ€“ Master investment readiness & pitching

Application Deadline: March 17, 2025
Apply Here: https://vc4a.com/ifc/she-wins-climate-acceleration-program-2025/

The She Wins Climate Program 2025 is supported by IFC and implemented by VC4A, adelphi, and EBAN.

#SheWinsClimate #WomenInTech #ClimateInnovation

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Applications Now Open for She Wins Climate! ๐ŸŒ She Wins Climate program is designed for woman-led startup based in Eastern Europe or Central Asia tackling climate challenges. Whatโ€™s in it for you? โ€ข Funding opportunities โ€“ Connect with top investors & pitchโ€ฆ
Dear Community:

Consider joining a webinar created to introduce the She Wins Climate Program 2025.

Discover how you can apply as a startup, or contribute as a partnerโ€”whether through referring a startup, sharing the program, mentoring, investor training, or jury participationโ€”and unlock exclusive benefits.

From renewable energy, water conservation, sustainable urban systems, to climate-smart agriculture, this program is driving bold innovation in the fight for a sustainable future.

๐Ÿ‘‰ Make sure to register here: https://us02web.zoom.us/webinar/register/WN_5xqD5OQ5Qx-QDzA9qEm1Jw

#SheWinsClimate #WomenInTech #ClimateInnovation

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Georgy Starikov (NVIDIA Armenia) will make a deep dive into observability in microservices - logs, metrics, tracing, and team structure.

You'll learn how to:
- Monitor and manage microservices efficiently
- Use structured logs, metrics & dashboards
- Improve service interactions and team collaboration

Dates: March 18, 20, 25 & April 1
Time: 16:30
Venue: Room 415W, PAB, American University of Armenia

Registration deadline: March 16, 15:00 - https://lnkd.in/eZxb2uPt

#Microservices #Observability #DevOps #AUA

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STRIVE Pre-Incubation Program โ€“ Applications NOW OPEN!

Ready to develop your entrepreneurial mindset? Join AUA EPIC's STRIVE, a 10-week immersive program designed to equip you with the fundamentals of entrepreneurship and innovation!

Whatโ€™s in it for you?
- Interactive lectures, meetups & workshops
- Insights from industry leaders & networking opportunities
- Personal & professional coaching

No startup idea needed - just curiosity and a desire to learn!

Eligibility:
- Age 18+
- Available for weekly in-person sessions at AUA (7-9 PM)
- English proficiency (intermediate+)

Application Deadline: March 14, 2025
๐Ÿ‘‰ Apply here: tinyurl.com/5dms926r

#STRIVE #Entrepreneurship #Innovation #PreIncubation #AUA #EPIC

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๐Ÿš€ Alexis Ohanianโ€™s 776 Foundation Climate Fellowship โ€“ Applications OPEN!

776 Foundation accepts applications for its 4th cohort. They will give away $2M in grants to support 20 young changemakers tackling climate change!

What's in it for you?
- Up to $100,000 per Fellow over two years.
- Open to international applicants.
- For 18-24 year olds looking to build impactful solutions.

Key Dates:
- Final remote interviews: May 2025
- Cohort start date: June 2025

Find more details and apply today: https://776.org

#776Foundation #ClimateFellowship #AlexisOhanian

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๐Ÿš€ Alchemist Accelerator โ€“ Applications Due Soon!

Are you building the next big B2B startup? Alchemist Accelerator is now accepting applications for its next cohort!

Why Alchemist?
โ€ข A premier accelerator designed for enterprise startups
โ€ข Access to top investors, mentors, and corporate partners
โ€ข $450K investment and a powerful founder network

Application Deadline: March 21, 2025
๐Ÿ“Œ Apply Here: https://www.alchemistaccelerator.com/apply

#AlchemistAccelerator #B2BStartups #VentureFunding #FounderJourney

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๐Ÿš€ Grants for alums of Armenia Startup Academy!

Applications are now open for the Idea Seed Stage Grant, exclusively for Armenia Startup Academy alumni!

Whatโ€™s in it for you?
โ€ข Up to โ‚ฌ10K in grant funding to fuel your startupโ€™s growth
โ€ข Support in securing local and EU grants
โ€ข Access to global accelerators, mentors, and investor networks

Application deadline: March 28, 2025
Find more details and apply here ๐Ÿ‘‰: https://www.startupacademy.am/pre-acceleration-program

The program is supported through the Private Sector Development and Technical Vocational Education and Training in Armenia project, commissioned by the German Government and implemented by GIZ.

#ArmeniaStartupAcademy #HeroHouse #IdeaSeedGrant #GIZ

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YC Summer Fellows Grants for Students!

YC is launching the Summer Fellows Grants, offering $20,000 in cash and $90,000 in compute credits for students to work on technical projects this summer. YC is interested in funding projects that use AI in new and creative ways, but the program is open to any technical project that impresses fellow programmers.

Who Can Apply?
โ€ข Undergraduate students in computer science or engineering, including first-year students and international applicants
โ€ข Exceptionally technical students from other majors (e.g., those with impressive open-source contributions)
โ€ข Individuals (though applicants can indicate if they plan to collaborate with others)

Selected candidates (from 20 to 50) will be invited for a 15-minute video interview at the end of March.

๐Ÿ“Œ Application deadline: March 28, 9:00 PM PT
๐Ÿ‘‰ More details and apply: https://events.ycombinator.com/summer-fellows

#FellowGrants #YC #ApplyNow

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