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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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IBM Researcher to Speak at PyData Yerevan

What happens when small language models are asked the same question twice — and don’t give the same answer?

That’s the question Dr. Claudio Pinhanez, Principal Research Scientist at IBM, will explore at the upcoming PyData Yerevan meetup. 

His talk, “The Non-Determinism of Small LLMs,” dives into how smaller models (2B–8B parameters) handle repeated multiple-choice tests, and what that reveals about their accuracy and reliability.

📅 Date: November 6
🕖 Time: 7:00 PM
📍 Venue: Room 213W, PAB, American University of Armenia
🔗 Register here

#PyDataYerevan #AI #machinelearning #LLMs #AUA

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🚀 Save the Dates - Sevan Startup Summit 2026 - Jul 26 to Aug 1, 2026

Source: Seaside Startup Summit

The dates of the Sevan Startup Summit in 2026 are announced. The event will take place from Jul 26 to Aug 1, 2026 at the Sevan Festival City (Google Map Link).

This is:
– An opportunity for early-stage startups to pitch, grow, and connect with investors and mentors.
– A must-attend gathering for ecosystem builders to network, collaborate, and discover emerging talent.
– A chance for companies as well as scaling startups to sponsor the summit and give back to the community.

Application forms are coming soon!

#Sevan26 #SevanStartupSummit #SeasideStartupSummit

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eqwefy - Democratizing Investments in Armenian Startups

eqwefy is reshaping how investors engage with Armenia’s tech ecosystem and makes early-stage investment more accessible, transparent, and responsible.

The platform connects investors with carefully vetted Armenian startups, each already backed by professional venture funds or angel investors. Every listed company undergoes internal due diligence and expert screening before being featured.

Investors can start with as little as 10,000 AMD (~$25) — opening startup investments to a broader, global community.

To date, $235K USD across three startups was invested through eqwefy in 2025.
Exorde: $50K (AMD 19M)
Tactun: $85K (AMD 32M)
rBlox – $100K (AMD 40M)

👉 Explore more on eqwefy here: https://eqwefy.com/

👏 Kudos and congratulations to Samson Avetian, CEO of eqwefy, for building and launching this platform 👏

#eqwefy #Investment #StartupEcosystem

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Calling Deep Tech Startups for Horizon Europe!

Source: EIF

The Enterprise Incubator Foundation (EIF) is launching a program to help deep-tech startups to apply for Horizon Europe funding opportunities.

The program provides support, including call matching, proposal development, partner identification, mentoring, and application assistance for major Horizon Europe instruments such as the EIC Accelerator and other SME innovation calls.

Application deadline: November 15, 2025
Learn more and apply here: https://www.eif.am/eng/news/acceleration-program-horizon-2025-2026/

A great opportunity for Armenian deep-tech founders to tap into EU R&D funding opportunities!

#EIF #HorizonEurope #DeepTech #Startups #Acceleration

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Deep-Tech Founders: EIC Pathfinder Deadline Is Approaching!

The European Innovation Council (EIC) is inviting research teams and deep-tech startups to apply for EIC Pathfinder 2025, funding instrument supporting science and breakthrough innovation.

This is a grant funding opportunity of €300K to €500K to support early stage development of future technologies.
The grant will cover 70 % of eligible cost of the project. The remaining 30% should be co-funded by the beneficiary through its own resources.

Applicants must demonstrate:
- high-impact innovation that could create new markets or disrupt existing ones (at least TRL 4);
- ownership of the Intellectual Property Rights to ensure freedom to operate and adequate protection of the idea;
- a clear vision on the intended pathway to market (milestones together with concrete and verifiable KPIs to assess progress towards the market);
- the ambition and commitments to scale up.

Application Deadline: November 18, 2025
Learn more and apply: https://eic.ec.europa.eu/eic-funding-opportunities/eic-pre-accelerator_en

Companies incorporated in Armenia are eligible for this opportunity.

#EIC #Pathfinder #HorizonEurope #DeepTech #Innovation #Armenia

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🇦🇲 Picsart launches Vibe Design Suite on Product Hunt

Armenian-born tech unicorn Picsart has launched its Vibe Design Suite, featuring two new AI-powered tools — Picsart Assistant and Picsart Flows.

Picsart Assistant acts as a conversational design partner, generating layered and editable visuals through natural dialogue. Users can describe their goals or desired aesthetic, and the AI builds the design step by step in real time.

Picsart Flows introduces a collaborative, infinite canvas for teams to design, automate, and scale campaigns efficiently. It integrates all creative tools in one place, allowing real-time collaboration and reusable workflows.

The launch highlights Picsart’s continued focus on AI-driven design tools and collaborative creation experiences.

🔗 Explore and upvote the launch on Product Hunt.

#Picsart #ProductHunt #AIDesign

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Granatus Ventures Invests in Quiltt!

Source: Granatus Ventures

Granatus Ventures has announced its investment in Quiltt as part of the company’s $2.6M seed round. Founded by Ruben Izmailyan and Mark Bechhofer, Quiltt streamlines the fragmented financial API landscape by providing a single, secure layer that unifies access to bank data, identity, and payments infrastructure. Quiltt enables developers and businesses to build financial products faster, more securely, and with greater flexibility. The platform’s unified approach helps accelerate innovation across the fintech ecosystem.

Granatus Ventures’ investment supports Quiltt’s mission to advance more transparent, inclusive, and efficient financial systems.

Congrats to Granatus and Quiltt teams on this partnership 👏

#Quiltt #GranatusVentures #Investment

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EnviTech x Human Rights Ideathon by TUMO Labs

Source: TUMO Labs

TUMO Labs is organizing a 48-hour EnviTech x Human Rights Ideathon focused on developing tech-based solutions at the intersection of environmental challenges and human rights.

Topics include (but not limited!):
- air pollution
- water access
- forest protection
- biodiversity loss
- landfill monitoring
- environmental data transparency

The program is open to participants aged 18–35, regardless of background. Selected participants will form teams and work with mentors and domain experts to develop practical, scalable ideas. The team with the strongest concept will receive 500,000 AMD to continue building their project.

Participation is limited to 30 people.

Application deadline: December 3
Find More Details and Apply: https://tumolabs.am/envitech-x-human-rights-ideathone

#TUMOLabs #Ideathon

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If you are an investor or a media representative attending Slush, don't miss a chance to attend an Investor Happy Hour With Latvian Startups 🇱🇻!

A fellow Armenian founder Nerses Khachaturian will be among the founders pitching at the event.

Date & Time: Nov 20 at 2pm

Find more details and sign up here:
https://platform.slush.org/public/slush25/activities/8c702a45-a280-4fc6-ba71-12f5ba5b5ec9

#Slush #InvestorHappyHour

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Humility is a Strength! Watch this video where Lloyd Tabb discusses the way to find product market fit. While the conversation is exciting itself, one thing strikes out. The guy exited his startup to Google for $2.6 bln (❗️), but speaks with more humility than many less successful founders around us 🥰
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US approves export of NVIDIA AI chips to Armenia for Firebird AI project

Sources: Enterprise Armenia, Dell Technologies, Presswire

The US Government has approved the export of NVIDIA AI chips to Armenia for the Firebird AI initiative.

This allows the launch of the first large-scale AI data center in our region – a 100 MW facility with an initial $500M investment, as part of a multi-billion-dollar initiative to establish high-capacity AI supercomputing infrastructure in the region.

As officially announced by Dell in a press-release, this project will be supported by Dell Technologies, providing Dell PowerEdge AI servers and NVIDIA Blackwell GPUs. The data center will support AI development across sectors, including life sciences, robotics, and space.

Phase one of the deployment is scheduled to go online in the first half of 2026.

Photo: Enterprise Armenia

#FirebirdAI #AIFactory

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Women founders: are you ready to level up?

Source: CIVITTA Armenia

WeVenture is a 12-week program for women entrepreneurs looking to:
• grow their business
• validate their product
• sharpen their skills
• become investor-ready

Participants will connect with experienced mentors, expand their network, and gain the tools to pitch to investors both locally and globally.

Apply here: https://survey.alchemer.eu/s3/90938900/593af3123ff6
For questions: irp.armenia@civitta.com

A great opportunity for women founders building scalable startups. Find more details on the program here.

#WeWenture #WomenEntrepreneurship #SupportProgram

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PyData Yerevan to Host Final 2025 Meetup

The PyData Yerevan community is holding its final meetup of 2025, dedicated to exploring more systematic approaches to prompt engineering for large language models.

Erik Davtyan will present on data-driven methods for improving prompt performance, including the GEPA approach, a framework aimed at making prompt engineering more consistent and measurable.

📅 November 26, 2025
🕖 7:00 PM
📍 408e, PAB, American University of Armenia
🔗 Register here: https://forms.gle/2emw5WLYF6Zy6xCZ8

#pydatayerevan #promptengineering

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You can now invest in CaseLens on the eqwefy platform

Sources: How2B, eqwefy

The fundraising campaign of CaseLense is active on eqwefy platform. You can invest starting at 10K AMD (~$25).

CaseLens is an AI case analysis platform for international arbitration and complex litigation. Built for massive, document-heavy cases, CaseLens handles intensive processing that can take up to 50 hours while maintaining high accuracy and consistency. The platform produces source-linked outputs in interactive dashboards where each fact and argument is tied to its source, giving legal teams a strategy-ready workspace with immediate leverage.
AI/ML.

To learn more, please sign up and check out here: https://eqwefy.com/en/startup-investment/8d0363cc-31a5-4cbd-85c3-eeb127c12764

#Eqwefy #CaseLense #Investment

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SmartGate VC invested in Cordance Medicals!

Source: SmartGate VC

SmartGate VC has participated in the $8M seed round of Cordance Medical, led by Sonder Capital with co-investments from Shanda Group, Angel Physicians Fund, R42 Group, the Sontag Foundation Innovation Fund, and the Brain Tumor Investment Fund.

Cordance Medical is pioneering a noninvasive focused ultrasound platform that safely and temporarily opens the blood-brain barrier to deliver therapies for brain tumors and other neurological diseases.

Congrats to SmartGate VC on this milestone. Looking forward to seeing this partnership turned into revolutionary impact in healthcare!

#SmartGateVC #Investment

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AICA accepts applications for its upcoming pitching session!

AICA’s 27th and final pitching session of 2025 is on December 20.

If you’re building something bold and innovative, this is your moment to get in front of the right people and step into the new year with support, momentum, and real investor connections.

Application Deadline: Dec 10, 2025
Apply here: https://form.typeform.com/to/zfS63Hlz

#AICA #PitchingSession #Investment #Funding #ApplyNow

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Netflix to Acquire Warner Bros. for $82.7 Billion 🤯

Source: Netflix

Netflix has announced an agreement to acquire Warner Bros., including its film and TV studios, HBO, and HBO Max.

The deal values Warner Bros. Discovery at $72B equity value (total $82.7B enterprise value) and combines Netflix’s global streaming platform with Warner Bros.’ library and franchises such as The Sopranos, Game of Thrones, Harry Potter, DC Universe, and others.

Read more here

#Netflix #Acquisition

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IBM is buying data infrastructure company Confluent for $11 billion.

Source: TechCruch

Confluent offers a platform that helps enterprises manage streams of data in real time and deploy AI products, which require significant back-and-forth processing of data for inferencing.

IBM said Confluent will complement its existing data and automation products, as well as improve upon its existing offerings across AI, automation, data, and consulting.

Read more in the TechCrunch article here:
https://techcrunch.com/2025/12/08/ibm-to-acquire-confluent-for-11b-as-it-seeks-to-bolster-its-data-offerings/

#IBM #Acquisition

P.S. In just several days two tech giants (Netflix, IBM) announced acquisitions of combined value of around $94BLN 🤯

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D-Prize: Up to $20,000 in Funding for Social Impact Startups

D-Prize has opened its global competition to support entrepreneurs launching new organizations that distribute proven poverty solutions. Grants of up to $20,000 are available for nonprofits, NGOs, and for-profit ventures operating in low- and middle-income countries.

Founders can choose from high-impact challenge areas including health, water, agriculture, livelihoods, energy, public services, education, or submit a custom idea. The goal: design and pilot a distribution model that can scale.

Who can apply:
• New or early-stage organizations (typically <18 months)
• Teams raising <$30K funding
• First-time founders strongly encouraged

Submit a 2-page concept note for Round 1. Top 1% receive seed funding to launch.

Deadline: Dec 14, 2025
Find Details and apply here: https://d-prize.org

#Funding #Grant #SocialImpact

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