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Plug and Play adds Armenia to startup program

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  • Plug and Play adds Armenia to startup program

    Bizjournals.com
    Dec 11 2012


    Plug and Play adds Armenia to startup program


    Silicon Valley / San Jose Business Journal by Cromwell Schubarth,
    Senior Technology Reporter
    Date: Tuesday, December 11, 2012, 1:56pm PST


    Plug and Play Tech Center added Armenia to its international startup
    pavilions this week, marked by a visit from Tigran Sargsyan, the prime
    minister of the former Soviet republic.

    This marks the fourth former USSR state to work with the Sunnyvale
    incubator, joining Russia, Kazakhstan and Tajikistan.

    "These countries that were part of the Soviet Union are seeing the
    opportunity to foster a startup culture by working with us," said Plug
    and Play CEO Saeed Amidi.

    The Armenian program will bring a new startup from that country to
    Sunnyvale every three months, similar to the programs with Kazakhstan
    and Tajikistan.

    The Russian program involves Plug and Play working with startups from
    Moscow and St. Petersberg for three to six months and then those
    companies coming here for three months. There are about 20 companies a
    year involved there, Amidi says.

    There are now 17 countries working with Plug and Play, Amidi says,
    with 120 companies being coached from them this year.

    http://www.bizjournals.com/sanjose/blog/2012/12/plug-and-play-adds-armenia-to-startup.html

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