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FIVE BEST ARMENIAN INVESTMENT PROJECTS TO RECEIVE STEP GRANTS
YEREVAN, December 4. /ARKA/. The five best Armenian investment projects
will receive grants under the "From Idea To Market Competition"
initiative of the Science and Technology Entrepreneurship Program
(STEP), head of Enterprise Incubator Foundation (EIF) Bagrat
Yengibaryan said at a venture conference on Thursday. This year fifteen
applications sel ected by an expert jury out of a total of 65 have the
chance to participate in the conference. Five winning projects will
receive funding - tree of them $15,000 each, and the other two will get
$7,500 each, Yengibaryan said. The venture conference on accelerated
innovations in science and technology is held in Yerevan as part of
the STEP program. Fifteen investment projects on IT, architecture,
agriculture and biotechnology developed by Armenian researchers
and startups will be presented during the conference. The number of
applicants is higher this year, so is the number of fields, Yengibaryan
said. Another novelty this year is the jury with members that not only
make professional judgments, but are potential investors as well, he
said. Applicants will have an opportunity to get a consultation fr om
the American member of the jury after the project presentation. Deputy
minister of economy Emil Tarasyan said similar events facilitate
formation of IT and high-tech infrastructures. The ministry starts
creating a database of all investment projects, irrespective of whether
they won or not, for future meetings with investors, Tarasyan said. The
venture conference is held by Armenia's ministry of economy, the US
Civilian Research and Development Foundation (CRDF) and the EIF. The
STEP program has been implemented by the EIF together with CRDF Global
and the ministry of economy since 2006 to reveal efficient ideas,
teams and projects of interest to investors. -0--
http://telecom.arka.am/en/news/business/five_best_armenian_investment_projects_to_receive_ step_grants/#sthash.g6Gzxojy.dpuf
From: A. Papazian
YEREVAN, December 4. /ARKA/. The five best Armenian investment projects
will receive grants under the "From Idea To Market Competition"
initiative of the Science and Technology Entrepreneurship Program
(STEP), head of Enterprise Incubator Foundation (EIF) Bagrat
Yengibaryan said at a venture conference on Thursday. This year fifteen
applications sel ected by an expert jury out of a total of 65 have the
chance to participate in the conference. Five winning projects will
receive funding - tree of them $15,000 each, and the other two will get
$7,500 each, Yengibaryan said. The venture conference on accelerated
innovations in science and technology is held in Yerevan as part of
the STEP program. Fifteen investment projects on IT, architecture,
agriculture and biotechnology developed by Armenian researchers
and startups will be presented during the conference. The number of
applicants is higher this year, so is the number of fields, Yengibaryan
said. Another novelty this year is the jury with members that not only
make professional judgments, but are potential investors as well, he
said. Applicants will have an opportunity to get a consultation fr om
the American member of the jury after the project presentation. Deputy
minister of economy Emil Tarasyan said similar events facilitate
formation of IT and high-tech infrastructures. The ministry starts
creating a database of all investment projects, irrespective of whether
they won or not, for future meetings with investors, Tarasyan said. The
venture conference is held by Armenia's ministry of economy, the US
Civilian Research and Development Foundation (CRDF) and the EIF. The
STEP program has been implemented by the EIF together with CRDF Global
and the ministry of economy since 2006 to reveal efficient ideas,
teams and projects of interest to investors. -0--
http://telecom.arka.am/en/news/business/five_best_armenian_investment_projects_to_receive_ step_grants/#sthash.g6Gzxojy.dpuf
From: A. Papazian