EU supports tech startup ecosystem in Armenia

Photo: Unsplash
Photo: Unsplash

On 15 March, the EU Delegation to Armenia organised a site visit in Yerevan to get acquainted with the innovative companies and startups that have received technical and financial support in the framework of the EU's “Support to SME Development in Armenia” (SMEDA) project.

The visit was attended by the EU Ambassador to Armenia Piotr Świtalski and group of journalists.

During the visit, the EU Ambassador mentioned that there is huge potential in the startup ecosystem in Armenia as a driver for economic development and knowledge-based growth.

“In particular, this is [a] very interesting field for [the] younger generation,” he added. “The EU supported cutting-edge start-ups we visited today are a vivid example of the fast-growing competitive tech ecosystem in Armenia.”

Since 2017, the EU-funded SMEDA project has been supporting Armenian startups with two types of grant – innovation matching grants and science and technology entrepreneurship grants.

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Press release