5 Opportunities and Platforms for Startups in Armenia

20 May, 2022

If you live in Armenia and you have an idea for a startup, congratulations, you have the opportunity to develop it! In this country, they understand the importance of technology and do their best to develop innovations. We made a selection of platforms that help to upgrade a startup, and opportunities that can be used right now.

Enterprise Incubator Foundation, EIF

The Enterprise Incubator Foundation, EIF is a business incubator founded in 2002 as part of the World Bank's Enterprise Incubator project. This is one of the largest business incubators in the region. EIF cooperates with a number of international companies and organizations. The Incubator implements a number of opportunities for innovative projects from Armenia. Among them is the Faculty Research Funding Program 2022. Teams that conduct scientific and research projects in the following industries can take part:

  • Materials science, sustainable materials, materials with magnetic properties;
  • Alternative non-electronic energy sources;
  • Heating and heat transfer technologies;
  • Neuroscience, sensorial experience, sensing technologies;
  • Aerosol science and technology;
  • Botanicals and Agronomy;
  • Toxicological methodologies;
  • Applied and experimental physics;
  • Industrial and systems engineering, electronic engineering, prototyping;
  • Mathematics, mathematical modeling, data science;
  • Analytical chemistry.

Apply till June 15, 2022. 15 selected projects will receive funding in the amount of 7 million AMD. More information.

You can learn about other programs and opportunities of the incubator here.

Impact Aim

Impact Aim is a venture capital accelerator created with the support of the United Nations Development Program.

Collaborates with local and international sustainable startups that are equally interested in business and impact, from areas such as:

  • Sustainable agriculture and food processing;
  • Regional, urban and rural development;
  • Green economy;
  • Innovation of public and social services Govtech/Edutech/Fintech;
  • Empowering vulnerable groups;
  • Gender Equality.

You can read more about the acceleration program and selection criteria here.


Microsoft Innovation Center Armenia

Microsoft Innovation Center Armenia is part of Microsoft's global IT innovation network. A joint project of the United States Agency for International Development (USAID), Microsoft Corporation and the EIF has been operating since 2011. The Center initiates, organizes, and implements various targeted projects and activities, which include training programs and coding bootcamps; startup-targeted programs and competitions; resources and infrastructure to support IT start-ups, professionals, and students, giving them access to the latest tools and technologies.

So, on May 29, a free course for young people from 15 years old will start in the Armavir region "Fundamentals of Web Programming". Participants will learn how to develop web pages with HTML/CSS and study the basics of one of the most popular web programming languages, Javascript. To apply, please fill out the form. Applications are accepted until May 24th. Limited number of seats.

You can find out about other upcoming Microsoft Innovation Center Armenia events in the Facebook community.

AI Incubator

AI Incubator by Hero House is an incubation program designed to help innovative entrepreneurs scale business solutions based on AI-technologies.


By the way, on July 15, 2022 at 6 p.m. PST there will be a demo day of the Hero House Glendale Gateway acceleration program, during which startups from Eastern Europe will present their projects to investors. You can find out more and register here.


KOLBA, a project of the United Nations Development Program and the European Union in Armenia, was launched as an incubator for projects in the field of social innovation. Kolba is currently implementing several projects:

  • Kolba Jobs is a platform that contains vacancies for remote work, as well as a number of educational courses. The platform has an English version.

  • Future Skills and Jobs for Armenia's Rural Youth is a project for the rural youth of Armenia.

  • FUTURE TODAY is a project to empower women, youth and children to deepen democracy in Armenia.