Four winning startups from Revive Deep Tech Accelerator received grants

27 December, 2021

The official closing ceremony summarizing the results of the UNDP Revive Deep Tech Accelerator program implemented by the Foundation for Armenian Science and Technology (FAST)  was held in Yerevan.

The purpose of the accelerator was to develop the capacity of local and foreign startups and expand their current activities into developing assistive technologies to improve the quality of life of persons with disabilities.

Revive Veteran Support Program is the project of the UNDP’s ImpactAim Ventures Accelerator was implemented by the FAST. The Ministry of Labor and Social Affairs was the partner of the project.

18 startups from seven countries, including Armenia, applied for Revive, with 12 participating in the 5 week acceleration program.Through FAST’s program, they refined their solutions, got acquainted with the procedure of entering the local and international markets, obtaining the necessary health certificates, and received advice on other areas of business development.

4 winner companies are from Armenia, Iran, and the United States. Armenian AIP Tech startup received a grant of $7,000, the other three - Key2enable, Sheral, and Oqni - received a grant of $2,000 each.