1/3 Buzand, Yerevan, Armenia
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Armenian Startup Acceleration Project


“Armenian Startup Acceleration Project” (ASAP) is a twelve-month program that aims to bridge Armenian startups to global markets.

The project will activate a vast network of different industry representatives, companies and enterprises, public agencies, NGOs, universities and training centers to ensure the success of the startups.

During twelve-month period ASAP selects and promotes startups with global potential, and calculates “success formula” for each startup to ensure essential resources, skills, networks and markets for success.


Within the Project will be organized four notable events

  • Meet and greet
  • Selection of top-30 promising startups
  • Advisory meeting with established startup leaders
  • Progress-report

ASAP model

  • Boosts startup creation and development
  • Mobilizes local and Diaspora sources for funding and institutionalized angel and VC funding
  • Utilizes business and academic networks for commercial bridging
  • Provides consulting, advocacy and other support to startups
  • Connects high-potential startups to global markets
  • Works to alleviate business and legal constraints


Business Angel Network of Armenia (BANA)


Business Angel Network of Armenia (BANA) is a network of investors, entrepreneurs and executives from Armenia and abroad interested in making investments in startup companies. In addition to capital, the members bring their expertise and experience to mentor aspiring entrepreneurs and connect them to resources that help startups succeed.

Uniting accomplished business leaders from Armenia and Diaspora and connecting them to promising startups, BANA creates value both for investors and for entrepreneurs. The investors benefit from opportunities for financial return and increase their chances of success by learning from and co-investing with other BANA members whose expertise spans a wide range of fields. The entrepreneurs benefit from the opportunity to present their products to investors who understand their industries and to receive financing and mentorship.

In addition to bringing investors and startups together, BANA is building an ecosystem that facilitates successful investments. It offers a range of services to both groups, such as pitching trainings to entrepreneurs and angel investing courses to the members. In an effort to foster the growth of the ecosystem, BANA is developing a network of support, which includes law firms, financial service providers and other entities that facilitate the investment process.


Sevan Startup Summit


The first non-formal startup event in the region and the first startup tent camp in the world. During the 7 days of the event, startups and investors have a unique opportunity to spend full days together in a non-formal environment where they can share ideas, develop relationships and find partners.

The event was first held on the shores of Lake Sevan in Summer 2016. Best startup teams received $40,000 in form of prizes and investments.

In co-organizing with GlobalAM and Startup Armenia Foundation Sevan Startup Summit 2017 will be held from July 24th to 31st and have more than 1000 participants. High profile business leaders will be attending the event. 70 startups will participate and compete for more than $40,000 prize fund. More than $200,000 will be invested in startups by angel investors and VCs.