The Ministry of High-Tech Industry of the Republic of Armenia is launching the “From Idea to Business” grant competition, offering 29 tech projects the opportunity to win up to 10 million AMD each, with a total budget of 290 million AMD.
The initiative aims to foster innovation in high-tech and address modern challenges. Additionally, the Bahamut Foundation is providing an FTN investment fund of 50 million AMD, which could increase based on the project’s investment potential and creativity.
A competition featuring a “Market Access” component is set to offer grant funding to companies for bringing their products to market. The goal is to create new value in the high-tech sector and/or address current challenges through technological solutions. The total budget for these grants is 290,000,000 AMD, with each winning company eligible to receive up to 10,000,000 AMD.
Only legal entities that fulfill the following minimum requirements are eligible to participate in this tender.
The application deadline is September 16, 2024, and submissions can be made via www.armeps.am
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