Ameriabank became general partner of Sevan StartUp Summit business-forum
ArmInfo. The prize fund of Sevan StartUp Summit business forum in 2017 was $ 40 thousand, compared to $ 7.5 thousand a year ago, Hakob Hakobyan the founder of the StartUp Armenia fund stated on July 21 at the press conference.
According to him, the forum has expanded not only the geography of
participants, but also investors, partners, mentors and teachers. In
particular, among the applicants besides Armenian start-ups there are
teams from India, Colombia, Iran, Georgia, and Russia. Taking into
account the unprecedented involvement of a wide partner network,
investors and companies of different directions, according to A.
Akopyan, the forum is now at the center of attention, which obliges
the Fund to work more quickly to conduct a tent business forum in
2018, with the aim of increasing the international significance of
the event. "We want to make the Sevan StartUp Summit center on the
startup map so that participation in our forum is already considered
an achievement," he stressed. In particular, the head of StartUp
Armenia noted that next year the Fund hopes to attract participants
from 30-50 countries. At the same time, the organizers associate
positive expectations with investments. In this regard, Hakobyan
noted that last year the volume of investments from investors was
about $ 30 thousand. "This year we expect investments to exceed $ 200
thousand," he said.
Ameriabank is the general partner of the business forum. "The bank
rendered financial assistance to the Fund in organizing the forum,
and the Grand prix of $ 8,000 will also be provided by Ameriabank,"
said Ameriabank's director for technology and operations, Burastan
Movsisyan, responding to a question from ArmInfo. In this regard, she
stressed that the Bank is pleased to make its contribution and be
part of a similar project that will contribute to the development of
innovative business in the country.
Within the framework of the forum, according to the organizers, for
participants from July 24 to 26 will be held 12 lectures, after which
competitions will begin on July 27 for teams of different directions,
in particular start-up-battles, competitions for programmers. Big
Battle will be held on July 30, within which the team that won first
place will receive $ 5 thousand, second place - $ 2.5 thousand and
third place - $ 1,000. At the same time, according to the forum
conditions, more than 20 teams will receive cash prizes. The total
number of startup teams is about 100, which will present their ideas,
products and solutions in financial, technological, agricultural,
scientific, tourist and other fields. Every day, up to 1000 visitors
are expected. 700 people will live in a tent city on the shore of
Sevan for 7 days, and the number of mentors and teachers will exceed
300 people.
To note, CJSC "Ameriabank" is a universal bank that offers the
investment, corporative and retail banking services. The shareholder
of the bank is Ameria Group CY Ltd. with 100% share in the capital.