Tuesday, September 17 2019 18:18
Naira Badalian

Deputy Minister of Economy and international business angels  discussed prospects for expanding investment opportunities in  Armenian start-up teams

Deputy Minister of Economy and international business angels  discussed prospects for expanding investment opportunities in  Armenian start-up teams

ArmInfo.On September 17, Deputy Minister of Economy of Armenia Naira Margaryan received international experts and venture investors - President of Business  Angels Europe / BAE /, Executive Director of the largest venture  company META, founder of the Italian Business Angels Network Luigi  Amati, as well as Honorary Chairman of the European Business Angels  Network / EBAN / Brigitte Baumann.

According to the press service of the Ministry of Economy, during the  meeting they discussed prospects for expanding investment  opportunities in startup teams.

According to Naira Margaryan, ensuring the financial accessibility  for SMEs is a priority for the ministry, and business angels and  venture investors are an integral part of this process.

As international experts pointed out, legislative reforms and  simplification of procedures can make Armenia more attractive among  business angels, which can also lead to an increase in their  investments.

To note, the largest venture capital company META invested in startup  teams in various countries about 40 million euros. Brigitte Baumann  in 2015 recognized as the best European investor. She is the founder  of Go Beyond Early Stage Investment Investing Company, operating in  France, UK and Switzerland.  Baumann also advises businesses and  government representatives from various countries.

The Association of Business Investors Business Angel Network of  Armenia (a network of business angels of Armenia (BANA), in addition  to providing financial resources to start-up teams and start-up  entrepreneurs, teaches them to develop business strategies and  attract potential customers.

International experts are in Armenia at the invitation of the BANA  Business Angel Network of Armenia to participate in a conference on  attracting investments for executives and investors of information  technology and business, forming startup ecosystems and providing  advice on other issues. The Association of Business Investors  Business Angel Network of Armenia (BANA), in addition to providing  financial resources to start-up teams and start-up entrepreneurs,  teaches them to develop business strategies and attract potential  customers.

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