ArmInfo.The EU launches a new program aimed at developing social entrepreneurship for the Eastern Partnership countries and Russia. This is stated in the official statement of the Armenian office of the EU.
In particular, it is reported that this program, which is called "Cooperation for Social Impact" with a budget of 5 million euros, will be carried out by the organization European Venture Philanthropy Association (EVPA). According to the source, the latter is one of the best European companies in the field of social and humanistic investments, not pursuing commercial goals.
In Armenia, this program will include two special components with a budget of 2 million euros. In particular, we are talking about advising and assisting in the incubation and acceleration of promising social business ideas, as well as the creation of a Venture Capital Fund to stimulate social entrepreneurship throughout Armenia.
