ArmInfo. On August 15, a contract signing ceremony was held at the Ministry of High-Tech Industry of the Republic of Armenia with the organization that won the grant for the "Acceleration Program".
As reported by the press service of the Ministry, 4 international organizations applied to participate in the competition.The accelerator "Plug and Play Germany GmbH" was declared the winner by the tender committee. The budget for the competition is 336 million drams. The 26-week program is designed for start-up companies operating in Armenia. During the program, the companies will receive consulting services, capacity building, business development support and networking services. The program also includes innovative support and individual mentoring. The contract was signed by the Secretary General of the Ministry of High-Tech Industry of the Republic of Armenia David Gasparyan and the Executive Director of Plug & Play Germany GmbH Sasha Karimpour.
During the contract signing, Deputy Minister Ruben Simonyan and Sasha Karimpour spoke about the significance of their cooperation and the potential for future interaction. Ruben Simonyan conveyed his believe that the cooperation will be fruitful and introduce a fresh approach to programs focused at developing startup ecosystems in Armenia. The Deputy Minister also outlined the state's policy aimed at industry development, highlighting key areas such as high technologies, state supported programs for the development of the industry, international and supranational companies operating in Armenia, and other relevant topics.
Sasha Karimpour, in turn, presented the activities and experience of Plug and Play Germany GmbH in similar programs. He emphasized that an important condition for the formation of an ecosystem in line with international standards is education based on innovative technologies, which is the basis of their activities.
The parties expressed hope that the cooperation will not be limited to a 26-week program, but will become permanent. Plug and Play Tech Center is a globally renowned innovation platform and startup accelerator headquartered in Silicon Valley. It brings together startups, corporations, and investors to drive technological advancements and business growth. With a presence in many countries, Plug and Play offers a robust ecosystem that supports startups through mentoring, funding, and networking opportunities, helping them expand their reach and succeed in a variety of industries. The Plug and Play Tech Center has partnered with a number of global and prestigious organizations, such as: VISA, ROCHE, JAGUAR LAND ROVER, WALMART, Mercedes-Benz, VOLVO, PORSCHE, NISSAN, and more. Plug and Play Tech Center portfolio includes over 30 organizations, including PayPal, Dropbox, Honey, SoundHound, Rappi, CourseHero, Pinterest, Pony.ai, and more.
