News/Press

Startup Boost Weekend
The Startup Boost Weekend, a unique 54-hour event targeting around 120 university students not only from Yerevan but from various marzes of Armenia, took place from 14-16 September, providing participants with the opportunity to define and shape their startup ideas, develop teams, and under the supervision of experienced mentors present fresh and creative startup ideas. For the second year now,...
In the Grovf offices in Yerevan
Grovf – an Armenian start-up supported by EU4Business and engaged in the Internet of Things (IoT) and database hardware acceleration – is one of two SMEs in the Eastern Partnership region, selected for funding under the first phase of the European Innovation Council’s (EIC) pilot of its SME Instrument. The second company – Raccoon Technologies – is from Ukraine. The company produces Raccoon...
Participants at the Women Entrepreneur’s Club
Around a hundred women gathered for the second Women Entrepreneurs' Club, organised in Yerevan by the EU-SMEDA project on August 30. Leading women entrepreneurs representing Creative Industries , Tourism , IT and Business Consulting gathered to exchange their experience, build new business connections and cooperation opportunities in a format of free networking and 'Speed Business Dating' around...
EU4Business STEP grants
The EU4Business ‘ Support to SME Development in Armenia ’ (SMEDA) project, in cooperation with the Enterprise Incubator Foundation, has launched the second cycle of its grant competition under the ‘EU4Business Science and Technology Entrepreneurship (EU4Business STEP) programme – Business Development Support for innovative technology Start-ups’. The deadline for applications is October 1. The...
‘Successful Start’ programme
The EU4Business project for ‘ Boosting competitiveness of regional SMEs ’ in Armenia is launching the second and third rounds of its ‘Successful Start’ programme aimed at start-ups, SMEs that have been in business for the last three years, and job seekers in business managerial positions, in the regions of Armavir, Lori, and Syunik. The targeted sectors of the programme are food processing and...
Dried fruit are among the sectors supported by the project
The International Trade Centre (ITC) has officially launched the EU4Business ‘Ready to Trade’ project in Armenia. The purpose of the event was to present to the business community, institutions and government officials the main findings of its value chain analysis for selected product groups, and the roadmap of forthcoming project activities. The launch event took place in Yerevan on 4 July. In...
Bridging the Gap: EFSE impact report
The European Fund for Southeast Europe (EFSE) released its Impact Report today, showcasing the fund’s accomplishments in supporting entrepreneurs as the drivers of micro and small enterprises (MSEs) – the economic backbone of the fund’s target regions. EFSE aims to foster economic development and prosperity in Southeastern Europe and in the European Eastern Neighbourhood region – where it...
Assessing the SME framework in Armenia
A meeting of the SBA Public-Private Working Group took place in Yerevan on 11 July, to l aunch the third cycle of the Small Business Act for Europe (SBA) Assessment, organised by the OECD in the framework of the EU-funded project ‘ EU4Business: From Policies to Action ’. The Small Business Act for Europe is an overarching framework for EU policy on SMEs. It aims to improve the approach to...
Six Armenian start-ups will receive up to €35,000 in seed funding from the EU-SMEDA project, implemented as part of the EU4Business initiative, after winning the final stage of the EU-supported Innovation Matching Grants competition (IMG) - IMG Venture Forum, held on June 29 at the Vanadzor Technology Centre. The 16 shortlisted start-ups had undergone a process of pre-selection, excessive...
The Grovf team at work
Grovf – an Armenian startup supported by EU4Business and engaged in the Internet of Things (IoT) and database hardware accelaration – has been awarded a grant from Horizon 2020 – the biggest EU Research and Innovation programme. Grovf was supported and guided by the EU-SMEDA (Support to SME development in Armenia) project throughout the whole application process and this is now their second...