ANNOUNCEMENT /03.03.2021/
Enterprise Incubator Foundation announces NEW CALL for the Innovation and Regional Matching Grant competition, in the scope of the "Matching Grants" Program implemented with the assistance of the RA Government, RA Ministry of High-Tech Industry and the World Bank.
The Grant Program aims at assisting companies operating in Yerevan and in the regions to develop their innovative tech products and solutions, as well as to direct them to promote traditional sectors of the economy.
In this stage of the Grant Competition more importance will be given to the innovative applications in the field of Information and High-Tech sector, such as, engineering (automation systems, instrumentation), material science, cybersecurity, artificial intelligence.
Participants selected within the framework of the grant program will get an opportunity to work with experienced mentors, with the support of which they will develop skills in project presentation, and attracting finance and investment, international clients, and partners.
The amount of co-financing provided by the grant program can be from 5,000,000 AMD to 25,000,000 AMD.
Besides, according to the sub-components of the program, the co-financing will be provided respectively:
- in case of Innovation Matching Grants (when the company is located in Yerevan or up to 50km from Yerevan), in amount of 50% of the presented project budget.
- in case of Regional Matching Grants (when the company is located at least 50km from Yerevan), in amount of 85% of the presented project budget.
Maximum duration of the project is 1 year.
All participants should meet the conditions of the Grant Project Operational Manual and be guided by the requirements set forth in it.
By the following links you can download the Project Operation Manual, Application and Budget forms.
Applications for the Matching Grants program must be submitted to [email protected] until April 5, 2021, 23:59 (Yerevan time).
Applications must be submitted both in Armenian and in English.
Preliminary online information sessions will be organized for all interested candidates in order to provide detailed information about the Program.
In case of additional questions:
Contact person:
Ani Hovhannisyan
Tel.: +374 11 219734; e-mail: [email protected]
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MATCHING GRANTS COMPETITION 
