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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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๐Ÿฆ„ Two unicorns. One founder. One stage.

George Karibian, founder of not one but two billion-dollar companies, is speaking today, Oct 12 2025, at 19:00 at DigiTec 2025, Hall 1.

Every tech founder dreams of building a unicorn. Georgeโ€™s done it twice.
๐Ÿคฏ Honestly, few in the world can say the same.

Today, heโ€™ll share how he did it โ€” and what it really takes to scale to $1B.
If thereโ€™s one day to visit DigiTec, itโ€™s today.

โ—๏ธAdmission is free, but registration is required.
๐Ÿ‘‰ Register here

#DigiTec #DigiTecArmenia #DigitecbyUATE #DigiTec25

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๐Ÿ”ฅ Join 3N to stay updated on startup opportunities!
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3N Startups
๐Ÿฆ„ Two unicorns. One founder. One stage. George Karibian, founder of not one but two billion-dollar companies, is speaking today, Oct 12 2025, at 19:00 at DigiTec 2025, Hall 1. Every tech founder dreams of building a unicorn. Georgeโ€™s done it twice. ๐Ÿคฏ Honestlyโ€ฆ
๐Ÿ’ฌ Key Takeaways from George Karibianโ€™s Talk at DigiTec 2025

โ€ข Crisis is a wave. Every crisis (Covid, now, or next) destroys and creates. The key is to survive one more day. Resilience is everything. Software as we know it is dead โ€” but thatโ€™s either the biggest crisis or the biggest opportunity, depending on who you are.
โ€ข Size kills imagination. Like an elephant that once failed to break a rope and later stops trying. Big companies forget whatโ€™s possible. They have muscle but lack vision.
โ€ข Play your strengths. Michael Schumacher won when it rained โ€” he attacked when others played safe. Compete on your advantage, not their battlefield. Never outsource your brain. They once paid Deloitte โ‚ฌ50K per country for EU expansion advice; it failed. When they did it lean and fast, it worked.
โ€ข Unifying vision. A strong vision should survive across all company stages โ€” PMF, scale, maturity. One of their board members once refused a lucrative Rolls-Royce contract, saying: โ€œIf you take this, I walk out. If youโ€™re everything, youโ€™re nothing.โ€ Later they found out that was a brilliant advice helping them to stay focused and agligned with their strategy.
โ€ข The Wall of Pain. At Dojo, they realized customers didnโ€™t love them like Apple customers did. They filled an entire wall listing pain points. That brutal honesty led to building a new payments system from scratch โ€” clean architecture, customer-first design, and lasting competitive edge.
โ€ข Killer GMs. The โ€œextreme ownersโ€ of the business are the rare people who take full responsibility. When you find one, give them everything they need. They combine killer instinct with extreme humility.
โ€ข Team โ‰  Family. A startup isnโ€™t a family. Itโ€™s more like a football team. Youโ€™re here to win. Push people out of their comfort zones. Fire when you must.

#DigiTec #DigiTecArmenia #DigitecbyUATE #DigiTec25

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๐Ÿงฉ PyData Yerevan is calling for speakers!

Been experimenting with data, machine learning, or AI? This is your chance to bring it to the stage.

Each month, PyData Yerevan gathers Armeniaโ€™s data scientists, engineers, and researchers to share knowledge, exchange ideas, and discuss the latest in AI and machine learning. The initiative is part of the global PyData network, which promotes open-source tools and community learning.

The meetups often feature practical case studies, research insights, and fresh approaches that reflect the growing depth of Armeniaโ€™s data community.

So if youโ€™ve got something interesting, donโ€™t keep it to yourself. The PyData crowd loves a good story, question, or discovery.

๐Ÿ’ก Submit your 45-minute talk proposal here (takes 5 min):
๐Ÿ‘‰ https://forms.gle/YpYaqppHZqTvhrz78

#PyDataYerevan #Speakers #AI #ML

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Luminate Accelerator โ€“ Cohort 9 Applications Are Open!

Are you building deep-tech using optics, photonics, or imaging? Luminate Accelerator can help you raise, refine, and scale.

What you get:
โ€ข $100K at program start + up to $1M in follow-on funding
โ€ข Access to 30+ global investors (Samsung, Sony, Corning, J&J, Launchpad Ventures, etc.)
โ€ข Business training, IP support & tools (PitchBook, MATLAB, Zemax OpticStudio)
โ€ข Access to New Yorkโ€™s 160+ company photonics cluster

๐Ÿ“ Hybrid program based in Rochester, NY
๐Ÿ—“ Applications close: January 12, 2026

๐Ÿ‘‰ Apply and find more details here: https://luminate.org/apply/

#Luminate #Accelerator #DeepTech

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๐Ÿ”ฅPlug and Play Tech Center kicks off their Armenian Incubator program today - Oct 17, 2025!

Looking forward to what comes next of this partnership.
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๐Ÿ‡ฆ๐Ÿ‡ฒ President Vahagn Khachaturyan Awarded the Medal of Gratitude to Adam Kablanian

Source: President.am

Earlier today, President of Armenia Vahagn Khachaturyan received serial entrepreneur Adam Kablanian, Managing Partner of the S-Unik Investment Fund.

Adam Kablanian was honored with the Medal of Gratitude as a recognition of his lasting contribution to the development of Armeniaโ€™s high-tech industry.

Some of Adam's achievemnets:
- He co-founded and led Virage Logic in 1996, which went public on NASDAQ in 2000 and grew to 700+ employees (now part of Synopsys).
- He later led other deep-tech ventures, including PlasmaSi (OLED encapsulation), Cynora GmbH (TADF OLED materials).
- Heโ€™s not only tech: In 2017 he founded Alexandrea Winery in Armenia, blending heritage and innovation in viticulture.

Gratitude to Adam for all his contribution to the development of the Armenian high-tech ecosystem!

#AdamKablanian

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Armeniaโ€™s Angel & VC Deals 2025 โ€“ 3N's Intermediary Recap of 2025

8 investments | 1 exit

๐Ÿš€ Investment Deals
1) BANA Angels & Formula VC โ†’ Prodmap AI
2) STAN & Triple S Ventures โ†’ My Town AI
3) STAN โ†’ Stealth Startup (undisclosed)
4) Alchemist Doha โ†’ Denovo Sciences
5) Plug & Play โ†’ Prodmap AI
6) STAN โ†’ SimCare AI
7) Dell Technologies Capital โ†’ SuperAnnotate ($13.5 M; making the total of SuperAnnotate's Series B round $50 M)
8) STAN โ†’ TACTUN

Exit:
Braze acquired OfferFit โ€” co-founded by George Khachatryan โ€” for $325 M.

Note from 3N
The overall number of investment deals on 3N in 2025 was significantly less than we saw in previous years.
Worth digging deeper to see the reason.

However, the year that has a $325M exit announcement is still special :)

๐Ÿ“ข Tell Us What We Missed:
Please let us know if we missed any deals or rounds that were announced publicly but we missed them.

Help us to keep the ecosystem deal map up to date.

#3N #EcosystemRecap

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๐Ÿ”ฅ Join 3N to stay updated on startup news!
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๐Ÿ“ข A personal request to the startup community

Hasmik Meloyan, a Masterโ€™s student at AUA, is conducting research on barriers to finance for Armenian startups as part of her thesis (I'm Hasmik's academic supervisor for the thesis prep).

She has launched a survey to capture quantitative insights and map the key challenges founders face when raising capital.

Please take 4 minutes to share your perspective โ€” your input will help Hasmik build a more complete picture of our ecosystemโ€™s realities.

๐Ÿ”— Hasmikโ€™s LinkedIn Post
๐Ÿ“ Take the Survey

Feel free to reach out to Hasmik directly (through LinkedIn) if you have anything additional to share with her on this study.

Thank you for your support and time ๐Ÿ™

Ruben

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Join PyData Yerevanโ€™s October Meetup

How can we predict events that have never happened before?

At this monthโ€™s PyData Yerevan meetup, Nikolai Semiachkin will explore how LLMs and prediction markets can help estimate probabilities for rare, high-impact events.

Join the session to explore new ways of thinking about forecasting and uncertainty.

๐Ÿ“… Date: October 30
๐Ÿ•– Time: 7:00 PM
๐Ÿ“ Location: 213w, PAB, American University of Armenia
๐Ÿ”— Register here: https://forms.gle/Cr7g2CCkGB9w9dD19

#PyDataYerevan #AI #LLM

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๐Ÿ‡ฆ๐Ÿ‡ฒ Dexatel launches on Product Hunt

Armenian tech company Dexatel has introduced a new Email OTP / 2FA verification feature on Product Hunt, marking its first launch on the platform.

Dexatel is an all-in-one Communications Platform as a Service (CPaaS) that enables global customer communication via SMS, Voice, WhatsApp, Viber, Telegram, and Email through a single API.

The new feature expands its verification options, allowing businesses to verify users securely via email. It also supports Dexatelโ€™s smart fallback system, which automatically switches between channels (e.g., SMS to email) to ensure every verification is delivered.

๐Ÿ”— Check it out and show your support on Product Hunt.

#Dexatel #ProductHunt #CPaaS

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Renderforest Launches AI Video Generator on Product Hunt

๐Ÿ‡ฆ๐Ÿ‡ฒ Armenian tech company Renderforest has launched its new AI Video Generator on Product Hunt.

Whatโ€™s new: The tool allows users to type an idea and automatically generate a complete video, featuring consistent characters, natural voiceovers, and full editability all within minutes.

๐Ÿ‘‰ Explore and upvote it on Product Hunt.

#Renderforest #ProductHunt #VideoGenerator

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๐Ÿ’ก SmartGate VC co-invested in Coherence Neuroโ€™s Seed Round

Source: SmartGate VC

Congrats to SmartGate VC on joining the $10M seed round of Coherence Neuro, alongside Topology Ventures and Artesian (Alternative Investments).

Coherence Neuro is developing a coin-sized, fully implantable brain-computer interface (BCI) that detects tumor-related bioelectric activity and delivers precise, targeted stimulation. The approach enables continuous, personalized cancer therapy, powered by AI-driven in-vivo data.

Congratulations to the SmartGate VC on this milestone ๐Ÿ‘

#SmartGateVC #Investment

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๐Ÿš€ Plug and Play Armenia โ€“ Community Series #1

Join the first event of the Plug and Play Armenia Community Series, a new monthly gathering bringing together Armeniaโ€™s local and global players of the startup ecosystem. Each month will spotlight a key theme shaping the future of innovation, with insights from Plug and Play mentors, alumni founders, and guest investors.

This monthโ€™s focus: Fundraising in an International Environment
Learn how to raise capital across borders, build lasting investor relationships, and scale globally.

Event Details:
November 5 at ISTC Foundation

Agenda:
- 18:30: Registration
- 19:00: Intro โ€“ Anthony Tourtois
- 19:10: Panel โ€“ Arthur Karapetian, Kevin Chavanne, Colin Turner, Hannah Boomgaarden
- 19:40: Presentation โ€“ Ruben Osipyan (STAN) ๐Ÿซฃ
- 20:00: Q&A
- 20:15: Closing Remarks
- 20:30 โ€“ 21:30 Networking & Drinks

๐ŸŽŸ Spots are limited โ€” Secure Your Spot Here

#Networking #Event #PlugAndPlay

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๐Ÿ”ฅ Join 3N to stay updated on startup opportunities!
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๐Ÿš€ Applications Open for UCLA Anderson Winter Accelerate Program

The Venture Accelerator at UCLA Anderson is now accepting applications for its Winter Accelerate Program. It is a 3-month journey (Februaryโ€“May) designed for early-stage founders ready to move from pre-seed to seed funding.

Who can apply:
- UCLA students, alumni, and members of the Los Angeles / UC community
- Founders with a prototype or launched product, early traction, and a full-time team.

Program Highlights:
- Expert mentorship, investor exposure & growth workshops
- Covers fundraising, scaling, go-to-market, and leadership
- $3,000 program fee (waived for UCLA Anderson students)

Application Deadline: November 21, 2025 (11:59 PM PT)
Apply Here: https://ucla.startuptree.co/event/s/24dUC33j74isSfn2jLbAqM/Winter-Accelerate-Program

#UCLA #VentureAccelerator

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IBM Researcher to Speak at PyData Yerevan

What happens when small language models are asked the same question twice โ€” and donโ€™t give the same answer?

Thatโ€™s the question Dr. Claudio Pinhanez, Principal Research Scientist at IBM, will explore at the upcoming PyData Yerevan meetup. 

His talk, โ€œThe Non-Determinism of Small LLMs,โ€ dives into how smaller models (2Bโ€“8B parameters) handle repeated multiple-choice tests, and what that reveals about their accuracy and reliability.

๐Ÿ“… Date: November 6
๐Ÿ•– Time: 7:00 PM
๐Ÿ“ Venue: Room 213W, PAB, American University of Armenia
๐Ÿ”— Register here

#PyDataYerevan #AI #machinelearning #LLMs #AUA

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๐Ÿš€ Save the Dates - Sevan Startup Summit 2026 - Jul 26 to Aug 1, 2026

Source: Seaside Startup Summit

The dates of the Sevan Startup Summit in 2026 are announced. The event will take place from Jul 26 to Aug 1, 2026 at the Sevan Festival City (Google Map Link).

This is:
โ€“ An opportunity for early-stage startups to pitch, grow, and connect with investors and mentors.
โ€“ A must-attend gathering for ecosystem builders to network, collaborate, and discover emerging talent.
โ€“ A chance for companies as well as scaling startups to sponsor the summit and give back to the community.

Application forms are coming soon!

#Sevan26 #SevanStartupSummit #SeasideStartupSummit

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๐Ÿ”ฅ Join 3N to stay updated on startup opportunities!
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eqwefy - Democratizing Investments in Armenian Startups

eqwefy is reshaping how investors engage with Armeniaโ€™s tech ecosystem and makes early-stage investment more accessible, transparent, and responsible.

The platform connects investors with carefully vetted Armenian startups, each already backed by professional venture funds or angel investors. Every listed company undergoes internal due diligence and expert screening before being featured.

Investors can start with as little as 10,000 AMD (~$25) โ€” opening startup investments to a broader, global community.

To date, $235K USD across three startups was invested through eqwefy in 2025.
โ€ข Exorde: $50K (AMD 19M)
โ€ข Tactun: $85K (AMD 32M)
โ€ข rBlox โ€“ $100K (AMD 40M)

๐Ÿ‘‰ Explore more on eqwefy here: https://eqwefy.com/

๐Ÿ‘ Kudos and congratulations to Samson Avetian, CEO of eqwefy, for building and launching this platform ๐Ÿ‘

#eqwefy #Investment #StartupEcosystem

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Calling Deep Tech Startups for Horizon Europe!

Source: EIF

The Enterprise Incubator Foundation (EIF) is launching a program to help deep-tech startups to apply for Horizon Europe funding opportunities.

The program provides support, including call matching, proposal development, partner identification, mentoring, and application assistance for major Horizon Europe instruments such as the EIC Accelerator and other SME innovation calls.

Application deadline: November 15, 2025
Learn more and apply here: https://www.eif.am/eng/news/acceleration-program-horizon-2025-2026/

A great opportunity for Armenian deep-tech founders to tap into EU R&D funding opportunities!

#EIF #HorizonEurope #DeepTech #Startups #Acceleration

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๐Ÿ”ฅ Join 3N to stay updated on startup opportunities!
Deep-Tech Founders: EIC Pathfinder Deadline Is Approaching!

The European Innovation Council (EIC) is inviting research teams and deep-tech startups to apply for EIC Pathfinder 2025, funding instrument supporting science and breakthrough innovation.

This is a grant funding opportunity of โ‚ฌ300K to โ‚ฌ500K to support early stage development of future technologies.
The grant will cover 70 % of eligible cost of the project. The remaining 30% should be co-funded by the beneficiary through its own resources.

Applicants must demonstrate:
- high-impact innovation that could create new markets or disrupt existing ones (at least TRL 4);
- ownership of the Intellectual Property Rights to ensure freedom to operate and adequate protection of the idea;
- a clear vision on the intended pathway to market (milestones together with concrete and verifiable KPIs to assess progress towards the market);
- the ambition and commitments to scale up.

Application Deadline: November 18, 2025
Learn more and apply: https://eic.ec.europa.eu/eic-funding-opportunities/eic-pre-accelerator_en

โœ… Companies incorporated in Armenia are eligible for this opportunity.

#EIC #Pathfinder #HorizonEurope #DeepTech #Innovation #Armenia

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๐Ÿ”ฅ Join 3N to stay updated on startup opportunities!
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