It was an exceptional week for the Armenian tech ecosystem full of success story announcements.
Here is one of the biggest news in Armenian semiconductor design industry ⤵️
Microchip Technology Incorporated a leading provider of smart, connected and secure embedded control solutions is acquiring Instigate Semiconductor that was incubated by Instigate.
Instigate is a conglomerate of companies offering a wide range of software development services from mobile & web development, to design of complex engineering systems for industrial automation to embedded systems design.
Instigate Semiconductor, was incubated by Instigate 2 years ago with an aim to transfer the company to Microchip after setting up a company and building an operational R&D center in Armenia.
Congratulations to our friends from Instigate on this great achievement!
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
Here is one of the biggest news in Armenian semiconductor design industry ⤵️
Microchip Technology Incorporated a leading provider of smart, connected and secure embedded control solutions is acquiring Instigate Semiconductor that was incubated by Instigate.
Instigate is a conglomerate of companies offering a wide range of software development services from mobile & web development, to design of complex engineering systems for industrial automation to embedded systems design.
Instigate Semiconductor, was incubated by Instigate 2 years ago with an aim to transfer the company to Microchip after setting up a company and building an operational R&D center in Armenia.
Congratulations to our friends from Instigate on this great achievement!
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
Microchip
Empowering Innovation
Microchip Technology is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions that also offers outstanding technical support.
🏆2👍1
Hexact is listed on StartEngine for a public offering campaign.
💥 The startup made $1M in annual revenue in 2022 and has 100K active users across 167 countries.
https://t.me/threenstartups
#hexact #publicoffering #successstory
💥 The startup made $1M in annual revenue in 2022 and has 100K active users across 167 countries.
https://t.me/threenstartups
#hexact #publicoffering #successstory
StartEngine
Hexact | StartEngine
No-code workflow automation made easy
❤2
Orion Worldwide Innovations launches the official website of the Orion Summit 2023 conference with information about the event’s agenda, partners, and speakers.
The summit will take place in New York City from June 19-22, with the slogan “Investments Position Armenia”.
Register and find more details here: https://orion2023.orionwi.com/
Orion Summit has become a powerful opportunity for Armenian and non-Armenian startups globally to build content, customer and capital.
The key objective of Orion Summit 2023 is to create reliable alternative investment opportunities for startup ecosystem through establishing Private Equity Firms, Corporate VCs, and Family Offices in Armenia and with international partners.
https://t.me/threenstartups
#orionwi #orionworldwideinnovations #orionsummit2023 #event #conference
The summit will take place in New York City from June 19-22, with the slogan “Investments Position Armenia”.
Register and find more details here: https://orion2023.orionwi.com/
Orion Summit has become a powerful opportunity for Armenian and non-Armenian startups globally to build content, customer and capital.
The key objective of Orion Summit 2023 is to create reliable alternative investment opportunities for startup ecosystem through establishing Private Equity Firms, Corporate VCs, and Family Offices in Armenia and with international partners.
https://t.me/threenstartups
#orionwi #orionworldwideinnovations #orionsummit2023 #event #conference
👎1
Applications are now open for the EIT Urban Mobility Accelerator programs.
Application deadline: April 21, 2023
Apply: https://tinyurl.com/39ehvzv4
The EIT Urban Mobility Accelerators consist of seven thematic EU-funded programs implemented through partners to take early-stage mobility start-ups to the next level.
The seven themes are:
- City Logistics
- E+ Mobility
- Energy & Public Realm
- Future Mobility
- Inclusive Mobility
- Smart Mobility
- Urban Air Mobility
Selected start-ups will receive:
- € 30,000 worth of support services
- 6-month accelerator program
- €2,500 grant and tickets to Tomorrow.Mobility 2023
- Impact assessment and access to EIT Urban Mobility funding opportunities
Find more details: https://www.eiturbanmobility.eu/impact-ventures/accelerator/
https://t.me/threenstartups
#eiturbanmobility #acceleration #support #accesstoinvestors #scaling
Application deadline: April 21, 2023
Apply: https://tinyurl.com/39ehvzv4
The EIT Urban Mobility Accelerators consist of seven thematic EU-funded programs implemented through partners to take early-stage mobility start-ups to the next level.
The seven themes are:
- City Logistics
- E+ Mobility
- Energy & Public Realm
- Future Mobility
- Inclusive Mobility
- Smart Mobility
- Urban Air Mobility
Selected start-ups will receive:
- € 30,000 worth of support services
- 6-month accelerator program
- €2,500 grant and tickets to Tomorrow.Mobility 2023
- Impact assessment and access to EIT Urban Mobility funding opportunities
Find more details: https://www.eiturbanmobility.eu/impact-ventures/accelerator/
https://t.me/threenstartups
#eiturbanmobility #acceleration #support #accesstoinvestors #scaling
3N Startups
It was an exceptional week for the Armenian tech ecosystem full of success story announcements. Here is one of the biggest news in Armenian semiconductor design industry ⤵️ Microchip Technology Incorporated a leading provider of smart, connected and secure…
The Prime Minister of Armenia Nikol Pashinyan received Bruce Weyer, the vice president of Microchip Technology Incorporated, Arman Poghosyan, the CEO of Instigate and Ani Safaryan, the VP of Engineering of Instigate Semiconductors
The prime minister welcomed cooperation between Microchip and Instigate.
Bruce Weyer announced that Microchip Technology is interested in implementing programs in the Armenian technology sector and contribute to the development of the technological ecosystem of Armenia.
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
The prime minister welcomed cooperation between Microchip and Instigate.
Bruce Weyer announced that Microchip Technology is interested in implementing programs in the Armenian technology sector and contribute to the development of the technological ecosystem of Armenia.
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
👍1🙏1
Let's celebrate March 8 by supporting women-led startups.
Like, recommend, use, or share information about women-led Armenian startups you know and like.
We hope this will turn into a campaign to raise awareness about women-led Armenian startups and eventually motivate more Armenian women to take the lead and begin their startup journey!
Here are some of the women-led Armenian startups and initiatives. Please add more names under the comment if we missed any women-led startup or initiative.
4u.am
AIP Scientific
Armbionics
Armenian Bioinformatics Institute
COSMO Kids
Digital Pomegranate
DoctorYan
FiveBrane
GirlsInTech - Armenia
GOTCHA
Hirebee
ՀոգաՏԱՐ/Hogatar
INTED
LiveBoard
LuckyCarrot
MagnusHR
manot
MedPoint Technologies
QaylTech
SoloLearn
Staff.am
TUMO
https://t.me/threenstartups
#march8 #womenledstartups
Like, recommend, use, or share information about women-led Armenian startups you know and like.
We hope this will turn into a campaign to raise awareness about women-led Armenian startups and eventually motivate more Armenian women to take the lead and begin their startup journey!
Here are some of the women-led Armenian startups and initiatives. Please add more names under the comment if we missed any women-led startup or initiative.
4u.am
AIP Scientific
Armbionics
Armenian Bioinformatics Institute
COSMO Kids
Digital Pomegranate
DoctorYan
FiveBrane
GirlsInTech - Armenia
GOTCHA
Hirebee
ՀոգաՏԱՐ/Hogatar
INTED
LiveBoard
LuckyCarrot
MagnusHR
manot
MedPoint Technologies
QaylTech
SoloLearn
Staff.am
TUMO
https://t.me/threenstartups
#march8 #womenledstartups
❤18
3N Startups pinned «Let's celebrate March 8 by supporting women-led startups. Like, recommend, use, or share information about women-led Armenian startups you know and like. We hope this will turn into a campaign to raise awareness about women-led Armenian startups and eventually…»
Conjure (ex-Robomart) co-founded by Tigran Shahverdyan, announced about a partnership with a giant food company Mars.
Congratulations to our friends from Conjure on this step forward!
https://t.me/threenstartups
#conjure #tigranshahverdyan #successstory
Congratulations to our friends from Conjure on this step forward!
https://t.me/threenstartups
#conjure #tigranshahverdyan #successstory
Chain Store Age
Mars pilots ‘store hailing’ solution for direct ice cream delivery
CPG giant Mars Inc. will test delivery of its ice cream products to consumers via automated mobile stores.
❤1👍1👏1
Formula VC calls applications for VC Journalism Bootcamp.
Application Deadline: March 19, 2023
Apply: https://tinyurl.com/yyryrwux
VC Journalism Bootcamp is an educational initiative organized by Formula VC in partnership with EVN Report.
During 5 days the participants will walk through the stepping stones of Armenian VC ecosystem, as well as gain industry knowledge and insights.
Participants will choose and initially pitch a topic they are planning to research. The research results will be summed up in 3 months, and the author of the best research will receive a prize of 200,000 AMD Formula VC.
https://t.me/threenstartups
#formulavc #vcjournalismbootcamp #training #event
Application Deadline: March 19, 2023
Apply: https://tinyurl.com/yyryrwux
VC Journalism Bootcamp is an educational initiative organized by Formula VC in partnership with EVN Report.
During 5 days the participants will walk through the stepping stones of Armenian VC ecosystem, as well as gain industry knowledge and insights.
Participants will choose and initially pitch a topic they are planning to research. The research results will be summed up in 3 months, and the author of the best research will receive a prize of 200,000 AMD Formula VC.
https://t.me/threenstartups
#formulavc #vcjournalismbootcamp #training #event
❤3👍1
Tripe S Ventures announced investment in Denovo Sciences - a deep tech startup that creates novel therapeutics using state-of-the-art AI technologies.
Denovo Sciences was created in the scope FAST's ASCENT venture builder program. Since then, the startup became the National Winner and was among the top 5 finalists of the Entrepreneurship World Cup 2021. Denovo Sciences is a graduate of Berkeley’s SkyDeck Accelerator Program. The founders of the startup are scientists with a sound research experience at Institute of Molecular Biology and in industry.
Congratulations to both teams on this step forward. We are looking forward to the following success stories from them!
https://t.me/threenstartups
#triplesventures #triples #denovosciences #deeptech #ascent #fast #investment #successstory
Denovo Sciences was created in the scope FAST's ASCENT venture builder program. Since then, the startup became the National Winner and was among the top 5 finalists of the Entrepreneurship World Cup 2021. Denovo Sciences is a graduate of Berkeley’s SkyDeck Accelerator Program. The founders of the startup are scientists with a sound research experience at Institute of Molecular Biology and in industry.
Congratulations to both teams on this step forward. We are looking forward to the following success stories from them!
https://t.me/threenstartups
#triplesventures #triples #denovosciences #deeptech #ascent #fast #investment #successstory
❤3
Prelauch announced closing a $1.5M seed round. BigStory VC led the round. Investors include Formula VC, Granatus Ventures, Business Angel Network of Armenia (BANA) and Vahe Kuzoyan, the co-founder of ServiceTitan.
Congratulations to the startup and investors on this significant achievement! We will look forward to hearing more success stories from Prelaunch team!
https://t.me/threenstartups
#prelaunch #narekvardanyan #investment #seedround #bigstoryvc #granatusventures #formulavc #bana #vahekuzoyan #successstory
Congratulations to the startup and investors on this significant achievement! We will look forward to hearing more success stories from Prelaunch team!
https://t.me/threenstartups
#prelaunch #narekvardanyan #investment #seedround #bigstoryvc #granatusventures #formulavc #bana #vahekuzoyan #successstory
TechCrunch
Prelaunch assembles a pre-seed round to help hardware founders pre-build the right pre-products
Hardware startups are hard, the saying goes, but it isn’t always obvious why they are hard. One of the core challenges is that it has traditionally been hard to do agile hardware product development — even if you get everything “right,” how do you know that…
🔥4
Luiza Avetisyan, the co-founder of Staff.am and Hirebee.ai started a new initiative aiming to foster women-led startups in Armenia.
Fempower is platform for the first-time women-founders of tech startups who want to get mentorship support to start their startup journey.
Here is the link to apply for mentorship support: https://f-empower.org/for-mentees
There is also a possibility to join the initiative as a mentor. Here is the link to join as a mentor: https://f-empower.org/for-mentors
Glad to see more initiatives that will help to unlock the full potential of Armenian women in tech.
https://t.me/threenstartups
#fempower #mentorship #mentee #mentor #womenledstartups
Fempower is platform for the first-time women-founders of tech startups who want to get mentorship support to start their startup journey.
Here is the link to apply for mentorship support: https://f-empower.org/for-mentees
There is also a possibility to join the initiative as a mentor. Here is the link to join as a mentor: https://f-empower.org/for-mentors
Glad to see more initiatives that will help to unlock the full potential of Armenian women in tech.
https://t.me/threenstartups
#fempower #mentorship #mentee #mentor #womenledstartups
🔥5❤1
Silicon Valley Bank (SVB) meltdown caused the largest bank failure in the US since the 2008 financial crisis and the second-largest in U.S. history. Reuters reported that 89% of its US$175 billion in deposit liabilities were not covered by federal deposit insurance.
The collapse of Silicon Valley Bank has caused a ripple effect across the tech sector. Cash reserves of many startups were were held by SVB. There are many Armenian startups who also impacted by this situation.
https://t.me/threenstartups
#svb #meltdown
The collapse of Silicon Valley Bank has caused a ripple effect across the tech sector. Cash reserves of many startups were were held by SVB. There are many Armenian startups who also impacted by this situation.
https://t.me/threenstartups
#svb #meltdown
In the scope of Digitec2022 Enterprise Armenia organized the "Investor's Day for the IT sector" event which hosted top officials from the Government, Parliament, and the IT industry.
Some insights captured from the speakers:
Tigran Khachatryan, deputy prime minister:
- ICT sector had exceptional growth in 2022.
- Continuous human capital development is critical to keep the pace of growth.
- Armenian government has a long-term strategy to support this and welcomes joint programs between universities and private companies.
Hakob Arshakyan, Vice President of the National Assembly:
- ICT sector achieved a turnover of more than $1 billion in 2022
- In 2022 Armenia launched its first satellite.
- Picsart became a unicorn.
- Microchip will open R&D centers in Armenia.
- Science budget is more than 30B AMD, a 50%+ increase compared to the previous year.
- The IT sector needs about 9000 new engineers to keep the same levels of development.
Kristina Kvien, US ambassador in Armenia:
- The number of companies with foreign ownership is constantly growing in Armenia. US-based Boston Gene, Grid Dynamics, and many others established their presence in 2022.
- US Government supports the efforts of the Armenian Government to reform the economy, strengthen Public-private dialog, and overcome geopolitical challenges.
Robert Khachatryan, the minister of High Tech Industry:
- Government aims to increase the competitiveness of Armenian IT companies globally. This is the primary goal of IT support law.
- Last year the ministry organized vocational training for more than 9000 specialists to help them enter the ICT labor market.
- The engineering city project progresses aiming to unite engineering companies in the same place to stimulate an innovation ecosystem.
Alexandr Yesayan, president of UATE, Co-Founder of TEAM Telecom, Co-Founder & CEO of Intent.ai:
- ICT sector's turnover passed $1 billion in 2022 (vs $650M in 2021).
- There were 2195 active ICT companies as of July 2022
- 45K people are employed by IT companies (63% male, 37% female)
- No Growth rate in the number of students and graduates in STEM.
https://t.me/threenstartups
#digitec2022 #investorday #enterprisearmenia
Some insights captured from the speakers:
Tigran Khachatryan, deputy prime minister:
- ICT sector had exceptional growth in 2022.
- Continuous human capital development is critical to keep the pace of growth.
- Armenian government has a long-term strategy to support this and welcomes joint programs between universities and private companies.
Hakob Arshakyan, Vice President of the National Assembly:
- ICT sector achieved a turnover of more than $1 billion in 2022
- In 2022 Armenia launched its first satellite.
- Picsart became a unicorn.
- Microchip will open R&D centers in Armenia.
- Science budget is more than 30B AMD, a 50%+ increase compared to the previous year.
- The IT sector needs about 9000 new engineers to keep the same levels of development.
Kristina Kvien, US ambassador in Armenia:
- The number of companies with foreign ownership is constantly growing in Armenia. US-based Boston Gene, Grid Dynamics, and many others established their presence in 2022.
- US Government supports the efforts of the Armenian Government to reform the economy, strengthen Public-private dialog, and overcome geopolitical challenges.
Robert Khachatryan, the minister of High Tech Industry:
- Government aims to increase the competitiveness of Armenian IT companies globally. This is the primary goal of IT support law.
- Last year the ministry organized vocational training for more than 9000 specialists to help them enter the ICT labor market.
- The engineering city project progresses aiming to unite engineering companies in the same place to stimulate an innovation ecosystem.
Alexandr Yesayan, president of UATE, Co-Founder of TEAM Telecom, Co-Founder & CEO of Intent.ai:
- ICT sector's turnover passed $1 billion in 2022 (vs $650M in 2021).
- There were 2195 active ICT companies as of July 2022
- 45K people are employed by IT companies (63% male, 37% female)
- No Growth rate in the number of students and graduates in STEM.
https://t.me/threenstartups
#digitec2022 #investorday #enterprisearmenia
❤2
3N Startups
Silicon Valley Bank (SVB) meltdown caused the largest bank failure in the US since the 2008 financial crisis and the second-largest in U.S. history. Reuters reported that 89% of its US$175 billion in deposit liabilities were not covered by federal deposit…
Some more financial analysis on SVB situation.
If you look at the bank's balance sheet as of end of 2022 you'll notice that the structure of their assets is quite healthy and the bank can cover its liabilities.
The bank reported a residual of $14B in cash and $194B Securities & Loans. In the meantime the liabilities included $173B of deposits and $19B of Debt.
So, it looks like the situation is not that bad and the bank will be able to cover its debts and deposits with existing assets.
However, the devil is in details and according to Genuine Report, $117.4 of the bank's Securities & Loans (60% of its securities & loans) are unreliable.
The information that these assets are not reliable became known to the market and generated panic. Due to panic, holders of $173.2B deposit holders rushed to withdraw their money from the bank which resulted in liquidity crunch.
https://t.me/threenstartups
#svb #meltdown
If you look at the bank's balance sheet as of end of 2022 you'll notice that the structure of their assets is quite healthy and the bank can cover its liabilities.
The bank reported a residual of $14B in cash and $194B Securities & Loans. In the meantime the liabilities included $173B of deposits and $19B of Debt.
So, it looks like the situation is not that bad and the bank will be able to cover its debts and deposits with existing assets.
However, the devil is in details and according to Genuine Report, $117.4 of the bank's Securities & Loans (60% of its securities & loans) are unreliable.
The information that these assets are not reliable became known to the market and generated panic. Due to panic, holders of $173.2B deposit holders rushed to withdraw their money from the bank which resulted in liquidity crunch.
https://t.me/threenstartups
#svb #meltdown
3N Startups
Some more financial analysis on SVB situation. If you look at the bank's balance sheet as of end of 2022 you'll notice that the structure of their assets is quite healthy and the bank can cover its liabilities. The bank reported a residual of $14B in cash…
Monday starts with good news:
The U.S. Department of the Treasury and Federal Deposit Insurance Corporation (FDIC) announced that FDIC will fully protect all depositors.
The U.S. Department of the Treasury and Federal Deposit Insurance Corporation (FDIC) announced that FDIC will fully protect all depositors.
U.S. Department of the Treasury
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC
WASHINGTON, DC -- The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg: Today we are taking decisive actions to protect the U.S. economy by strengthening…
🥴2
The National Center for Innovation and Entrepreneurship (NCIE) will host a National Innovation & Entrepreneurship Week.
Dates: 17-19 April, 2023.
🚀 The highlight of the event is the official signing of MOU between NCIE and Austrian Space Forum on AMADEE-2024 Mars Analog Mission performance in Armenia.
Find more details here.
https://t.me/threenstartups
#ncie #innovation #entrepreneurship #event
Dates: 17-19 April, 2023.
🚀 The highlight of the event is the official signing of MOU between NCIE and Austrian Space Forum on AMADEE-2024 Mars Analog Mission performance in Armenia.
Find more details here.
https://t.me/threenstartups
#ncie #innovation #entrepreneurship #event
👍2
Doing Digital Forum (DDF'23) will be organized on April 5, 2023.
It is a one-day forum, aiming to discover NFT and Metaverse opportunities.
More than 15 speakers from various fields will participate in DDF'23 and share their ideas on digitization and best practices, analyze the main trends in financial technologies, and discuss the role of leaders in the transformation.
See more details about the forum and tickets here: https://doingdigital.am/
https://t.me/threenstartups
#springpragency #ameriabank #doingdigitalforum #nft #metaverse #event
It is a one-day forum, aiming to discover NFT and Metaverse opportunities.
More than 15 speakers from various fields will participate in DDF'23 and share their ideas on digitization and best practices, analyze the main trends in financial technologies, and discuss the role of leaders in the transformation.
See more details about the forum and tickets here: https://doingdigital.am/
https://t.me/threenstartups
#springpragency #ameriabank #doingdigitalforum #nft #metaverse #event
Impact Hub Yerevan announced opening of applications for the AXEL'23 acceleration program for social enterprises!
Application Deadline: April 9, 2023
The program is designed to help validated and market-proven social enterprises accelerate their growth and become investment-ready.
See more details and apply here: https://yerevan.impacthub.net/axel-23/
https://t.me/threenstartups
#impacthub #impacthubyerevan #axel23 #collaborate4impact #socialentrepreneurship #socialenterpriseacceleration #accelerationprogram
Application Deadline: April 9, 2023
The program is designed to help validated and market-proven social enterprises accelerate their growth and become investment-ready.
See more details and apply here: https://yerevan.impacthub.net/axel-23/
https://t.me/threenstartups
#impacthub #impacthubyerevan #axel23 #collaborate4impact #socialentrepreneurship #socialenterpriseacceleration #accelerationprogram
Impact Hub Yerevan
AXEL'23 Acceleration Program - Impact Hub Yerevan
AXEL’23 will help validated and market-proven social enterprises to accelerate their growth. The acceleration program will support social enterprises with high growth potential in developing their ventures and products towards marketability, making them investment…
❤2
Lucky Carrot app for Zoom is live on Product Hunt. Let's support a fellow Armenian startup by upvoting and sharing the news in our network!
At this moment the app is 15th on Product Hunt with 36 upvotes. Let's help Lucky Carrot to outcompete others today!
Upvote here: https://www.producthunt.com/posts/lucky-carrot-app-for-zoom
https://t.me/threenstartups
#luckycarrot #producthunt #upvote #share #successstory
At this moment the app is 15th on Product Hunt with 36 upvotes. Let's help Lucky Carrot to outcompete others today!
Upvote here: https://www.producthunt.com/posts/lucky-carrot-app-for-zoom
https://t.me/threenstartups
#luckycarrot #producthunt #upvote #share #successstory
Product Hunt
Lucky Carrot - Product Information, Latest Updates, and Reviews 2024 | Product Hunt
Lucky Carrot is an All-in-One Employee Engagement Platform: ⠀ ◾ enables the employees to recognize each other, ◾ brings visibility to employees’ achievements, ◾ makes the employees’ voice heard through surveys, ◾ gives insights to enhance employee engagement.
👍1
K-Minds team will host an info session to present the details of a data science career development program.
This is a 10-week fully-funded online summer program which equips aspiring Armenian data scientists with knowledge and experience for launching successful careers in data-driven fields.
Join the telco: https://meet.google.com/sga-hjye-biz
See more details here: https://www.facebook.com/events/590817566292266/
https://t.me/threenstartups
#kminds #infosession #careerdevelopmentprogram #datascience #infosession #event
This is a 10-week fully-funded online summer program which equips aspiring Armenian data scientists with knowledge and experience for launching successful careers in data-driven fields.
Join the telco: https://meet.google.com/sga-hjye-biz
See more details here: https://www.facebook.com/events/590817566292266/
https://t.me/threenstartups
#kminds #infosession #careerdevelopmentprogram #datascience #infosession #event