3N Startups
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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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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…»
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
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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
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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
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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
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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
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
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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
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
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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
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
A new product of Renderforest - Logo Maker - is live on Product Hunt. Let's support a fellow Armenian startup by upvoting and sharing the news in our network!

Interestingly this coincided with acquiring 20 millionth user these days!

At this moment the app is 6th on Product Hunt with 148 upvotes. Let's help the team to conquer Product Hunt today!

Upvote here: https://www.producthunt.com/posts/logo-maker-by-renderforest

https://t.me/threenstartups

#renderforest #producthunt #upvote #share #successstory
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The ministry of high-tech industry invites startups to apply for participating in VivaTech2023.

Application deadline: March 20, 2023
Submit your application: https://tinyurl.com/48k6sdb7

The ministry will cover the cost of rent, design, construction and entrance fees of the Armenian pavilion area. Other expenses (air tickets, accommodation) are covered by the selected companies.

Learn more about event here: https://vivatechnology.com/

https://t.me/threenstartups

#mhti #vivatech2023 #expo #networking #businessdevelopment #cofinancing
American University of Armenia signed a research collaboration agreement with ServiceTitan Armenia.

Within the scope of the agreement engineering students from the American University of Armenia will work on developing novel algorithms based on machine learning and AI.

Learn more here

https://t.me/threenstartups

#aua #servicetitan #collaborationagreement #successstory #ai #machinelearning
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Yerevan Tech Forum will happen on May 19-20.

Yerevan Tech Forum is the annual event that brings together organizations, companies, government & professionals eager to take to the next level.

YTF platform will host one of the most outstanding leaders of his generation, ex-CEO of Porsche and BMW, serial entrepreneur & author Kevin Gaskell.

For registration and more details please visit here: http://yerevantechforum.am/

https://t.me/threenstartups

#ytf #yerevantechforum2k23 #event #networking
The Startup Central Eurasia is looking for startups for a demo day.

The summit will be held in Tbilisi on April 25-26, 2023.

The Central Eurasia Venture Summit will consist of two days of active networking, information sessions and meetings with potential participants, venture funds and startups.

On April 25, Demo Day will be organized as part of the summit, and the best startups will have the opportunity to present themselves as a venture capital fund from Central and Eastern Europe (CEE), Central Asia and the MENA region.

There is an opportunity to engage in networking and speed dating with potential investors.

If you are interested, please send your pitch deck by March 24 to anastasia@futurelab.ge and complete the survey https://forms.gle/8iNFw175wb5juMqz9

https://t.me/threenstartups

#demoday #startupcentraleurasia #futurelab #event #pitching #networking
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Startup Fundraising is a powerful platform designed to help founders raise capital for their startup. With access to a database of 46,000+ investors startup founders can easier research and connect with investors that are a good fit for their company. The platform also includes a CRM to help manage the fundraising process more efficiently.

But that's not all – Startup Fundraising also offers outreach services to help founders reach out to potential investors. AI will write custom emails based on the insights gained from the research process, saving founders time and increasing their chances of success.

Whether you're just starting to fundraise or need help closing your next round, Startup Fundraising is here to help.

Book a consulting with a fundraising expert if you are interested to explore the opportunities provided by the platform: https://calendly.com/vahagn_grigoryan

For more details visit the website of the platform.

https://t.me/threenstartups

#startupstory #startupfundraising
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