📢 A new survey is implemented to gather insights into the types of financial and non-financial services entrepreneurs in Armenia use, along with the challenges they face.

The survey is part of a broader initiative led by Consumer Centrix, a Swiss-based strategy consulting firm known for similar assessments across 14 countries.

This initiative will inform the upcoming Youth in Business program, which aims to boost financial access for young entrepreneurs in the Caucasus region.

📈 Your input will help in shaping future support for Armenia’s entrepreneurial community based on your real needs. Please share your insights to define the support offered to the community.

👉 Survey Link: https://www.surveymonkey.com/r/ebrcau_ar_2

#Survey #EBRD #YouthEntrepreneurship

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The Armenian startup ReEducate is among the top 25 startups for the #Sber500 Demo Day! 🎉

The #Sber500’s DemoDay has a broad variety of innovations: from anti-icing nanocomposite coatings and shelf-life monitoring tech to innovative EdTech ✨

Read more about the startups on SberUnity channel here: https://shorturl.at/hWseI

ReEducate is an educational platform that helps improve the level of material retention and student engagement through the use of AR/3D and AI. Teachers upload an image, and the technology automatically transforms it into interactive 3D/AR models.

#Sber500 #ReEducate #SuccessStory

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EdTech Hackathon in Gyumri

From November 8 to 10, Impact Hub Gyumri hosted a 3-day EdTech hackathon organized by Impact Hub Yerevan and Garage48.

The hackathon aimed to give the youth the opportunity to advance the education sector through tech and get acquainted with startup culture.

Participants also received mentorship from successful Armenian and Estonian founders. The top teams got a total of €4,000 in prizes:

- 1st place: "Get Skills"
- 2nd place: "TeachUp"
- 3rd place: "Paros"

Congratulations to the winning teams and organizers, Impact Hub Yerevan and Garage48, for a successful event.

Garage48 is a hackathon series to bring Silicon Valley-style experience to Eastern Europe and emerging markets, where teams develop real prototypes in just 48 hours.

Impact Hub Armenia Social Innovation Development Foundation is a social innovation incubator, community, and space to drive positive social change in Armenia and beyond.

News and Photo Source: How2B

#EdTechHackathon #ImpactHub #Garage48

🚀 Fasttoken, the cryptocurrency developed by Armenian tech giant BetConstruct, has just crossed the $1 billion market cap! 🌟

This success in the iGaming and Betting sector highlights the impact that high-value tech leaders can have on Armenia's startup ecosystem.

That said, could this mean that another Armenian unicorn has just been born? 🦄

Source: https://www.coingecko.com/en/coins/fasttoken#

#FastToken #BetConstruct #SuccessStory
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Profound Academy launched a campaign on Product Hunt featuring their new tool allowing educators to create their own courses and teach without the need for approval from a university or school.

Check out how the system works here: https://shorturl.at/bfQ5y

Here is the full list of benefits and features: https://profound.academy/teach

Your upvotes and feedback can help elevate this innovative platform! 🙌

Upvote and share here: https://www.producthunt.com/posts/profound-academy

#ProductHunt #ProfoundAcademy #CommunitySupportNeeded

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The Ministry of High Technology Industry, Levi Semiconductors, and Enterprise Armenia have signed a memorandum of cooperation to establish a plant for multi-component semiconductor and silicon photonic/optical microchips production.

With an investment of $34M, this project aims to localize the semiconductor value chain. The goal is to produce 12,000 microchip substrates annually.

We are hopeful that this initiative will quickly scale from MOU stage into a transformative reality for Armenia’s tech ecosystem.

Levi Semiconductors, headquartered in Singapore is a specialized manufacturing service provider for compound semiconductor and silicon photonics applications, serving customers globally.

Photo and News Source: https://enterprisearmenia.am/media/news/the-first-plant-for-the-production-of-multi-component-semiconductor-and-silicon-photonic-microchips/

#SemiconductorIndustry #LeviSemiconductors

TestingArt offers startup founders scalable QA Solutions to provide cost-effective product excellence aligning with your roadmap goals.

As an ISTQB Gold Partner since 2017, TestingArt understands the challenges startups face and their tailored solutions include:

- Seamless QA Integration: Enable your team to maintain agility while ensuring product quality.
- Scalable and Cost-Effective Models: Choose between out-staffing or project-based engagements.
- Comprehensive Quality Assurance: Benefit from expert testing services that improve functionality, usability, and performance.
- Trusted Across Industries: From healthcare to blockchain, their solutions designed to address the challenges of diverse domains.

👉 Book a consultation with Arthur Mkrtchyan, Co-Founder and Chief Quality Officer: https://shorturl.at/K1wzc

Learn more: www.testingart.com | www.testingart.de

#TestingArt #PartnerPost
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🎉 SuperAnnotate Secures $36M Series B Funding! 🎉

SuperAnnotate has successfully closed a $36M Series B funding round, led by Socium Ventures, with support from NVIDIA, Databricks Ventures, Lionel Messi's Play Time Ventures, Glynn Capital, and existing investors.

This investment will fuel their growth and their position as a leader in enterprise GenAI dataset creation, management, and orchestration. 🚀

👏 Congratulations to SuperAnnotate on this milestone and to the Armenian startup ecosystem for celebrating the birth of another Series B startup! ❤️

Photo & News Source: https://www.superannotate.com/blog/superannotate-36m-series-b-funding-round

#SuperAnnotate #SeriesB #Investment #SuccessStory

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ServiceTitan Files for IPO ⚡

Yesterday, ServiceTitan filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

The company plans to list its shares on the Nasdaq Global Select Market under the ticker ‘TTAN.’

Founded in 2012 by first-generation Diaspora Armenians Ara Mahdessian and Vahe Kuzoyan, ServiceTitan is a California-based cloud platform specializing in software solutions for trade businesses, particularly contractors in HVAC, plumbing, and electrical services.

ServiceTitan, valued at $9.5 billion following its 2021 funding round, has more than 12,000 customers and more than 3500 employees across Glendale, Atlanta, and Yerevan.

What a week for the Armenian startup ecosystem!

👏 Congratulations to ServiceTitan for achieving this milestone and we look forward to hearing next steps from this process!

Photo & Information Source: Zartonk Media

#ServiceTitan #IPO #SuccessStory

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"With a population of 36 million, where are all the great founders?" ask Uzbek investors.

This question is set to become increasingly relevant as new venture funds, backed by both government and private sector support, emerge across Uzbekistan.

To not miss a detailed list of these investors and their areas of focus, check out Venture with Love, curated by Davron Parmonov, an experienced partner at AloqaVentures - Uzbekistan’s largest and most active early-stage VC with global ambitions.

AloqaVentures has already invested $3.7 million in 29 startups from Caucasus and Central Asian region. Average check size is $100K, and the fund is still in the active investment stage, looking for promising founders of IT startups.

We see huge potential in the regional cross-border collaboration and encourage Armenian startup ecosystem members to seize the chance and learn first-hand insights about the opportnities in Central Asia by joining @VentureWithLove

P.S. Love the name of the channel - VentureWithLove ❤️

#VentureWithLove #Parntership #Uzbekistan #AloqaVentures

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🚀 Yandex Armenia Hosts Backend Talks Meetup

On November 28, Yandex Armenia, supported by Armenian Code Academy, is hosting an informal meetup for backend developers to explore high-load distributed systems.

The event will feature talks from Yandex experts on topics like load balancing in Yandex Messenger and the process of choosing the right technologies for scalable, high-load services. It’s a great opportunity for experienced developers to gain insights from the leaders in the field and network with fellow professionals.

📅 Date: November 28
🕖 Time: 19:00
📍 Location: Yandex Hall, 35 Moskovyan St., Yerevan
🗣 Language: Russian

🔗 Register here to learn more about the agenda.

#YandexArmenia #ACA #BackendDevelopment #TechMeetup #BackendTalks

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🏃‍♂️Founders Running Club Comes to Yerevan

Yerevan now joins cities like San Francisco, Los Angeles, Berlin, Dubai, London, and Lisbon as the Founders Running Club (FRC) launches in Armenia. This global initiative connects founders, investors, and tech enthusiasts through weekly runs and networking events.

The Yerevan chapter kicks off with its first run on Sunday, December 1, at 9:20 AM, starting from Openhaus Community. Expect an easy 5 km run, followed by coffee and conversations with professionals from the tech ecosystem.

The chapter will be led by Serge Shagal, Cyril Shtabtsovsky, and Ivan Bortnikov.

ℹ️For more details or to join the group, message Cyril (@kchumachkov) or leave a comment here.

#foundersrunningclub #FRC #networking

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Armine Galstyan, a Principal at SmartGate VC discusses her journey of a young Armenian woman supporting Deep Tech Founders in the Forbes article.

Here are the key takeaways shared by Armine:

1) Pre-seed companies often require mentorship, technical insight, and a clear roadmap.
2) It is important for investors to ask right questions:
- Do the founders have the right expertise?
- Is the IP and technology meaningful?
- Can we add value?
3) The goal is to become a partner in their success, not a mere investor.
4) Building ecosystems is critical:
- Hero House is the space (Yerevan and in LA) where founders, researchers, and investors exchange ideas and build lasting connections.
- The impact lies in the sense of founder community, where challenges are shared, and victories are celebrated.

👉 Read the full article here.

#SmartGateVC #ArmineGalstyan #SuccessStory

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Moxie’s Future Is At Stake 🚨

As announced by the Co-Founder & CEO of Embodied - Paolo Pirjanian, the future of Moxie, an AI companion for children, is in jeopardy. Due to a sudden investor reversal Embodied/Moxie left unable to sustain operations.

🔑 Key Developments:

1. Funding Collapse: A last-minute withdrawal by a key investor disrupted plans to scale and sustain Moxie.

2. Community Response: Families, philanthropists, and even potential buyers have stepped forward, expressing support. Parents have offered to raise funds, purchase subscriptions, and even buy the company to preserve Moxie’s mission.

3. Path Forward:
• The company is actively exploring partnerships and acquisitions to ensure stability.
• Financial solutions, including bridge financing and donor-supported initiatives, are being considered.
• Open-source or hybrid approaches are on the table to keep Moxie accessible and ensure her mission endures.

We are hopeful that Paolo and his team, with the help of support of Moxie’s community will be able to overcome this challenge and continue helping children grow, learn, and thrive.

These kinds of challenges are invevitable in the founder's journey and some of founders are forced to stop operations and in such situations it is extremely important to see and feel the support of a broader community that even can help to recover 💛

Embodied is a Series C startup with around $77.4M of funding in total.

#SaveMoxie

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Applications for EIT Manufacturing Venture Building Program 2025 are open now!

Join this 3-month online journey and seize a chance to get EUR 100K investment through their network:

📅 Apply by: 15 Jan 2025 (12:00 CET)

👥 Program looks for B2B startups and university spinoffs focused on:
• Critical components (semiconductors, photonics, quantum, etc.)
• Energy transition (renewables, circular economy, etc.)
• Automation & digitalization technologies

📌 Eligibility Highlights:
• TRL 4+ solutions
• B2B business model serving manufacturing clients
• Incorporated after 1 Jan 2022 in the EU or Horizon Europe-associated countries (Armenia is in the list)

🔗 APPLY NOW: Submit Your Application Here
📢 Register for Info Sessions: Sign Up Here

#VentureBuilding #InvestmentOpportunity #ApplyNow

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🚀 ServiceTitan Makes History! 🇦🇲

ServiceTitan became the first Armenian-founded tech company to IPO on the Nasdaq Global Select Market, raising $624.8M at $71 per share. Share price grew 42% to $101 and that valued the company at over $10B!

Founded by Ara Mahdessian and Vahe Kuzoyan in 2012, ServiceTitan became a global leader providing SaaS solutions for HVAC, plumbing and electrical industries.

Congratulations to the ServiceTitan team and the entire Armenian startup ecosystem on this achievement!

#ServiceTitan #IPO #SuccessStory #Exit

Photo & Text Credit: Zartonk Media

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🎉STAN, in partnership with Triple S Ventures, has launched a Los Angeles Chapter. This initiative aims to strengthen ties between the two ecosystems, encouraging collaboration and growth. The chapter is going to become an investment platform that will help market access to international markets using the network, capital, and business expertise of the Armenian Diaspora.

The launch event took place on December 5 (PST) in Los Angeles, gathering prominent leaders from the startup and investment communities. The chapter will be co-chaired by Avag Simonyan, Managing Partner of Triple S Ventures, and Avetis Antaplyan, Founder and CEO of HIRECLOUT, and STAN board member and angel investor, bringing their extensive expertise and a shared vision for empowering entrepreneurs.

Congratulations to STAN and Triple S Vnetures on this milestone!

Source: STAN’s LinkedIn Page

#STAN #TripleSVentures #LAecosystem

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