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 Armeniaβs 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
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 Armeniaβs 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
β€9π2π₯1
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.
π 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
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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.
π 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
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€6
π SuperAnnotate Secures $36M Series B Funding! π
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. π
π Congratulations to SuperAnnotate on this milestone and to the Armenian startup ecosystem for celebrating the birth of another Series B startup! β€οΈ
Photo & News Source: https://www.superannotate.com/blog/superannotate-36m-series-b-funding-round
#SuperAnnotate #SeriesB #Investment #SuccessStory
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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. π
π Congratulations to SuperAnnotate on this milestone and to the Armenian startup ecosystem for celebrating the birth of another Series B startup! β€οΈ
Photo & News Source: https://www.superannotate.com/blog/superannotate-36m-series-b-funding-round
#SuperAnnotate #SeriesB #Investment #SuccessStory
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
π₯23β€18
ServiceTitan Files for IPO β‘
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 βTTAN.β
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!
π 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
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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 βTTAN.β
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!
π 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
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€20π₯12π3
"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 - Uzbekistanβs 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 β€οΈ
#VentureWithLove #Parntership #Uzbekistan #AloqaVentures
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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 - Uzbekistanβs 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 β€οΈ
#VentureWithLove #Parntership #Uzbekistan #AloqaVentures
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€2π2π₯2
π 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. Itβs a great opportunity for experienced developers to gain insights from the leaders in the field and network with fellow professionals.
π Date: November 28
π Time: 19:00
π Location: Yandex Hall, 35 Moskovyan St., Yerevan
π£ Language: Russian
π Register here to learn more about the agenda.
#YandexArmenia #ACA #BackendDevelopment #TechMeetup #BackendTalks
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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. Itβs a great opportunity for experienced developers to gain insights from the leaders in the field and network with fellow professionals.
π Date: November 28
π Time: 19:00
π Location: Yandex Hall, 35 Moskovyan St., Yerevan
π£ Language: Russian
π Register here to learn more about the agenda.
#YandexArmenia #ACA #BackendDevelopment #TechMeetup #BackendTalks
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€2π2
πββοΈFounders 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.
βΉοΈFor more details or to join the group, message Cyril (@kchumachkov) or leave a comment here.
#foundersrunningclub #FRC #networking
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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.
βΉοΈFor more details or to join the group, message Cyril (@kchumachkov) or leave a comment here.
#foundersrunningclub #FRC #networking
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
π₯16β€7π3π1
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.
π Read the full article here.
#SmartGateVC #ArmineGalstyan #SuccessStory
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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.
π Read the full article here.
#SmartGateVC #ArmineGalstyan #SuccessStory
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€9π€©1
Moxieβs Future Is At Stake π¨
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.
π 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 Moxieβs mission.
3. Path Forward:
β’ The company is actively exploring partnerships and acquisitions to ensure stability.
β’ Financial solutions, including bridge financing and donor-supported initiatives, are being considered.
β’ 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 Moxieβs 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 π
Embodied is a Series C startup with around $77.4M of funding in total.
#SaveMoxie
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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.
π 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 Moxieβs mission.
3. Path Forward:
β’ The company is actively exploring partnerships and acquisitions to ensure stability.
β’ Financial solutions, including bridge financing and donor-supported initiatives, are being considered.
β’ 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 Moxieβs 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 π
Embodied is a Series C startup with around $77.4M of funding in total.
#SaveMoxie
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
Linkedin
Moxieβs Future Is At Stake | Paolo Pirjanian
Moxieβs Future Is At Stake
Just weeks ago, we believed funding was secure. Now, a sudden investor reversal has left Moxieβs future hanging by a threadβespecially heartbreaking as we approach the holidays. Yet, an incredible community response is giving usβ¦
Just weeks ago, we believed funding was secure. Now, a sudden investor reversal has left Moxieβs future hanging by a threadβespecially heartbreaking as we approach the holidays. Yet, an incredible community response is giving usβ¦
π2π1π’1
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:
π Apply by: 15 Jan 2025 (12:00 CET)
π₯ Program looks for B2B startups and university spinoffs focused on:
β’ Critical components (semiconductors, photonics, quantum, etc.)
β’ Energy transition (renewables, circular economy, etc.)
β’ Automation & digitalization technologies
π Eligibility Highlights:
β’ TRL 4+ solutions
β’ B2B business model serving manufacturing clients
β’ Incorporated after 1 Jan 2022 in the EU or Horizon Europe-associated countries (Armenia is in the list)
π APPLY NOW: Submit Your Application Here
π’ Register for Info Sessions: Sign Up Here
#VentureBuilding #InvestmentOpportunity #ApplyNow
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
Join this 3-month online journey and seize a chance to get EUR 100K investment through their network:
π Apply by: 15 Jan 2025 (12:00 CET)
π₯ Program looks for B2B startups and university spinoffs focused on:
β’ Critical components (semiconductors, photonics, quantum, etc.)
β’ Energy transition (renewables, circular economy, etc.)
β’ Automation & digitalization technologies
π Eligibility Highlights:
β’ TRL 4+ solutions
β’ B2B business model serving manufacturing clients
β’ Incorporated after 1 Jan 2022 in the EU or Horizon Europe-associated countries (Armenia is in the list)
π APPLY NOW: Submit Your Application Here
π’ Register for Info Sessions: Sign Up Here
#VentureBuilding #InvestmentOpportunity #ApplyNow
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
π2β€1
π ServiceTitan Makes History! π¦π²
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
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
π21β€10π₯1
πSTAN, 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: STANβs LinkedIn Page
#STAN #TripleSVentures #LAecosystem
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
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: STANβs LinkedIn Page
#STAN #TripleSVentures #LAecosystem
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
π6β€3
Team Telecom, one of the largest Armenian telecom companies, is expanding its footprint into Europe with the acquisition of Irish operator Imagine Broadband! π
It is great to see how Team is taking tangible steps on the global stage.
We will look forward to seeing what new possibilities could this bring to the Armenian tech ecosystem.
Congratulations to the entire Team Telecom crew on this remarkable achievement!
π Read More about the acquisition here.
#TeamTelecom #SuccessStory
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
It is great to see how Team is taking tangible steps on the global stage.
We will look forward to seeing what new possibilities could this bring to the Armenian tech ecosystem.
Congratulations to the entire Team Telecom crew on this remarkable achievement!
π Read More about the acquisition here.
#TeamTelecom #SuccessStory
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€4π3
Dear Community:
Let's support Lesson22 that has launched its campaign on ProductHunt:
Lesson22 is showcasing its Chrome extension to turn articles into concise, memorable video summaries. This solution is designed specifically for visual learners, microlearning enthusiasts, and individuals with ADHD or dyslexia seeking a better way to absorb information.
π Upvote, like and share the project through this link.
#ProductHunt #Lesson22 #CommunitySupportNeeded
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
Let's support Lesson22 that has launched its campaign on ProductHunt:
Lesson22 is showcasing its Chrome extension to turn articles into concise, memorable video summaries. This solution is designed specifically for visual learners, microlearning enthusiasts, and individuals with ADHD or dyslexia seeking a better way to absorb information.
π Upvote, like and share the project through this link.
#ProductHunt #Lesson22 #CommunitySupportNeeded
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€3π₯3
Ready2scale Acceleration Program offers up to 60K EUR in grant for digital & deeptech innovators. If youβre at the MVP stage or beyond, this 6-month journey is designed to accelerate your development and prepare you for global markets.
Apply till 20th December 2024.
Benefits of participation:
π Gain exclusive access to over 100 top international mentors.
π Investor Readiness Program.
π Network at Future Founders Club
β―οΈ Who Can Apply?
- The financing is granted for legal persons only
- The company has at least one full-time employee
- The company is not in a liquidation or bankruptcy process
- The company is based in an EU Member State or an eligible non-EU country, including Associated Countries (Armenia is on the list)
- The solution must have a technology maturity level TRL5 or higher
At least one of the following criteria:
- be digital and deep tech start-ups that have received support from the EIC for supporting their scaleup process in Europe
- or digital and deep tech startups not yet supported by the EIC, that have already received private investment or EU funding (e.g., under Horizon Europe or the Digital Europe programmed)
π Apply here: https://ready2scale.eu
#Ready2Scale #AccelerationProgram #GrantFunding
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
Apply till 20th December 2024.
Benefits of participation:
π Gain exclusive access to over 100 top international mentors.
π Investor Readiness Program.
π Network at Future Founders Club
β―οΈ Who Can Apply?
- The financing is granted for legal persons only
- The company has at least one full-time employee
- The company is not in a liquidation or bankruptcy process
- The company is based in an EU Member State or an eligible non-EU country, including Associated Countries (Armenia is on the list)
- The solution must have a technology maturity level TRL5 or higher
At least one of the following criteria:
- be digital and deep tech start-ups that have received support from the EIC for supporting their scaleup process in Europe
- or digital and deep tech startups not yet supported by the EIC, that have already received private investment or EU funding (e.g., under Horizon Europe or the Digital Europe programmed)
π Apply here: https://ready2scale.eu
#Ready2Scale #AccelerationProgram #GrantFunding
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
π1π1
Good news for the Armenian startup community!
The National Assembly has approved a law on "State Support for the High-Tech Sector" with several important changes.
The package envisions providing over $80 million in annual support to technology sector companies in terms of tax benefits covering income tax, corporate tax, and turnover tax. Beneficiaries include micro, small, medium, and large businesses, as well as relocated and subsidiary companies, branches, and other legal entity divisions. Sole entrepreneurs are also eligible beneficiaries.
Here's what's new:
1) Boosting R&D: Resident companies paying corporate profit tax can reduce taxable income by 200% of salaries paid to R&D specialists.
2) Incentives for Hiring New Talent: Companies hiring new employees will receive 60% of the new employeeβs income tax as state support for three years.
3) Turnover Tax Reduction: Entrepreneurs and high-tech companies with turnover of up to $280k/year (AMD 115M) will benefit from a reduced tax rate of 1% (vs 5%).
4) Support for Relocants (Work Migrants): Starting Jan 1, 2026: 60% income tax reimbursement to relocants. For 2025: Same support extended to companies employing them.
Sources: Vice President of National Assembly Hakob Arsakhyan - See original post here and Advisor to VP of NA Sergey Muradyan - See the post here
#PolicyUpdates #StateSupport #Incentives
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
The National Assembly has approved a law on "State Support for the High-Tech Sector" with several important changes.
The package envisions providing over $80 million in annual support to technology sector companies in terms of tax benefits covering income tax, corporate tax, and turnover tax. Beneficiaries include micro, small, medium, and large businesses, as well as relocated and subsidiary companies, branches, and other legal entity divisions. Sole entrepreneurs are also eligible beneficiaries.
Here's what's new:
1) Boosting R&D: Resident companies paying corporate profit tax can reduce taxable income by 200% of salaries paid to R&D specialists.
2) Incentives for Hiring New Talent: Companies hiring new employees will receive 60% of the new employeeβs income tax as state support for three years.
3) Turnover Tax Reduction: Entrepreneurs and high-tech companies with turnover of up to $280k/year (AMD 115M) will benefit from a reduced tax rate of 1% (vs 5%).
4) Support for Relocants (Work Migrants): Starting Jan 1, 2026: 60% income tax reimbursement to relocants. For 2025: Same support extended to companies employing them.
Sources: Vice President of National Assembly Hakob Arsakhyan - See original post here and Advisor to VP of NA Sergey Muradyan - See the post here
#PolicyUpdates #StateSupport #Incentives
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
Linkedin
#innovation #hightech #armenia #r #futureready | Hakob Arshakyan
π’ Armenia's High-Tech Future: Bold Steps Forward!
The National Assembly has approved a transformative law on "State Support for the High-Tech Sector," showcasing Armenia's commitment to innovation and technological growth. Here's what's new:
π Support forβ¦
The National Assembly has approved a transformative law on "State Support for the High-Tech Sector," showcasing Armenia's commitment to innovation and technological growth. Here's what's new:
π Support forβ¦
π8π1
As reported by Venture with Love channel, Kazakhstan Launches $1 Billion Fund of Funds to invest in AI, digital healthcare, and key technologies with an aim to transform into a regional innovation hub. See more in the original post here.
#Kazakhstan #FundofFunds
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
#Kazakhstan #FundofFunds
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
Telegram
Venture with Love
Kazakhstan Launches $1 Billion Fund of Funds
Kazakhstan is creating a Fund of Funds to attract $1 billion in private investments. Focus areas:
β’ AI, digital healthcare, and key technologies
β’ Strengthening as a regional innovation hub
The global AI marketβ¦
Kazakhstan is creating a Fund of Funds to attract $1 billion in private investments. Focus areas:
β’ AI, digital healthcare, and key technologies
β’ Strengthening as a regional innovation hub
The global AI marketβ¦
π3
Great news!
BlueQubit announced raising $10M Seed Funding led by Nyca Partners with participation of Armenian investors BigStory, Untapped Ventures, Formula VC, Granatus Ventures and other renowned global investors.
This funding will help BlueQubit scale its platform to sectors like finance, pharmaceuticals, and material scienceβindustries eager for quantumβs potential to tackle intractable problems.
Founded by Stanford grads Hrant Gharibyan and Hayk Tepanyan (former Google infrastructure engineer), Quantum Computing is getting closer to a reality. As Tom Brown from Nyca puts it: βHrant and Hayk have the background, skills, and drive to turn theory into practice.β
Congrats to BlueQubit and all the supporters and investors.
Read more about the round in this article by TechCruch: Read Here
#BlueQubit #SuccessStory #Investment
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
BlueQubit announced raising $10M Seed Funding led by Nyca Partners with participation of Armenian investors BigStory, Untapped Ventures, Formula VC, Granatus Ventures and other renowned global investors.
This funding will help BlueQubit scale its platform to sectors like finance, pharmaceuticals, and material scienceβindustries eager for quantumβs potential to tackle intractable problems.
Founded by Stanford grads Hrant Gharibyan and Hayk Tepanyan (former Google infrastructure engineer), Quantum Computing is getting closer to a reality. As Tom Brown from Nyca puts it: βHrant and Hayk have the background, skills, and drive to turn theory into practice.β
Congrats to BlueQubit and all the supporters and investors.
Read more about the round in this article by TechCruch: Read Here
#BlueQubit #SuccessStory #Investment
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€10π1π₯1
Yellow Rocks Events Lineup Part 1β¬οΈ
Our partners at Yellow Rocks invite you to start the new year by joining their exciting events. This lineup of events is perfect for connecting with entrepreneurs and investors, exchanging ideas, and building valuable relationships.
π Use the promo code 3N for a 5% discount on all events.
βββββββββββββββββ
π Open.Space "Forward to the Heights" | Morocco
π January 24β26, 2025
An anti-conference event where participants shape the program themselves. Theyβll cover key topics like business, work-life balance, and current challenges. Youβll be in great company with Russian-speaking entrepreneurs and investors from around the world! After the main program, extend your experience with a desert tour (January 26β29).
π Learn more and register
#YellowRocks #Techevents #Entrepreneurship
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
Our partners at Yellow Rocks invite you to start the new year by joining their exciting events. This lineup of events is perfect for connecting with entrepreneurs and investors, exchanging ideas, and building valuable relationships.
π Use the promo code 3N for a 5% discount on all events.
βββββββββββββββββ
π Open.Space "Forward to the Heights" | Morocco
π January 24β26, 2025
An anti-conference event where participants shape the program themselves. Theyβll cover key topics like business, work-life balance, and current challenges. Youβll be in great company with Russian-speaking entrepreneurs and investors from around the world! After the main program, extend your experience with a desert tour (January 26β29).
π Learn more and register
#YellowRocks #Techevents #Entrepreneurship
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€2π₯1
Yellow Rocks Events Lineup Part 2
π Venture Trip | Silicon Valley
π February 22 β March 1, 2025
Spend a week in Silicon Valley visiting Google, Tesla, Netflix, Plug and Play, and Alchemist accelerators. The program includes masterminds and meetings with investors. From past trips, participants gained at least 100 new contacts, with some securing investments or even relocating to the Valley.
π Learn more and register
β΅οΈ Venture Regatta | Rio de Janeiro
π May 3β10, 2025
Join a yacht trip along Brazilβs stunning coastline, featuring secluded islands, beautiful beaches, and mangrove forests. Enjoy plenty of opportunities to connect and network with others.
π Bonus: Pair it with Web Summit Rio (April 27β30) and the Venture Trip (April 30βMay 2) to explore Brazil in depth.
π Learn more and register
π Use the promo code 3N for a 5% discount on all events.
Donβt miss these incredible opportunities to grow your network, gain fresh insights, and start 2025 on a high note!
#YellowRocks #Techevents
π Venture Trip | Silicon Valley
π February 22 β March 1, 2025
Spend a week in Silicon Valley visiting Google, Tesla, Netflix, Plug and Play, and Alchemist accelerators. The program includes masterminds and meetings with investors. From past trips, participants gained at least 100 new contacts, with some securing investments or even relocating to the Valley.
π Learn more and register
β΅οΈ Venture Regatta | Rio de Janeiro
π May 3β10, 2025
Join a yacht trip along Brazilβs stunning coastline, featuring secluded islands, beautiful beaches, and mangrove forests. Enjoy plenty of opportunities to connect and network with others.
π Bonus: Pair it with Web Summit Rio (April 27β30) and the Venture Trip (April 30βMay 2) to explore Brazil in depth.
π Learn more and register
π Use the promo code 3N for a 5% discount on all events.
Donβt miss these incredible opportunities to grow your network, gain fresh insights, and start 2025 on a high note!
#YellowRocks #Techevents
π₯2π1
Short Notice - Attention Startup FoundersβΌοΈ
The first-ever Yerevan Founder Friday by TWIST is happening tomorrow on December 20th!
Founder Fridays is a global initiative by TWIST, aimed at fostering startup communities worldwide. This event is a unique opportunity to connect with fellow founders in a supportive and collaborative environment.
π Date: December 20th
π Location: Holiday Inn
Donβt miss out on this chance to be a part of Yerevanβs growing startup ecosystem. Follow the link below to register now!
π Register Now: https://app.getriver.io/e/grvp4c8ywh1b
#TWIST #FounderFriday #Networking #Event
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
The first-ever Yerevan Founder Friday by TWIST is happening tomorrow on December 20th!
Founder Fridays is a global initiative by TWIST, aimed at fostering startup communities worldwide. This event is a unique opportunity to connect with fellow founders in a supportive and collaborative environment.
π Date: December 20th
π Location: Holiday Inn
Donβt miss out on this chance to be a part of Yerevanβs growing startup ecosystem. Follow the link below to register now!
π Register Now: https://app.getriver.io/e/grvp4c8ywh1b
#TWIST #FounderFriday #Networking #Event
βββββββββββββββββ
π₯ Join 3N to stay on top of startup news
β€4