Representatives of startup incubators trained in the development of business ideas

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The EU4Business project “Innovative Tourism and Technology Development for Armenia” (ITTD) conducted a High Performance Training of Trainers (ToT) for representatives of incubators supporting Armenian startups.

The training consisted of 8 weeks of intensive work, learning new skills, sharing experience and interacting with other industry representatives.

Image by: Mediamax

The EU4Business ITTD project is co-funded by the European Union and the Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the German Development Cooperation GIZ.

International entrepreneurship expert Jesus Lozano gave the ToT course. Participants learned how to best refine the business ideas they support, meeting market demands.

“One of the main goals of our project is to support the entrepreneurship ecosystem in Armenia. By helping technology companies, we aim to contribute to the development of innovation in the economic landscape of the country,” said Wilhelm Hugo, team leader of the EU4Business project “Innovative Tourism and Technological Development for Armenia” (ITTD). .

William Hugo

William Hugo Image by: Mediamax

Hugo underlined the importance of the specific training course which covered a series of pivotal topics, such as the identification of entrepreneurial talents, the validation of business ideas and the management of incubators.

“I hope the training will prove useful and help provide more targeted support to startups in the ideation phase, thus turning them into successful businesses. a more coherent vision of the viability of their future business.All these changes will, in turn, have an impact on the development of the business environment in Armenia,” said Wilhelm Hugo.

Wilhelm Hugo and Hovhannes Yeritsyan

Wilhelm Hugo and Hovhannes Yeritsyan Image by: Mediamax

Silja Kasmann, deputy head of the cooperation section of the EU delegation to Armenia, said the European Union is happy to support the development of tech start-ups over the past years.

Silja Kasmann

Silja Kasmann Image by: Mediamax

“The entrepreneurial tech sector in Armenia is growing very rapidly, and we are happy to support its growth and development! We hope that with the help of this course, startups can more easily validate their ideas and choose the right strategy. Soon we will hear more success stories from the Armenian tech sector!”, – said Silja Kasmann.

Image by: Mediamax

Kassman stressed the importance of the active engagement of women in training courses, affirming the EU Delegation’s commitment to supporting women entrepreneurs on an ongoing basis.

Silja Kasmann

Silja Kasmann Image by: Mediamax

“A strong entrepreneurial ecosystem is one of the key factors for long-term sustainable development. In this respect, the European Union is happy to support initiatives such as the training of incubator managers, which will not only improve participants’ knowledge and entrepreneurial skills, but will also offer a wonderful opportunity for professionals to exchange, network and build a strong united community. says Antonis Tsamoulis, in charge of cooperation at the European Union delegation in Armenia.

International entrepreneurship expert and facilitator Jesus Lozano delivered the training course (ToT) where participants learned how to best refine business ideas to support and meet market demands. Jesus Lozano, presented the main aspects covered during the training and underlined the value of the development of this industry in Armenia.

Jesus Lozano

Jesus Lozano Image by: Mediamax

“In Armenia, a lot of startups are created, but few of them succeed, so having very effective incubators is a must. We try to understand the challenge and fill in the gaps. It is essential that the representatives incubator have the opportunity to say to someone at some point: “You’re great, but your idea isn’t, or the opposite, your idea is great, but you’re not an entrepreneur, stop wasting your time. ”

Jesus Lozano

Jesus Lozano Image by: Mediamax

Hovhannes Yeritsyan, intern, co-founder of AgriTech Incubator, in addition to learning new skills, highlighted the interactions and connections made between the participants:

Hovhannes Yeritsyan

Hovhannes Yeritsyan Image by: Mediamax

“The most important thing is that we don’t see each other as competitors. Let’s be sincere – in the Armenian ecosystem, incubators are in competition with each other. During this period, we have achieved that if we plan everything properly, we will no longer need to compete, but rather to take advantage of the opportunity to be partners.

Hovhannes Yeritsyan

Hovhannes Yeritsyan Image by: Mediamax

ToT intern Arpine Sargsyan, representing the Gyumri branch of the Economic University, stressed the importance of involving not only Yerevan, but also other regions, in such projects.

“For us it meant everything to be part of this initiative as we had been working hard to establish a Startup Academy in Gyumri for quite some time now. start-up, however, we lacked sufficient experience for the incubation process and struggled to understand the overall process. From this point of view, participation in this project gave us the knowledge of practical tools and interactions with key players in the ecosystem such as FAST, BANA, EPIC, etc.

Arpine Sarkissian

Arpine Sarkissian Image by: Mediamax

Arpine Sargsyan also mentioned that he launched a series of meetings with other participants from various incubators to discuss potential collaborations.

“There is huge potential in Gyumri, especially among schoolchildren and undergraduates. If we work resourcefully with young people from the start, we can end up with a range of great companies.

Yana Shakhramanyan

Photos: Emin Aristakesyan


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