Entrepreneurs, which are now either in Armenia or abroad, can join Erasmus for Young Entrepreneurs Program. It aims at fostering the intercultural exchange of entrepreneurs and a chance to learn from European colleagues in the European companies. An Armenian entrepreneur will learn from his/her more experienced colleague in one of the European countries participating in the program.
Who can participate?
- Entrepreneurs with up to 3 years of experience.
- Anyone who plans to start a business.
The program stipulates that 75% of the costs of the entire exchange are covered by the EU grant on a monthly basis, and 25% of the costs are borne by the entrepreneur. Entrepreneurs can be on an exchange abroad for 1 to 3 months.
Contact details of implementors:
- Jinishian Memorial Foundation: Liana Sargsyan, Ms Project manager; lianas@jinishian.am
- SME_DNC: Lilit Hayrapetyan, Ms Head of Division; lhayrapetyan@smednc.am
Armenian SMEs with less than 250 employees can get local consultancy of up to €10,000 (<60% of costs) and international advisory of up to €52,800 (<88% of costs) to further improve financing solutions of their businesses in Armenia.
If you are a micro SME planning to apply for Horizon Europe, this project will provide capacity development for proposal preparation through workshops and trainings.
Startups involved in the Armenia Startup Academy Traction or Regular Programme can apply for intensive mentorship with the companies to improve management, get international exchange knowledge or networks.
Are you a high-growth potential start-up already having minimum viable product? Business Angel Network of Armenia (BANA) will support you in developing business plans and attracting investments by easing the process of investment and portfolio management.
Grantees of the EU Green Agriculture Initiative in Armenia and agribusinesses can apply for support in market access and marketing advisory, consultancy on quality standards, equipment and support for participation in trade fairs with an overall aim of boosting green agriculture in Northern provinces of Armenia.
SMEs in the sectors of bio/organic food, wine, tourism, textiles and creative industries can apply for twinning, B2B matchmaking and study visits. 59 sub grant schemes for 3rd parties at €60.000 (maximum, based upon the nature and duration of the activities) are available as a support to SMEs with exports to EU countries.
A new business incubator (BI) in the Armenian capital Yerevan enhances the economic integration of Syrian-Armenian and Lebanese-Armenian origin, returning Armenian migrants from EU and other countries, repatriates and other displaced people, as well as local Armenians (residing and living in Armenia) and the host population through raising the competitiveness of the local economy by stimulating innovation and entrepreneurial spirit in Armenia. The BI provides a unique full cycle of business support services including training, coaching, mentoring and access to finance with grants and loans, as well as a co-working area located in central Yerevan.
The Eastern Partnership Trade Helpdesk facilitates you in identifying exporting obstacles and better understanding regulatory and procedural issues in trading goods and services as well as offers capacity building programme in market analysis at the country level. The one-stop-shop online portal on the region and the EU gives free access to trade information (tariffs, non-tariff measures, taxes, trade statistics and procedures) to all business entities.