Success stories

The Digital Pomegranate, an IT company based in Gyumri
Training young people for a digital future in the regions
Armenia
 | 
02/05/2019
Sustainable regional development in Armenia depends on overcomingthe gap between the capital Yerevan and the marzes (regions) by providing young people with the skills they need to fuel local economic growth. The Digital Pomegranate , an IT company based in Gyumri, the country’s second largest city, has employed young specialists trained with the help of the European Union. Armenia’s economic...
On the zip wire at the Yell Extreme Park in Yenokavan
Advising designers, adrenalin seekers, and social entrepreneurs
Armenia
 | 
20/04/2019
As part of the EU4Business initiative, the European Union and the European Bank for Reconstruction and Development (EBRD) are developing the private sector in Armenia through advisory services and improved access to finance for local SMEs, provided through the SME Finance and Advice Facility . “Usually business owners come to us, present the issues they have and we advise local consultants and...
Yana Pogosyan (photo by Nazik Armenakian)
Yana and Arev: Young Armenian women bringing innovation to their country
Armenia
 | 
04/03/2019
Yana Pogosyan puts what people discuss at various training sessions and forums into graphics. She turns words into images, collecting “showpieces” for exhibition, making it easier to perceive information. So far, this method has not been widely used in Armenia, but, as Yana says, it is very promising and popular in many countries. As a graphic designer, Yana has been engaged in graphic recording...
Cyber Mantis Games is one of the winners of Seven Startup Summit 2018
Armenian gamer hopes EU grant will help propel new game onto European markets
Armenia
 | 
18/02/2019
With the help of EU4Business, an Armenian start-up has developed a new video game that it soon hopes to release in all European languages. Cyber Mantis Games developed its game, ' The Last Daredevil' , inspired by the Armenian legend of David of Sassoun. The hack’n’slash game takes the ancient hero and places him in an unexpected cyberpunk setting, making him explore his identity by traveling...
Boosting Technological Developments in Shirak Marz
From unemployment to high-tech: how EU4Business is transforming prospects for young people in Armenia
Armenia
 | 
25/01/2019
People from all walks of life have participated in the 'Boosting Technological Development in Shirak Marz' project – an EU-funded initiative implemented under the EU4Business initiative by the Microsoft Innovation Centre in Armenia, and aimed at meeting the demand of local IT companies by training the unemployed youth of Shirak to become junior developers. Of the 80 students who passed the logic...
Volterman co-founder Gevorg Poghosyan during the IMG grant award ceremony in 2017
Developing a smart wallet with EU support: 'market interest in our product has been spectacular'
Armenia
 | 
08/01/2019
The idea for the Volterman smart wallet came to Armenian tech entrepreneur Azat Tovmasyan when his daughter Natalie lost her wallet. Combining sleek design and smart technology, that idea has now developed into a prototype wallet packed with digital technology. And EU support is helping the start-up he co-founded to take the product to market. Volterman combines 5 smart functions: a built-in...
At work at staff.am
Artificial Intelligence for smart recruitment: EU boost for an innovative start-up
Armenia
 | 
21/12/2018
An Armenian start-up is developing an artificial intelligence recruitment tool that harnesses the power of data and deep learning algorithms to save recruiters' time and boost the hiring process by providing pipeline of targeted quality candidates. This year, the company secured an EU-SMEDA Innovation Matching Grant (IMG), funded by the European Union under its EU4Business initiative, described...
Aram Gasparyan celebrates the launch of his business in Goris
From amateur to professional: EU4Business support transforms one man's souvenir production in Goris
Armenia
 | 
19/12/2018
Aram Gasparyan works in printing and production of outdoor advertising boards in the city of Goris in Armenia. Since December 2017, his business has grown from amateur level to specialised production, with the help of EU4Business, through the EU-funded project on 'Boosting the Competitiveness of regional SMEs', implemented by the Small and Medium Entrepreneurship Development National Centre of...
The Embry team at the Vanadzor Technology Centre
Armenian start-up finding its feet with unique innovation
Armenia
 | 
17/12/2018
An Armenian start-up has developed a unique weight-tracking insole, using smart technology to monitor weight and physical activity. Now, with the help of EU4Business, the company is targeting EU markets for export. According to co-founder Nare Gevorgyan, Embry is unique because it is the first smart insole in the world that automates weight tracking: “ Unlike existing activity trackers and smart...
WiseLogger offers user friendly data logging solutions
With EU kick-start, Armenian tech firm targets global markets for data logging
Armenia
 | 
28/11/2018
DataLogger is a Yerevan-based company, specialised in smart machines and data acquisition control systems. WiseLogger, created by DataLogger, is a flexible, configurable, and user-friendly turn-key solution which data loggers can use in a wide variety of applications, such as industrial manufacturing and automation, remote monitoring, automotive industry, data collection, pharmaceutical...