Enterprise incubator foundation announces deal generation matching grants competition

YEREVAN, December 16. / ARKA /. The Armenian Enterprise Incubator Foundation (EIF) has announced today Deal Generation Matching Grants Competition in the framework of E-Society and Innovation for Competitiveness Project, which includes Innovation Matching Grants, Gyumri Matching Grants and Vanadzor Matching Grants. 

EIF said the competition is intended to provide series of grants to support new product, service or process adaptation, improvement and/or development, which would stimulate the rate of technology absorption, technology transfer, innovation and commercialization in the private sector. Minimum amount of grant per initiative is 10.000 USD, maximum amount is  50.000 USD. 

EIF head Bagrat Yengibaryan said  Innovation Matching Grants provide funding for maximum 50% of expenditures estimated by the applicant for development and sales of new product/service meeting the objectives of the project.  Maximum duration of presented project is 1 year. 

Gyumri and Vanadzor Matching Grants provide funding for maximum 85% of expenditures estimated by the applicant for development and sales of new product/service meeting the objectives of the project.  Maximum duration of presented project is one year.

All interested candidates should send their application forms to EIF by e-mail to [email protected] CC: [email protected] before December 26, 2014. All the applications received after the deadline will be considered in the next round of grants. 

EIF said also for all interested candidates on December 19, at 15:00 an orientation seminar will be organized to provide more information on application process and answer all the questions.-0-