Winners of Armenian startups competition get 10 million drams each

YEREVAN, June 28. /ARKA/. AR magic and Web Pro by Game startups were named the winners of a competition of innovative startups in Armenia, which kicked off on March 23, attracting 30 projects. The purpose of the competition was to support innovative ideas by investment.

Both projects will receive 10 million drams each from Global Credit universal credit organization and Renesa investment company. The companies, in turn, will receive almost 9.99% in the projects.
AR magic is a project for creation of children's coloring on the basis of Armenian fairy tales by using the augmented reality technology.

"With the help of modern technologies, we want to revitalize the educational process and make it more exciting. As for the competition, it is an example for other companies in Armenia in terms of supporting start-ups," said Hayk Varosyan, co-author of the AR magic project.

Web Pro by Game project manager Hayk Arakelyan, in turn, said that his goal is to teach children the basics of programming.

"By playing one may become a professional programmer and get real work offers. We have been producing highly successful personnel for eight years, but this project is  for the foreign market," he said. -0-

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22:00 06/28/2017