Economy 16:17 14/09/2017 Armenia

More than 50 startups have applied for the ‘Seedstars’ competition

Microsoft Innovation Center Armenia in partnership with VivaCell-MTS organizes the local stage of the ‘Seedstars; international competition. Armenia hosts the competition already for the fourth time and more than 50 teams have submitted their applications with various innovative solutions. The Center reports that the analysis of startups, applied this year, shows that the IT sphere of Armenia is developing in line with international trends. ‘Seedstars’ is of great interest to early-stage teams, as well as mature startups with certain seed funding attracted. Most of the startups have developed solutions with artificial intelligence and machine learning in diverse sectors, such as education, health care, fin-tech and e-commerce.

‘Some startups have developed solutions in education to offer various methods and better experience for learning coding, which is also in line with trends of international market. It is worth to mention that some applicants offer solutions with AR/VR technologies. They can be quite competitive in international market,’ mentions Artashes Vardanyan, the Director of Microsoft Innovation Center Armenia.

VivaCell-MTS, which is the general partner of the ‘Seedstars’ competition, provides continuous support for the development of local ICT sector.

“Assisting the ‘Seedstars’ competition, which is unique in its format, is in accordance with the commitment of VivaCell-MTS to support Armenia’s long-term development through identifying the huge potential existing among Armenian talented youth, creating favorable conditions for them to develop their creativity as well as supporting them to overcome obstacles of competitive environment and fulfilling their ideas,” said VivaCell-MTS General Manager Ralph Yirikian.

The application process of Seedstars Yerevan is still open, and interested startups can apply through the webpage http://bit.ly/2vUOQns, using the code SSW_Yerevan_2017. The application deadline is September 19. The local stage of the competition is organized with the support of VivaCell-MTS, the leading telecommunications operator in Armenia and the Embassy of Switzerland in Armenia.



Source Panorama.am
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