Opening the European market to Armenian startups

29.12.2021

The German software corporation SAP and the Business Angel Network of Armenia have announced about the establishment of the SAP Startup Factory by BANA in Armenia, in June of this year.

 

The establishment of the SAP Startup Factory was made possible through the support of the EU4Business “Innovative Tourism and Technology Development for Armenia (ITTD)” project implemented by GIZ and co-funded by the European Union and German Federal Ministry for Economic Cooperation and Development (BMZ).

 

Over the past months, selection of startups was conducted and one-on-one work with the latter commenced.

 

Itel.am talked about the activities and goals of SAP Startup Factory with the ITTD project Advisor Mariam Babayan, SAP CIS Chief Operating Officer Alexey Petunin and BANA Director Grigor Hovhannisyan.

 

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