RA MHTI and Plug and Play Accelerator Continue Their Program: Participating Startups Have Already Achieved Significant Success

The program, launched on October 30 by the Ministry of High-Tech Industry of the Republic of Armenia and the renowned international accelerator Plug and Play for 20 Armenian startups that passed the competition stage, is ongoing, with the 12th week of training already underway.

Out of 119 startups that applied for participation, 20 were selected for the program: Tactun, Kerpak, The Fintch, EdMap, Prodmap, Doctor Yan, Biocentric, Wearify, Hirebee, Zegashop, Moby, Sestive, Hoviv, FiveBrane, Text'nPayMe, Doccy, CaseLens, Doodooc, LunarTech, and Pearch.AI.

Plug and Play provides consulting services, business development, networking, innovation support, and individual mentoring to the companies in the program.

Seven participants—representatives of the startups Doccy, Biocentric.ai, Tactun, Moby, Zegashop, Prodmap.ai, and Pearch.ai, attended the Plug and Play Silicon Valley Winter Summit 2024 on November 19-21. This was a significant opportunity for them to represent Armenia, establish connections, and promote their teams and products on international platforms. Over the three-day conference, more than 75 speakers from world-renowned companies delivered lectures on various topics across different sectors of the technology industry. The participating Armenian startups presented their products at the Winter Summit 2024, resulting in several agreements with investors for further collaboration.

The courses, which began on October 30, are held three days a week for 1.5 hours each session, followed by individual mentoring for each startup. The participating startups are already achieving significant success, forging partnerships with prestigious international organizations.

The contract for the implementation of the program between the Ministry of High-Tech Industry of the Republic of Armenia and Plug and Play Germany GmbH was signed on August 15, 2024, with a competition budget of AMD 336,000,000 (three hundred thirty-six million).

Plug and Play collaborates with leading organizations such as VISA, ROCHE, JAGUAR LAND ROVER, WALMART, Mercedes-Benz, VOLVO, PORSCHE, NISSAN, and more. It also boasts a portfolio of over 30 unicorn companies, including PayPal, Dropbox, Honey, SoundHound, Rappi, CourseHero, Pinterest, and Pony.ai.

The video below showcases the participating startups, industry association chairs, and their impressions of the program’s effectiveness.