Second anniversary of BANA united Armenian and European business angels

Business Angel Network of Armenia, supported by European Union’s “Support to SME Development in Armenia” (EU-SMEDA) project on June 11th organised “Two Years winged: What’s next?” Early Stage Investment Conference for Business people and investors.

The founder of the international Crosspring VC Maurice Beckand and Spanish Angel Investor Jesús Lozano were the special guests during the 2nd anniversary of BANA at the Early Stage Investment Conference.

The speakers were the head of cooperation section at the European Union Delegation to the RA, Gonzalo Serrano De La Rosa, and the head of “Support to SME Development in Armenia” (EU-SMEDA) program Eva Naeher.

The founder of the international Crosspring venture company Maurice Beckand started angel investing in 2005 after his work at a Dutch based VC. He invests in seed stage ICT startups, including Armenia-based ones. Maurice uses his company Crosspring to invest in startups as a lead investor or as a syndicate partner. He is an Angel at BANA and was an advisor for BANA since its establishment.

The head of Cooperation Section at the European Union Delegation to the RA, Gonzalo Serrano De La Rosa congratulated the Business Angels Network of Armenia (BANA) on the occasion of it’s 2nd anniversary, highlighting its importance on the development of business and investment environment in Armenia. The European Union supports the Business Angel Network of Armenia through the EU's Support for SME Development program.

The head of “Support to SME Development in Armenia” (EU-SMEDA) program Eva Nehler highly appreciates the business angels' support to startups not only financially, but also in transferring knowledge, experiences and guidance to them."European investors involved in the Business Angels Network of Armenia (BANA) are doing valuable work in this regard by sharing their experiences and skills with the Armenian startups," she said.

The Early Stage Investment Conference aims at presenting the investment environment of Armenian IT sphere to the Armenian and foreign businessmen as well as presents the activities of Business Angel Network of Armenia initiated by GlobalAM NGO, which enables the entrepreneurs to make important and profitable investments in Armenian startup ecosystem.

Grigor Hovhannisyan, the director of the Business Angels Network of Armenia (BANA), says that such business meetings will bring Armenian-European economic cooperation to a new level. "The establishment of the Startup ecosystem is really important for our country, and due to your readiness to support the development of the investment environment, the process will be more effective.''

BANA gives entrepreneurs an opportunity to effectively invest in the Armenian Startup Ecosystem. The angel investors of BANA have already invested in six startups, and now negotiations are underway to invest in three new startups.