15:52 | 06.07.21 | News | 5239

Applications Open for SAP Startup Factory by BANA

BANA (Business Angel Network of Armenia) announced the opening of applications for SAP Startup Factory by BANA acceleration program.

10 mature startups will be selected for the 1st batch. Applications can be completed through July 25th.

SAP Startup Factory is established by SAP, a German multinational software corporation, and
BANA - Business Angel Network of Armenia. The ultimate goal of the establishment of SAP
Startup Factory in Armenia is to guide as many selected startups as possible to SAP Store, which
is the access to the global SAP customer base. The program will enable Armenia to become a
regional hub by opening the program for the startups from the region.

Some of the criteria for participation include:

- Viable B2B startups from SAP’s interest fields
- Effectiveness and efficiency of the solution
- Competitiveness of the product
- Having a clear market assessment
- Functional prototype or MVP
- Financial prospect and potential
- Products with the demand in the target market (b2b markets).

The applications can be submitted on the official website: https://sap.startupfactory.am/.