Climate Tech Hackathon

30 Jun 2018 - 01 Jul 2018
ISTC

The 24-hour event is about creating solutions to forestry and agriculture challenges
Register

Blockchain Hackathon: Securing the integrity of elections

23 Jun 2018 - 24 Jun 2018
Hero House

The teams will have 30 hours to develop an oracle for Ethereum based smart contracts that can help improve the integrity of elections
Register

David Yang

ABBYY

Founder of ABBYY company, creator of Lingvo digital dictionary

Artashes Vardanyan

Microsoft Innovation Center

Director of Microsoft Innovation Center

Marina Mkhitaryan

Kolba Lab

UNDP/Kolba Innovations Lab Lead

Pierre Hennes

Granatus Ventures

Co-Founder & Partner at Granatus Ventures

Armenia Today

Get the latest Armenian news from different sources.

Playland Armenia

Free education and recreation platform

Eye Care Plus

Check and practice to improve eyesight

gg

Online taxi order app

Dictoro

Sport score predictions

CityNabz

City events guide

Velopark

Bicycle parking and service search app

Shadowmatic

Imagination-stirring 3D puzzle game

Dutch incubator invests in Armenia-based startup

Dutch Crosspring incubator made an investment in Triple-E, an Armenia-based startup that develops Augmented Reality solutions.

Triple-E is a platform that allows creating and spreading user’s own Augmented Reality solutions: videos, photos, 3D models.

Itel.am talked to Triple-E co-founder and CEO Aryan Behzadi and Dutch entrepreneur, Crosspring seed accelerator and incubator founder Maurice Beckand Verwee, who noted they cannot disclose the amount of the investment.

Aryan Behzadi told us that Crosspring’s investment was their first.

“About 1 year and half ago me and my mentor Mohammad Mahdi Kermani started working on Augmented and Virtual reality. On March of 2016 I’ve gathered a team from IBM ISTC students and finally started working on the project as a startup.Till now we have won several prizes such as IBM ISTC Startup Challenge, Smarter Armenia Hackathon. In December we were awarded the STEP prize from EIF,” he said.

According to Triple-E founder, the platform allows users to realize their ideas without the requirement of coding skills.

Apart from the co-founders, Triple-E team includes four staff members, but Aryan Behzadi states they are going to expand the team. He also informed that the first step for them is to expand their business into Armenia, so probably the next target would be Europe.

Maurice Beckand Verwee noted in his turn that they picked their companies of choice for investment based on criteria of Team, Scalability, Time to market and International potential.

“So on these elements Triple-e scored well. By the way, Crosspring supports the portfolio companies not only with cash. We always help them with strategic manners and open up our network. Next to that they can benefit from our network of portfolio companies, alumni and tech hubs across Europe,” the investor said.

Touching on possible future investment rounds, Maurice Beckand Verwee stated it would depend on what Triple-E needs for further growth.

“First focus is on getting the product out and generate turnover. This will generate a value increase in the company and if extra investment is needed it will be easier to raise it.”

Crosspring founder also stressed that the investment in Triple-E is only the beginning for the company’s activity in Armenia.

“We are interested in investing more into the Armenian market of tech startups. Crosspring has started collaboration with the EIF for their new acceleration program from February till May. This we give us the opportunity to get more insights in the current market of tech startups in Armenia,” Maurice Beckand Verwee said.

Narine Daneghyan

submit to reddit

Comments

Dear visitors, You can place your opinion on the material using your Facebook account. Please, be polite and follow our simple rules: you are not allowed to make off - topic comments, place advertisements, use abusive and filthy language. The editorial staff reserves the right to moderate and delete comments in case of breach of the rules.



banks
mediamax
sport
bravo