11:22 | 23.05.17 | News | 42948

Winners of startup funding contest revealed

The winners of the funding project for innovative startups, organized by Global Credit UCO and Renesa Investment Company, have been revealed.

Armenian Ministry of Transport, Communication and Information Technologies informed that the winners are AR Magic and Webex Technologies teams, each of whom will receive financial investment of AMD 10m to realize the ideas they presented.

Around 30 teams applied for the contest, 10 out of which were invited to the organization’s headquarters to present their projects to the members of the jury. The selected 5 participating teams qualified for the next stage, where 2 best solutions were chosen.

The jury included a representative of the Armenian Ministry of Transport, Communication and Information Technologies, as well as founders of famous Armenian startups.