About ImpactAIM Venture Accelerator

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Our Story

Behind the scenes

The Sustainable Development Goals (SDGs) and the Addis Ababa Action Agenda on Financing for Development call on all countries to, among other things, advance the welfare of societies, economies and the environment. Science, technology and innovation were identified as key means of implementation for the 2030 Agenda. While donor and philanthropic funds add up to billions of dollars, the cost of solving the world’s most critical problems runs into the trillions, with an estimated $2.5 trillion annual funding gap to achieve the SDGs in developing countries. To close the gap, it is imperative to develop and implement innovations that can attract national resources and private capital towards development objectives. A new generation of financing mechanisms is needed to achieve the SDGs. Impact investment and social entrepreneurship represent an important framework for a new range of tools aimed at leveraging private investment for public good. Armenia is a perfect laboratory and testing ground for an overt and strategic collaboration between international development organizations and impact investors and social entrepreneurs. Armenia’s economy has been considerably supported by institutional donors and Armenian diaspora (both individual philanthropists, and mid/low-income one providing private transfers) which are looking for innovative and more effective approaches for creating social good.

How we do it

In 2017, an important step was made towards the creation of impact venture culture, the first IID summit organized by the UNDP. The summit was a collaborative dialogue that brought together a wide range of impact business leaders, social venture philanthropists, United Nations officials and other development practitioners. Social entrepreneurs, philanthropic organizations, government representatives as well as academic leaders were present during the event. The summit brought together key stakeholders from the growing impact investment ecosystem in order to create new models of collaboration between investors, ventures, governments and international development organizations. Yet another milestone followed the summit, the founding of the SDG Innovation Lab supported by the Government of RA. ImpactAIM Venture Accelerator is a key component of this process, an accelerator to support the startups helping bridge these gaps in achieving SDGs. As an independent platform ImpactAim Accelerator brings together the private sector and development agencies to exit solutions and startups that both: are targeting the development of a specific sector (Agriculture, Climate, Education, Food, etc.) and have a sustainable business model that can be further scaled. ImpactAim serves as (a) a viable platform bringing together the existing knowledge and capacity of Armenian tech and business communities, leveraging collective expertise for systemic change (b) assures the quality of solutions as well as their consistence with the global country development priorities c) facilitates new markets for startups

Team

Tatevik Koloyan

UNDP Innovation and SDG Finance Lead

Artak Melkonyan

Chief Operations Officer, UNSIF, UNDP Bangkok Regional Hub

Vahagn Voskanyan

Impact Investment Adviser at UNDP Armenia

Ruzanna Safaryan

UNDP ImpactAim Venture Accelerator Lead

Lilit Yeghoyan

UNDP ImpactAIM IMM Expert

Tatevik Markosyan

UNDP ImpactAIM IMM Lead

Ani Simonyan Yavrents

Communications and Events Management assistant

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