Four winning startups from Revive Deep Tech Accelerator received grants Four winning startups from Revive Deep Tech Accelerator received grants

The official closing ceremony summarizing the results of the UNDP Revive Deep Tech Accelerator program implemented by the Foundation for Armenian Science and Technology (FAST) took place in Yerevan on December 20.

The official closing ceremony summarizing the results of the UNDP Revive Deep Tech Accelerator program implemented by the Foundation for Armenian Science and Technology (FAST) took place in Yerevan on December 20. The purpose of the accelerator was to develop the capacity of local and foreign startups and expand their current activities into developing assistive technologies to improve the quality of life of persons with disabilities.

Revive Veteran Support Program is the project of the UNDP’s ImpactAim Ventures Accelerator, which was implemented by the Foundation for Armenian Science and Technology (FAST). The Ministry of Labor, Social Affairs was the partner of the project.

Eighteen (18) startups from seven countries, including Armenian companies, applied for Revive, with twelve (12) participating in the five-week acceleration program. Through FAST’s program, they refined their solutions, got acquainted with the procedure of entering the local and international markets, obtained the necessary health certificates, and received advice on other areas of business development.

The winners were announced during the closing ceremony and are four (4) companies from Armenia, Iran, and the United States. Armenian AIP Tech startup received a grant of $7,000, the other three - Key2enable, Sheral, and oqni - received a grant of $2,000 each.

 

Natia Natsvlishvili, UNDP Resident Representative in Armenia, noted that about one billion people worldwide need assistive technologies. According to certain estimates, by 2030, that number could reach two billion. "The good news is that technological development allows us to provide assistive technologies to all of those persons with disabilities. And our commitment is to reach out to the technological companies to make sure that these people enjoy dignified life", said UNDP Resident Representative in Armenia.

 

Natia Natsvlishvili expressed her gratitude to her colleagues and participating startups, hoping it was a solid and rewarding experience for them.

Revive is a part of a larger UNDP Veterans Support Program under the UNDP Tech2Life Auxiliary Technologies for Self-Sufficiency.