The third cohort of the Plug and Play accelerator program for startups has begun in Yerevan.

The third stage of the startup support program by the international innovation platform Plug and Play officially launched in Yerevan, implemented with the support of the Ministry of High-Tech Industry of Armenia.

The launch ceremony was attended by Minister of High-Tech Industry Mkhitair Ayrapetyan, Vice-Speaker of the Parliament Hakob Arshakyan, Deputy Minister Ruben Simonian, as well as representatives of the technology sector, international mentors, and participants in the startup ecosystem.

Speaking at the opening, Ayrapetyan emphasized the importance of such initiatives for the development of Armenia's technological ecosystem. According to him, these programs contribute to the advancement of innovations, strengthening international ties, and enhancing the competitiveness of Armenian startups.

As part of the new cohort, 18 selected teams will undergo a three-month pre-acceleration program aimed at refining their products and preparing for entry into international markets. Participants will also gain access to international mentors, practical knowledge, networking opportunities, and the global Plug and Play platform.

Among the startups in the current cohort are Bleenk, Empy.ai, LexAI, Megaladata, and others.

Since the beginning of cooperation between the Ministry of High-Tech Industry of Armenia and Plug and Play in 2024, two stages of the program have been successfully completed, providing support to approximately 40 startups. The initiative aims to further develop the country's startup ecosystem and strengthen the positions of Armenian teams in the global market.

Source: en.armradio.am