In April of 2023 AITC/EIF Center held a Startup Idea competition under the title "Cutting Edge Technologies for the Cultural, Creative, and Tourism Business Sector".
One of the main prizes of the competition was a study visit to Italy, which is a great opportunity to get acquainted with cultural and creative trends and to the latest trends in tourism business sectors.
In addition to the main prizes, there were also incentive prizes from EIF, AITC Center and our various partners, which were awarded to teams with the most interesting and creative ideas.
21 teams participated in the competition and presented their unique innovative ideas to the Armenian-Italian jury. The competition started with a two-day bootcamp (April 26-27), during which the participating teams acquired new skills with the support of industry experts and perfected their ideas with the help of the jury.
The final pitching event took place on April 28, where the final ideas were presented to a jury made up of Armenian and Italian professionals, who chose the winning team, "Tiny".
The startup idea that won the "Tiny" team was to create technology that allows deaf and mute people to communicate more easily with the world around them by reading sign language and speaking the spoken sentence through an app.
"Tiny" was created 2 years ago in Vanadzor, including both the Vanadzor Technology Center team and several participants of the educational programs conducted by EIF in Lori Marz. And during the last 1 year, "Tiny" also participated in the "Investment Readiness for Women-Founded Companies" program implemented by the EIF, thanks to which the investment attractiveness of the team improved.
The competition was organized under the "Cooperation Armenia" program, which is implemented by the "Enterprise Incubator" Foundation / Armenian-Indian ICT Excellence Center in collaboration with the Municipality of Monfalcone, Polo Tecnologico Alto Adriatico and the Municipality of Aquileia. The project is funded by L.R. 19/2000 (Regional Law) by the Friuli-Venezia Giulia Region.
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