35 investors from 12 countries participated in Investor Tour held within framework of WCIT2024/DigiTec
For the first time in Armenia, the Investor Tour was held as part of the World Congress on Innovation and Technology (WCIT2024/DigiTec). 35 investors from 12 countries arrived in Armenia to participate in an event aimed at exploring Armenian startups, companies, and investment opportunities.
Organized in collaboration with BANA Angels, this large-scale event achieved great success, providing Armenian startups with a unique opportunity to discover new financial opportunities and markets. The visiting international investors had the chance to attend WCIT2024/DigiTec, explore the conference grounds, and explore Armenia's vibrant startup ecosystem.
“WCIT2024/DigiTec, DigiTec Expo, and similar events create opportunities to showcase the local technological and innovative potential to international investors. By collaborating with BANA Angels, we were able to bring investors and startups closer, present the Armenian startup ecosystem and its developments, establish promising connections, and design new projects. I am convinced that such tours should be organized frequently and with the same high level of quality for the further development of the ecosystem,” said Sargis Karapetyan, CEO of the Union of Advanced Technology Enterprises (UATE).
The cooperation with international investors can significantly enhance the global visibility of Armenian startups, fostering innovation and partnerships. This will not only help startups expand their geography but also ensure their competitiveness in the international market, contributing to economic development in the IT sector and helping them to scale.
As part of the Investor Tour, an LP/GP investment event was also held for international investors and fund managers. This event provided a platform for partners to meet, discuss fund operations, investment opportunities, and strategies, as well as foster collaboration and build long-term relationships.
Specifically, Formula VC, Granatus Ventures, and Big Story VC shared insights about their investment strategies, key portfolio participants, and future visions. The presentations were followed by a panel discussion on international investments in Armenia, where international investors shared their views on the potential and challenges of investing in Armenia’s tech ecosystem. Ten Armenian startups conducted pitching sessions and held one-on-one meetings with investors.
From October 4-7, the most awaited technological event, of the year, WCIT2024/DigiTec, took place in Armenia at the Sport and Concert Complex after Karen Demirtchian, with the DigiTec Expo in the Meridian Expo Center. Under the headline “THE POWER OF MIND: AI Beyond Limits, Within Ethics,” WCIT 2024/DigiTec served as a global platform to amplify the impact of information technologies, emphasizing the importance of applied sciences, investments, and presence across diverse regions and economies.
