Announcing Traction Program First Batch

July 23, 2020

 

We are thrilled to announce the start of the First Batch of newly launched Armenia Startup Academy Traction Program - a 10-week mentorship-based program designed to help companies at post-prototype stage with early traction to accelerate their growth and raise their first or follow-on rounds. The program is implemented by Catalyst Foundation and supported by the European Union’s EU4BusinessTechnology Development for Armenia” project implemented by GIZ. Viva-MTS, Armenia's leading telecommunications operator, joins the initiative as a corporate partner and supporter.

 

Throughout the 5 cycles of the Armenia Startup Academy pre-acceleration program 65 startups have graduated. In total, less than €250K was spent during the 2,5 years on running the program, while companies that graduated ASA disclosed raising more than ‎€3 million of funding.

 

While things evolve, Armenian startups start facing new challenges, which are more sophisticated by their nature. As a response to an existing need in the ecosystem for a next-level program, Academy team has designed the Traction Program

 

Over the 10 weeks of the Traction Program, participating startups will work closely with leading professionals in Sales and Growth Hacking, establish their growth frameworks, refine and validate their strategies and get support for Fundraising and expanding to international markets.

 

Under the light of the Covid-19 pandemic the program will be held remotely. More information about the program can be found here.

 

The first cohort involves 9 companies reflects a diverse range of startups that bring new waves of innovation in industries such as edutech, transportation, media, HR, marketing and more.

 

The selected cohort of the first Traction Program includes:

 

CauldronApp helps companies save applicant screening and interviewing time by recruiting through challenges.

 

ConstApps is an E-commerce mobile application builder providing marketing solutions to allow for customer retention. 

 

Dowork is a collaborative platform for project time and cost estimation.

 

dzook is a technology converting simple photos into illustrated portraits, which can be used in different areas such as video editing, plugins for drawing and design tools, 3D animation, etc. 

 

Hub Technologies democratizes the shipping industry and connects shippers directly with carriers without charging brokerage fees. 

 

LiveBoard is an interactive whiteboard application for online tutoring and distance learning.

 

Rentopian is an all-in-one software for event rental business operations.

 

SmartSender is an AI-powered retention marketing automation platform allowing for omni-channel customer retention. 

 

TabuLearn is an end-to-end provider of data science and AI services allowing anyone who has access to data to build AI models and extract actionable insight for their business.

 

 

Welcome to the Armenia Startup Academy Family!

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