Armenia Startup Academy Traction Program is an intensive mentorship-based program designed for companies that have managed to gain initial traction, and need help in intensifying it. We partner with top mentors to establish the most appropriate growth framework, leveraging mentors’ deep expertise in Growth Hacking and Sales. As well, the program aims to support companies with expanding to international markets and fundraising, including fundraising strategy and deck development.
The program is initiated by Catalyst Hi-Tech and Entrepreneurship Development Foundation; and supported by EU4Business “Technology Development for Armenia” project operating under the EU4Business initiative of the European Union implemented by German Development Cooperation-GIZ. Viva-MTS, Armenia’s leading mobile network operator, joins the initiative as a corporate partner and supporter.
Armenia Startup Academy Traction Program
Support in growth hacking strategy development
Implementation of growth hacks in initial expansion stages
Access to international expertise
Support in sales strategy development
Sales plan for target markets
Access to industry-specific sales practices
Need assessment and
Support in fundraising
Involvement of well-connected experts and mentors
Each company will have an individual development program tailored to its needs, including weekly or bi-weekly meetings with experts to work on the following components
Traction Program Coaches
Shahan Khoshafian has 10+ years of experience in enterprise business development, sales, marketing, and product development across industries such as Media & Entertainment, Mobile, AI, CRM, & Blockchain. He is currently the Co-Founder & CEO at Startup Assistant and the host of the On with Shahan podcast series.
Alec Beglarian is a digital marketing, branding, user experience and marketing consulting specialist with 15+ years of experience with a core expertise in email marketing. Alec is the Founder and Email Marketing & Deliverability Consultant at Engage.guru. Previously, he was the Founder and CEO of an email service provider - RedCappi, which was acquired in late 2015.
Narine Kotikyan has 12+ years of experience in marketing and innovation management, growth hacking, and community building. Narine is currently the Director at Yerevan Chapter of Startup Grind. Previously, she was the Head of Growth at DevTeam.Space, and Head of Marketing and Growth Hacking at TeamViewer.
Dork Alahydoian is a senior digital product and media executive with 20+ years of experience in building and managing cross-functional teams and developing digital products. In the last couple of years, he helped to build the digital subscription business at the New York Times. He is currently an independent digital strategy and product consultant.
Paul Nadjarian is the General Manager at CARFAX service shops division. He is an entrepreneur, product manager and mentor with 20+ years of experience, with extensive background in the auto industry and the internet. Previously he was the Founder and CEO of Mojo Motors Marketplace, Director of eBay Motors Marketplace, and Senior Manager Dealer Solutions at Ford.
Hamlet Azarian has 20+ years of experience of setting up growth strategies in software, retail, publishing, financial, healthcare, and consumer survey and insights. He has been a Senior Growth Advisor in international companies, including DISQO, CBDfx, Swift Engine, and Raydiant Screen Signage. Hamlet is the Founder of Retail Merchant Group, LLC and a Co-CEO at Azarian Brothers Consulting, Inc.
Zareh Baghdasarian has 25+
years of experience of leading growth-focused technology start-up companies. Previously, he was the Chairman, CEO, and Co-founder at Avata Intelligence (acquired by Procore Technologies) and co-founded Monterey Networkshe (acquired by Cisco Systems for $550M). Zareh holds 18 technology patents, and his inventions helped make various companies profitable.
Who can apply?
We are looking for startups that:
– Managed to gain early traction (revenue/user base/launched product)
– Have raised a minimum of $20k funding in the form of grants,
angel, VC financing, or bootstrapping*
– Previously graduated from an incubation/pre-acceleration program*
*not mandatory, but preferable
Team members’ track records
Traction of the startup
Complementarity of the team composition
Selection results announcement
The 1-1 sessions will be conducted remotely*
June 29 - Sep 5
How does the ASA Traction Program differ from the Pre-Acceleration Program?
Our Pre-Acceleration Program works with prototype and MVP stage companies, guiding them through idea validation, customer development, go-to-market strategy development, and pitching. We designed the Traction Program for companies that have already launched products with notable traction. The goal is to increase said traction with intensive mentorship focused on elevating growth hacking, sales, and fundraising.
Is the Traction Program held in-house or remotely?
Following the outbreak of COVID-19, the Traction Program has adopted a hybrid format. 1:1 mentor meetings occur online, while meetups take place in-person with a fully remote option.
Does the Traction Program accept international startups?
The Armenian Startup Academy highly encourages participation from international startups.
What resources and opportunities will be provided during the program?
Selected teams will have access to the wide network of experienced domain professionals from Armenia Startup Academy community located in Armenia and abroad. The teams will be able to take advantage of our cloud infrastructure and service partnerships benefits.
What is the duration of the program?
The ASA Traction Program comprises 10 mentorship weeks followed by a Demo Day.
Where is the Armenia Startup Academy located?
The Armenia Startup Academy is based out of Hero House, a tech and entrepreneurship hub in the center of Yerevan.
What is the tuition fee for startups enrolled in the Traction Program?
Do you request compensation from startups in the form of equity?
We currently do not ask equity of Traction Program participants; this is subject to change for upcoming batches.
Do you invest in the participating companies following Traction Program completion?
While we don’t personally invest, the ASA strives to connect participants with investors and funding opportunities.
Is the Traction Program open to ASA Pre-Acceleration Program alumni?
Who are the mentors involved in the Traction Program?
ASA Traction Program mentors are carefully selected, high-profile professionals and industry experts passionate about improving startups. We look for specialists experienced in B2B sales to Fortune 500 companies, growth hacking for scaled companies, strategic email marketing and sales, etc.