ARMENIAN STARTUPS ADVANCE AS ENTREPRENEURSHIP WORLD CUP GLOBAL 100 FINALISTS
Two Armenian startups selected from 100,000 registrations in 200 countries will compete for a share of$1 million prize money and additional investment
Two Armenia-based startups will compete in the Entrepreneurship World Cup (EWC) Global Finals, organizers announced today. They are among the 100 startups known collectively as the “Entrepreneurship World Cup 100 (EWC 100)” that advance to the next stage of the competition.
The Armenian startups joining the EWC 100 are:
- Denovo Sciences, a deep technology company that creates novel therapeutics using state-of-the-art AI technologies
- Zoomerang, an application for creating/editing state of art short-form videos
One hundred startups worldwide will compete in the Entrepreneurship World Cup virtual Global Quarter Finals with winners advancing to the Global Finals on November 17-18 in Riyadh, Saudi Arabia..
The EWC is among the largest and most diverse pitch competitions globally, providing support programs to founders for future advancement. The EWC was launched back in 2019, having supported over 300,000 participants from 200 countries, provided $2 million awards in cash prizes alongside the support and services at the cost of $150 million.
As of 2021, 100,000 registrations have been received from 200 countries. At the National Finals, one thousand startups pitched in front of the jury composed of local entrepreneurship organizations across six continents plus the Middle East. The EWC Global 100 Finals include startups from Africa (11), Asia (26), Europe (22), Middle East (10), North America (13), Oceania (4), and South America (14).
The two national representative startups from Armenia – Denovo Sciences and Zoomerang have gone through the Accelerate 2 stage lasting two months. There were lectures provided once a week, the teams were connected to the special EWC chat group where discussions were held on a regular basis including the ones with the teams who have won in their respective country competitions.
The EWC Armenia National Finals took place on July 24 at Synergy Business Center in Yerevan where the 12 startup teams pitched to win over $100,000 in prizes.