Sevan Startup Summit 2016 was the first non-formal startup event in the region and the first startup camp in the world.
The head organizer of the summit was the Startup Armenia Foundation, which was supported by the Small and Medium Entrepreneurship Development National Center and one of the most successful Armenian startups GG.
The preparations for the Summit lasted for more than 2 months: a huge amount of work was done to improve the territory and attract potential investors.
And then journey begun
Finally, 35 startups and startupers were selected out of 102 applicants. And on a bright morning of August 18 several buses full of participants headed to a beautiful and cozy nook on the shore of lake Sevan.
On August 21, the 10 best teams participated in the first Startup battle. The winning Skycriptor team received a prize of $5,000.
On August 23, the 2nd Startup battle took place. The Energy Globe team outran 25 other seed startups by receiving a prize of $2,500.
Interesting speeches were made by more than 20 speakers and 3 business trainers who presented the entire cycle of how an idea can be transformed into a successful working business. The Summit hosted the venture fund Granatus Ventures and 4 angel investors. In addition to the Startup battles, a contribution of $30,000 was made by individual investors to the prize fund.
The daily routine was full of different games, sports competitions and other fun activities.
As a result, Sevan Startup Summit 2016 prepared ground for the development of a new educational business platform. A platform, where the teams will have an opportunity to learn, establish new contacts and find common ground for cooperation.