Thursday, October 25 2018 13:38

ArmInfo. Beeline Startup  Incubator summed up the intermediate results of the 2nd incubation  cycle. As the press service of the company told ArmInfo, the teams  worked on their start-ups along with mentors, seminar leaders and  other facilitators.

Verification monitoring of the first month of start-ups was aimed at  identifying their growth and the level of knowledge gained during the  seminars and meetings. According to the results of this monitoring,  eSwap was in the top three. docking and e-commerce management system  in various online stores; TapTap - a travel application containing  game elements and allowing travel without a guide, and LinguaStorm -  The international online platform for teaching 16 foreign languages  through 40 or more courses in all specialties. There were two  startups in the risk zone, and one dropped out of the incubation  cycle. Similar monitoring will be conducted in the next three months.

"Development monitoring is an important part of the educational  cycle. We intend to achieve only an excellent result. The startups  undergoing the incubation cycle must finally be ready to appear  before real investors, and for this you need to do a lot of work. I  am very glad to see how our teams are developing, whom I want to wish  great success, "said Andrey Pyatakhin, CEO of Beeline in Armenia.

To note, Beeline Startup Incubator recruited startups for the 2nd  incubation cycle until September 10th.  Beeline Startup Incubator  helps Armenian startups to take the first steps in the market. They  are provided with a working area, training seminars are organized and  master classes are held on topics such as entrepreneurship,  management, marketing, PR, finance and law. The selected resident  start-ups use the resources and expert advice of Incubator for 4  months. At the end of the cycle, for the start-up participants in the  Incubator, Demo days are organized to present their projects to  selected audiences, namely investors, the media, partners and  experts.

To recall, <VEON Armenia> CJSC (Beeline trademark) is a part of VEON,   one of the world's largest integrated telecommunications services   operators. VEON includes communication companies providing voice   communication and data transfer services on the basis of a wide range   of wireless and fixed communications, as well as broadband Internet   access. The company has more than 200 million subscribers in Russia,   Italy, Ukraine, Kazakhstan, Uzbekistan, Armenia, Georgia, Kyrgyzstan,   Laos, Algeria, Bangladesh and Pakistan. VEON provides services under   the brands "Beeline", "Kyivstar>, <Wind>, <Mobilink>, <Banglalink>   and <Djezzy>.