Residents of 5th cycle of Beeline Startup Incubator receive  investments and prizes

ArmInfo.The team of Beeline Startup Incubator has already started working with 5 resident startups of the 5th cycle. The startups have registered significant  progress thanks to the intensive classes, discussions and individual  works. This is stated in the official message of the company.  

According to the source, the first major success was the investment  in Forge Fiction startup, made by Business Angel Network of Armenia  (BANA), SmartGateVC and Science and Technology Angel Network (STAN).   The second success was made within the frames of WCIT 2019. Lightning  Rounds startup contest was held in Yerevan for the first time, and 2  of the 6 winners were residents of the 5th cycle of Beeline Startup  Incubator. One of the three first positions was taken by ForgeFiction  (USD 25 000), one of the three second positions - by GebeCert (USD 10  000). The winners were presented with Armenian Tech Community Prize  on behalf of the Armenain IT community.  

"Our incubator attaches special importance not only to providing  knowledge, but also supporting the progress of the startup teams,  which is why we consider successes in similar major events as our  achievements. We will definitely continue supporting the teams,"  Beeline Armenia CEO Andrey Pyatakhin said. 

The goal of Beeline Startup Incubator is to support, with all its  resources, the intensive growth of Armenian startups, ensuring their  access to the international market.  Residents are provided with a  working platform, they undergo trainings and master classes in  business, management, marketing, PR, and also receive answers to  questions regarding the financial and legal segments. The selected  startups take advantage of the incubator's resources, expert  consultations and the opportunity to experiment in an active  entrepreneurial environment.

To recall, VEON Armenia CJSC is now VEON Armenia Holdings B.V.  (Beeline trademark) is part of the VEON group of companies, which is  one of the world's largest integrated telecom operators. The group  includes communications companies providing voice and data services  based on a wide range of wireless and fixed-line technologies, as  well as broadband Internet access for subscribers in Russia, Italy,  Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia,  Kyrgyzstan, Laos , Algeria, Bangladesh and Pakistan. The companies of  the group provide services under the brands Beeline, Kyivstar, Wind,  Mobilink, Banglalink and Djezzy.