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Startup IncubatorEarly Stage Seed Funding
Armen Grigoryanwww.peerception.info
High Tech Startup is a newly created technological company
Started by 1 or more founders, who has technological background
and vision for product
Is in the phase of research for markets and development
Need some financial help to develop an idea
and prepare a prototype
Early Stage IncubatorsUSA, EUROPE, INDIA
Y Combinator TechStarsLaunch Box
AlphaLab
iVentures10
DreamIT Ventures
Shotput Ventures
Capital Factory
Next Start
Betaspring
SeedRocketMorpheusOpenFund iAccelerator
Application process
Applicants are young, 17-27 years old, and energetic entrepreneurs!
Team consists of 2 or 3 (technical) founders
Project = idea + (optional) product definition + (optional) prototype.
No business plan required.
Team submits a project application
Committee considers to fund selected projects for 10 – 16 weeks
of development
Incubation Process
Optional workspace and legal services. Seed funding in exchange
for 2% - 10% of equity
Mentoring, teaching and providing expert
advices.
Weekly status meeting and dinner
with experts
Connection with the network of angel investors, VC funds and
partner companies
From idea to company!
Spirit of entrepreneurship
Bootstrapping and co-working with smartest people in the field
Financial help is only a small (and not mandatory)
part of the support from incubators
Founders don’t have to spend time and effort on anything
except the actual development
Experts help with vision
Angels network supports further development
Funding size
US average$12.000 - $20.000
3 month5%-7% of shares
India average$10.000
3-4 month10%-15% of shares
Europe average€20.000 - €30.000
3-4 month8%-10% of shares
Incubator’s alumni
• Reddit - social news website
• DropBox - file hosting service
• Away.com - travel and vacation planning
• Loopt - cell-phone based GPS sharing
• Disqus - discussions over the web
• Scribd - document sharing website
• Graphic.ly - comics on the web
• Posterous - simple blogging platform
Startup Perspectives in Armenia
Limited, not well developed funding environment
=
No connections with global angel investors and VC funds network
Limited development and management resources
Local market is in the initial state of evolution
Idea of Armenian Early Stage Incubator
Everything big starts from the small
Call for applications from teams with 2-3 persons
Select some for funding and promotion
Workspace
$1000 - $4000 total
3 month program
for 2% - 10% of shares
Weekly meetings with experts
Connection with US and Europe: IncubatorsCompanies
Angel investors VC funds
Promotion and Marketing
Young, enthuziastic and eager to create?
Respond Now!
Key to success
Spirit of entrepreneurship
Desire to create and innovate
Will to achieve goals
Results to be proud of
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