Tag Archives: Support to the Armenia-Turkey Normalisation Process: Stage 2

On 2 May, the first ever Armenia-Turkey Investor Day was conducted in Yerevan by the Public Journalism Club of Armenia (PJC) and the Economic Policy Research Foundation of Turkey (TEPAV). The event was held in cooperation with Angel Labs, the world’s first investor accelerator from Silicon Valley, and was organised as part of the “Exchange Entrepreneurs” project, which is a component of the EU-funded “Support to the Armenia-Turkey Normalisation Process: Stage 2” programme.
The event was aimed at promoting the institutionalisation of an angel investors’ network in Armenia, supporting the entrepreneurial ecosystem, connecting entrepreneurs with angel investors, and encouraging the establishment of lasting and profitable relationships between investors and entrepreneurs.
Armenian representatives from the ICT industry and business networks learned about best practice for creating investment networks, the mechanics of angel investing, and favourable legal conditions in Europe and USA. ICT representatives from Armenia and Turkey also discussed investment and start-up prospects in both countries.

ARS_4788Hoa-Binh Adjemian, the Head of Cooperation Section of the EU Delegation to Armenia, welcomed this investment initiative: ‘I’m delightful to be able to represent the European Union at this investment. Europe is a peace project – after overcoming the sufferings of war we are now a peaceful, growing region. This Armenia-Turkey Investor Day is a great chance to support exchange and economic integration. Normalisation and peace in the region will be built on solidarity – this can only happen through mutual opportunities and cultural exchange. I hope you can follow the EU example of laying the foundations of a peaceful future through opportunity and solidarity’.

ARS_4771Seda Muradyan, the Head of the PJC, was heartened by the level of attendance and interest and spoke about the role of angel investors: ‘Angel investors are wealthy individuals who offer capital to start-ups with the potential for fast growth. They are an increasingly important source of capital to companies in the early stage of development. Many angel investors are private – getting them to work via formal networks can be difficult. The objective of our initiative is to support those who are willing to further develop Armenia’s start-ups and investment ecosystem by forming an angel investors’ network. These networks successfully exist around the world – our aim is to introduce the concept in Armenia and Turkey, as well as promote cooperation between “angels” from both countries for joint projects’.

ARS_4850Cansu Sarac, a Political Expert at TEPAV, highlighted the importance of the initiative: ‘Three successful years of the “Exchange Entrepreneurs” project brought us to a point where we have decided that it is now time to focus on other stakeholders within the ecosystem and design a programme for angel investors. We would like to launch a joint angel investors’ network which will finance entrepreneurs and new ideas’.