Blockchain R&D Hub Co-founders and Members of Angel Investor Club of Armenia (AICA) Harutyun Poghosyan and Arman Aleksanian participated in AICA’s kick-off event that took place on October 27-28. A growing non-profit organization, AICA was founded to foster the development of the entrepreneurial environment in Armenia. Members and attendees of AICA present at the event were representatives of the IT sector. Investing as angels in companies they see that have potential, AICA members broaden the companies’ connections, networks and horizon.
Day 1 of the kick-off event was essentially a founders' meeting at Armenia Marriott Hotel with the president of the club greeting all attendees. Introducing the founders, members and investors of AICA, the participants were thoroughly told about what to expect at AICA. The concept of angel investment was presented at the meeting as well, bringing examples of pros and cons, why it’s simultaneously rewarding and risky. Day 2 was dedicated to the business plan pitches, presentations and the conference. The 7 startups that were to dominate the IT field held presentations introducing themselves that was followed by a debrief specifically for investors in order to provide feedback to the startups and announce their interest in investing. Created to help startups and entrepreneurs find business professionals who would invest in their ideas, AICA was successful in doing exactly that.
The aim of AICA is to gather a diverse group of business representatives from all over the world to serve as angel investors and guide companies through the challenging, yet the right path to success. Hopefully, AICA will be able to boost Armenia’s entrepreneurial environment and motivate more startups to take risks to strive for the best. Currently, AICA has 20 members and is gradually growing bigger.
As a member of the club, Blockchain R&D Hub confidently assures that the kick-off event was a success.