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EPIC Kicks Off Fall 2018 Incubator Program with 9 Startup Teams

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YEREVAN, Armenia ‒ On October 5, the Entrepreneurship and Product Innovation Center (EPIC) at the American University of Armenia (AUA) kicked off the Fall 2018 Incubator Program with a reception to welcome the stellar group of nine startups. The event, held at AUA’s newly inaugurated Student Union, was a celebration of entrepreneurship with AUA faculty, alumni, local and international entrepreneurs, investors, and the startup teams themselves.   

The startups selected to participate in the Fall 2018 Program went through a rigorous application process. Thirty-three teams had applied to what has become a very popular and competitive program. After the initial screenings and interviews, selected applicants were invited to pitch their ideas to an independent panel of judges who then  picked the nine teams accepted into the program.

The EPIC Incubator is a 12-week idea-stage startup incubation program that helps early-stage teams with idea validation and business model creation. During the program, resident teams learn the lean startup framework and receive guidance and mentorship from seasoned entrepreneurs, as well as expert advice from professionals in various business domains.

“It is exciting working with these startups,” stated Professor Michael Kouchakdjian, Director of EPIC. “We have such a variety of ventures this Fall ‒ from internet platforms for financial products, mobile booking of services, and film direction and production, to artificial intelligence, blockchain, and drones. A number of the startup teams have already made considerable progress, while others are just starting with great energy and enthusiasm. All are ready to learn.”

The EPIC Fall 2018 incubator cohort includes, Rido, RenderChain, Internet of Cows, DD, Creatr, FinAssist, BeautyBook, and Edwise. Many of these startups had participated in EPIC’s Start-Up Boost Weekend and received invaluable experience. More detailed information on these ventures will be forthcoming.

The Entrepreneurship and Product Innovation Center (EPIC) is a platform for promoting entrepreneurial education, cross-disciplinary collaboration, and startup venture incubation. EPIC provides an ecosystem for the American University of Armenia’s (AUA) emerging entrepreneurs consisting of first-class facilities and collaborative workspace, programs and events, and a network of mentors, advisors and investors. EPIC fosters the understanding and application of entrepreneurship with students and faculty at AUA to craft high-impact multidisciplinary ventures.


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