The Angel Investor Club of Armenia (AICA) is delighted to sum-up the results of the 1st pitching session that took place on 28th of October, 2018.
The total number of start-up projects applied for presentation were 15. The AICA screening committee chose 7 projects for the 1st pitching session short-list. After working with the chosen 7 start-up groups demo presentations of those projects were organized by the AICA screening committee.
On 28th of October, 2018 the 7 short-listed projects were presented by the entrepreneurs. After presentations, a briefing among AICA investors took place, as a result of which feedback was given to each project. Working groups of AICA members were formed to work with the projects of particular interest.
The result to date is the following: one project, Omega Coding was financed by AICA investors. The deal was completed by the end of December, 2018.
AICA investors are in process of discussing possible funding with another start-up team. More details will be announced once complete.
AICA would like to thank all participants! We hope that this event will have, even if a minor, but a life-changing impact on their projects.