Best Digital Startup

Who Can Participate?

The Best Digital Startup category is open to companies that meet the following criteria:

Company Age:

• The company must be relatively young, operating for no more than three years at the time of application submission.

Industry Focus:

• The startup must offer innovative digital products or services, including:
  • Software solutions (SaaS, PaaS, IaaS)
  • Mobile applications
  • Web services and platforms
  • Business technology solutions
  • AI-driven, machine learning, blockchain, or other advanced technology-based products

Geographic Eligibility:

• The company must be registered in Armenia or actively operating in the Armenian market.

Submission Requirements

To participate in the Best Digital Startup category, applicants must submit the following:

• Project Description – A detailed overview of the digital product or service, including:
  • Name and brief description
  • Project goals and objectives
  • Target audience
  • Unique value proposition (UVP) and competitive advantages
  • Technologies used
• Company Information:
  • Company name
  • Date of establishment
  • Information about founders and team members
  • Contact details
• Business Model:
  • Revenue sources
  • Growth and scaling strategy
  • Marketing and sales plan
• Financials (Optional):
  • Revenue and expense data
  • Investment details (if applicable)
• Presentation (Optional):
  • A brief project presentation in PDF or PowerPoint format.

Evaluation Criteria

Innovation 

• How unique is the startup’s idea?
• Are there similar solutions on the market?
• What new approaches and technologies are being implemented?

Growth Potential 

• How large is the potential market?
• Does the project have scalability opportunities?
• What are the business development prospects?

Business Model 

• Is the business model well-structured and viable?
• Are there clear revenue streams?
• What is the company’s long-term strategy?

Technological Implementation 

• How well-developed is the product?
• Are modern technologies utilized?
• Is the solution stable and secure?

Market Impact 

• Can the project influence the industry?
• Does it solve relevant problems?
• Does it create new opportunities?

Why Participate?

Taking part in the Best Digital Startup category is an opportunity for young companies to:

• Gain recognition and credibility in the industry
• Receive expert feedback and support
• Showcase their innovative solutions to a wider audience
• Contribute to the growth of Armenia’s digital economy

This category highlights startups that are not only disrupting the market but also shaping the future of the digital industry in Armenia and beyond.