YEREVAN, July 19. /ARKA/. Sevan StartUp Summit, an annual summit organized by StartUp Armenia Foundation will be held on July 24 to 31 on the coastal area of Armenia's Lake Sevan with support from Beeline, the company's press office reports.

More than 1,000 participants, including 100 startups and teams of developers, investors, venture companies and mentors have been cooked for the event.   

The event is aimed at creation of new ways for cooperation and experience exchange.  

As in 2016, this year will be held in camps. Various contests, presentations and entertaining events are included in the seven-day program.   

The peculiarity of this year's forum will be Campfire Pitch session, thanks to which more than 20 investors will communicate with developers' teams.  

Andrey Pyatakhin, CEO of Beeline in Armenia, said that the company considers support for development of startups and innovative technologies in Armenia as its mission. 

«We are happy to support this wonderful initiative and to provide the forum with high-speed internet,» he said. «I am convinced that the exchange of positive experience and meetings with potential investors will inspire participants of the summit. I am also sure that such events have only positive impacts on Armenia's economy and improve life.»

Tigarn Petrosyan, director of StartUp Armenia Foundation, on his side, said that cooperation with Beeline will have a positive effect on the forum. 

«Beeline is known for its support provided to significant social initiatives, and we are very pleased to know that Sevan StartUp Summit is now among them,» he said. 

ArmenTel CJSC, a subsidiary of Russian VimpelCom (trading as Beeline), provides fixed and mobile telecommunication services and a high-speed access to Internet. -0—