An international team of 26 mentors worked with startups during Sevan Startup Summit 2018 on July 22-29.

Assisted by the EU program Support to SME Development in Armenia (EU-SMEDA), the mentors held over 160 meetings with the competing teams.

According to EU-SMEDA team leader Eva Naeher, they help organize the summit for the second successive year.

“We are helping young companies, investors, partners and mentors come together. During this event Sevan went global and more is yet to come. It’s an exciting journey. There is really a great future for Armenian startups,” she said.

Head of the mentors’ team Chuss Lozano added they shared knowledge and experience with the startups throughout the week of the summit.

“Most of the startups are coming with ideas and they need to know how to validate those ideas and get to know how to put their ideas into a business,” he noted.

Lozano also emphasized the fact that this year 40% of the participating startups were from other countries.

Sevan Startup Summit 2018 is co-organised by the EU program Support to SME Development in Armenia (EU-SMEDA).