In order to overcome the economic consequences of the coronavirus, 35 Armenian social enterprises will receive financial support from the EU-Supported COVID-19 Relief Fund.
The amount of funds provided by the European Union to Armenian enterprises within the framework of the initiative exceeds 186 million AMD.
The EU-Supported COVID-19 Relief Fund was launched by Impact Hub Yerevan as part of the Collaborate for Impact regional project. The social entrepreneurship financial support initiative is only one part of a long-term multi-component program.
As a result of the competition, various business initiatives operating in all regions of Armenia were selected, the unifier of which is the social component of the activity.
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“The target of the program is social entrepreneurship. By directing our support to the socially-oriented business community, we not only support small and medium-sized businesses in the region but also provide stability to the social problem-solving processes undertaken by the founders of these enterprises,” said Ani Baboomian, Executive Director of Impact Hub Yerevan.
