September 30, Yerevan, Armenia—The Union of Advanced Technology Enterprises of Armenia (UATE) has signed a Memorandum of Understanding (MoU) with BANA Angels to collaborate on organizing an Investor Tour during WCIT2024/DigiTec. This partnership offers a unique opportunity for investors from around the world to not only attend the Congress but also explore Armenia’s vibrant startup ecosystem.
UATE Executive Director Sargis Karapetyan and BANA Angels Director Sona Veziryan signed the memorandum, announcing this large-scale event, which offers Armenian startups a unique opportunity to explore new financial opportunities and markets. The presence of international investors can significantly enhance the global visibility of Armenian startups, fostering innovation and partnerships. This will not only help startups expand their geography but also ensure their competitiveness in the international market, contributing to economic development in the IT sector and help them to scale.
“Within this collaboration, we aim at targeting international investors, who will visit Armenia during the WCIT2024/DigiTec events to meet with local startups and explore cooperation opportunities. This is not only important for presenting investment opportunities in Armenia but also for establishing long-term professional connections between international investors and local startups. At the moment, we have already received a large number of applications from investors, many of whom will be visiting Armenia for the first time. This is also an excellent opportunity for us to showcase Armenia’s rich heritage and modern culture. As part of the Investor tour, we have planned excursions to historical landmarks, local cuisine exploration, and participation in traditional celebrations” director of BANA Angels Sona Veziryan noted.
The Investor Tour, being held in Armenia for the first time, aims to introduce international investors to leading Armenian startups, foster collaborations, and build new connections. This event will enhance investments in Armenia and local startups. International investors will visit the most successful tech companies of Armenia, establish cooperation agreements with entrepreneurs, and explore innovative projects that drive regional growth.
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“We are very pleased with this collaboration, as WCIT2024/DigiTec will be held from October 4–7, 2024, in Yerevan, at the Karen Demirtchian Complex. The Congress will emphasize the importance of applied sciences, investment, and technological presence in various regions and economies, centered around the headline “THE POWER OF MIND: AI Beyond Limits, Within Ethics.”
it will not only contribute to the development of the Armenian IT sector but also play an invaluable role in its internationalization and promotion. The Armenian tech sector development is a priority of the UATE, and through this collaboration, many “Angel Investors” will arrive to support the development of local startups by providing new financial resources, expert advice, and opportunities to enter international markets,” Sargis Karapetyan, Executive Director of the Union of Advanced Technology Enterprises (UATE) said.
Over four days, the event will feature a comprehensive high-level program that includes B2B meetings, the WITSA World Cup (WWC) for scaleups from up to 20 countries, innovation exhibits, business presentations, workshops, and more. Designed to attract thousands of local and international delegates, the Congress offers a diverse agenda catering to various stakeholders. Participants will have the opportunity to explore advanced solutions, best practices, and the latest global ICT developments through interactive seminars and specialized panel discussions.
WCIT2024//DigiTec will survey as a global platform, that aims to:
- Showcase the technological potential of Armenia, and beyond, within the framework of the DigiTec Expo, which will serve as the main expo platform for WCIT2024/DigiTec,
- Strengthen the impact of information technology, raising awareness about innovations and the latest developments in AI,
- Represent Armenia on international platforms and position it as a new technological hub for the region,
- Promote investments and highlight the importance of ICT solutions in various regions and economies.
The conference agenda includes participants from a wide geographic area, with more than 2,000 international delegates expected to visit Armenia during the event.
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About BANA Angels: BANA Angels: Founded in 2017, BANA Angels is the first and most active angel network in Armenia, pivotal to the Armenian startup ecosystem with a portfolio of over 31 dynamic startups. Our standout performers include Podcastle (Series A led by Mosaic Ventures), 10Web (backed by Sierra Ventures and AI Fund), and EasyDMARC (Series A led by Radian Capital ). At BANA Angels, we co-invest with esteemed partners such as Sierra Ventures, Point Nine, Berkeley SkyDeck, RTP Global, and Mosaic Ventures, ensuring our startups have access to a powerful and expansive network.
Official website: https://bana.am/
About WCIT: The World Congress on Innovation and Technology (WCIT) is a global catalytic platform of the World Information Technology and Services Alliance (WITSA) – a consortium of over 80 information technology (IT) industry associations from economies around the world. For 40 years, technology leaders—CEOs and investors, policymakers and government officials, academics and technologists—have joined in this annual event to discuss the state of the industry, where it is headed, and what it means for our future. Past speakers include Bill Clinton, Vint Cerf, Bill Gates, Ginni Rometty, Larry Ellison, Anne Mulcahey, Faqir Chand Kohli, and Michael Dell. .
Official website: https://wcit2024-digitec.com/
Facebook: https://www.facebook.com/wcit2024.digitec
About UATE: The Union of Advanced Technology Enterprises (UATE) represents over 160+ high-tech companies in Armenia, including both local and international firms. UATE is dedicated to driving industry growth through key initiatives: establishing comprehensive technology education across Armenia (Armath Engineering Makerspaces), facilitating global market access, and exchanging expertise through organized delegations. Additionally, UATE significantly influences the legal field through policy-making and government cooperation, fostering a competitive yet collaborative business environment.
UATE is renowned for organizing major events that highlight Armenian technological advancements. Notably, it hosted WCIT in 2019 and is set to host it again in 2024, while also annually organizing the DigiTec Expo for nearly 20 consecutive years showcasing innovations to both local and global audiences. Through these efforts, UATE continues to elevate Armenia’s presence in the global tech landscape. .
Official website: https://www.uate.org
About DIGITEC: The DigiTec exhibition is an annual event organized by the Union of Advanced Technology Enterprises (UATE) since 2005, showcasing Armenia’s tech potential, innovation, and prospects. With up to 80,000 attendees each year, the exhibition serves as a platform to explore global technological trends. DigiTec continues to evolve. In 2023, UATE organized two simultaneous exhibitions, each featuring 120 companies and hosting over 100 speakers. By the end of 2023, participating companies facilitated over 100 million AMD in transactions during DigiTec2023.
DigiTec 2024 is scheduled to take place this year from October 4th to 6th at the “Meridian” Expo Center (Voskerichinen 1, Yerevan).
Facebook: https://www.facebook.com/digitec.armenia/
Instagram: https://www.instagram.com/digitec.armenia/
Youtube: https://www.youtube.com/@TheUATE/videos
Official Web site: http://www.digitec.am
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WCIT 2024/DigTec, Head of Communications and PR
