Alaverdi Hub Team Applies For The Luys Start Armenia Fund To Acquire Funding for Developing Proposal

December 15th, 2015 | Boston, MA, USA

The Alaverdi Hub team applied for Luys Foundation's Start Armenia Fund in the hopes of generating seed funding. If successful, the funding will be used to generate a pop up hub in Yerevan, Armenia with the hopes of testing the model on a more managable and controllable scale. The funding will also enable the creation of infrastructure with local farmers in the Lori Region to support the Artisanal Production facilites which the Hub will House.

The Luys Start Armenia Fund is an entrepreneurship competition and the natural evolution of the Scholarship Program that brings home ingenuity and seeds entrepreneurship in the homeland. Numerous Luys alumni have already founded successful Start-ups of their own, from boutique law firms to investment capital management services. At Luys, we are strong believers that a solid, viable network of start-up companies will perpetuate the long-term sustainability of the Armenian nation. This grant is available only to Luys scholars and alumni who plan to start a business or social enterprise in Armenia. The three winning business plans will be awarded at three levels: $20,000, $10,000, and $5,000.