Digitown
About the program
DigiTown - literally a digital town, aims to become a unifying international tech hub in the heart of Armenia. DigiTown will work with local and international organizations to develop and stimulate the growth of IT companies in Armenia with one big goal: provide resources for Armenian talent to implement ideas, boost tech entrepreneurship and empower the Armenian economy.
M1TQ (1st incubator of DigiTown) is a 12-week entrepreneurial program with intensive practical coaching, goal-setting and growing. The program consists of weekly sessions: from buyer persona development and prototype testing, to cash flow forecasting and investment pitching. It is designed for early stage startups with a competitive and marketable idea. 8 teams will be selected to participate in the program with 15+ coaches involved. The program ends with a Demo Day, where startups pitch their idea in front of angel investors, venture capitalists and community leaders with various fundraising opportunities.
The program is organized by Digitain and supported by FAST as a content partner and implementer. Thus, the startup teams will receive access to Digitain’s and FAST’s networks as well as a workspace at Digitain’s new facility.
Who can join
Anyone with a competitive and marketable idea is welcome to apply. The program is designed for early stage startups that aim to enter a validation stage. Startups from but not limited to these fields are welcome to apply: FinTech, EdTech, MilTech, AI, SaaS, GreenTech, e-commerce, and more.
12-week program stages
- Onboarding
- Customer and Market analysis
- Prototype design and testing
- Business development
- Pitching
Selection process
The selection will consist of three stages. Shortlisted candidates will be invited to an interview. After the interview, the best teams will pitch in front of a selection committee. 8 teams will be selected for the program.
How to apply
The applications of M1TQ incubation program are open. The deadline to apply is March 26.