SME DNC of Armenia Fund


: Aug 16, 2018


Looking for Partnership Looking for Extra EU Funds
About Me

SME Development National Center of Armenia - mandate

“Small and Medium Entrepreneurship Development National Center” Fund (SME Development National Center of Armenia) was established by Government of Armenia in ; SME Development National Center is authorized to provide state support to small and medium entrepreneurship (SME) in the country. The support is provided through implementation of annual SME State Support Programs with resources allocated from State budget.

Since 2002 thousands of SMEs benefited from various support programs designed for start-up and operating companies.

SME Development National Center of Armenia’s activities are targeted at:

  • Ensuring a dialogue between SMEs and state 
  • Increasing efficiency and competitiveness of SMEs
  • Ensuring availability of business development services for SMEs 
  • Expanding the financial opportunities for SMEs
  • Promoting innovations and R&D activities of SMEs
  • Assistance for establishment of new SMEs
  • Supporting internationalization of SMEs’ activities

Technical and Financial Assistance Programs

Technical assistance:

  • Information and consulting on all the aspects of doing business in Armenia
  • Promotion and branding of local products
  • Sales promotion
  • Export promotion
  • Start-up support
  • Supporting in realization of new technology/innovation

Financial assistance

  • Provision of Loan guarantees
  • Equity financing
  • Start-up support
  • Partial subsidizing of credit interest rates

At the moment SME DNC of Armenia has several on going EU funded projects such as COSME: EEN, ERASMUS for young entrepreneurs, Scale up for grow, PRDP, ;

SME DNC of Armenia is widely interested in new funding and grant oppurtunities available for Armenian ;

Keywords and matching areas:

 Entrepreneurship and SMEs
 Development and Cooperation
 Urban Development
 COSME
 Cross-border cooperation
 European Agricultural Fund for Rural Development (EAFRD)
 Horizon Europe

Ideas in Progress

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