Scout startups across Armenia

Explore startup ecosystems across Armenia and build a clearer view of where new companies are forming.

Armenia

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Startup ecosystem standing

Where Armenia ranks

Rankings that list Armenia
Ranking	Edition	Position	Since last edition	Trust	What it measures
Doing Business (Ease of Doing Business ranking)	Doing Business 2020	#47	Down 6	B	Business Climate
Global Startup Ecosystem Index (countries)	2025	#54	No prior edition	B	Ecosystem, Activity, Finance, Business Climate
Global Innovation Index	2025	#59	Up 4	A	Innovation, Competitiveness, Research, Talent

Positions as published in each edition. The ranking name opens its method and trust notes, the edition opens the full list, and publisher sources are listed below. Trust grades cover method, transparency and whether places are paid for.

12 organizations with a profile

Who's based in Armenia

Incubators 5

Incubator

EIF - Enterprise Incubator Foundation

Promoting ICT growth and innovation in Armenia.

Incubator

COLAB Startup Factory

Collaborative startup development platform.

Incubator

IRIS Business Incubator

Supporting entrepreneurs with comprehensive business services.

The 3 most prominent of 5. Browse all incubators

Venture studios 3

Venture studio

Prime Superiority

Fostering innovation through collaboration.

Venture studio

Inpoint Startup Studio

Building and scaling startups with hands-on guidance.

Venture studio

Aybuben Ventures

Launching and supporting innovative startups.

Accelerators 2

Accelerator

BAAM-ECO

Accelerating for Good.

Accelerator

UNDP ImpactAim Venture Accelerator

Accelerating impact ventures in Armenia.

Investors 2

Investor

Formula VC

Empowering Armenian-origin startups globally.

Investor

Granatus Ventures

Investing in deep-tech solutions for a sustainable future.

Pick what describes you

Your way in

Founders

Raising in Armenia

Investors based here, and the programs that take teams at your stage.

Founder tools

Investors

Finding startups in Armenia

Accelerators and incubators here see the earliest teams first.

Explore dealflow

Scouts

Scouting in Armenia

Campuses and communities are where teams form before anyone funds them.

How scouting works

Become a scout

Published city guides

Cities in Armenia

City

Yerevan

1,093,485 people

Questions about Armenia

How does Armenia rank as a startup ecosystem?

Its best position is #47 in Doing Business (Doing Business 2020). It appears in 3 rankings tracked on Superscout; the table above lists each one.

How many startup investors are based in Armenia?

Superscout has profiles for 2 investors based in Armenia, including Formula VC and Granatus Ventures.

Are there accelerators or incubators in Armenia?

Yes. Superscout lists 2 accelerators, 5 incubators and 3 venture studios based there, including BAAM-ECO, EIF - Enterprise Incubator Foundation and Prime Superiority.

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Scout profile Structured activity

Memo drafted

Submitted

Following

Superscout documents Armenia ecosystem information independently from canonical records and linked sources. Missing facts stay missing.

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Sources and known limits

A reviewed date is not available for this page.

Organizations are placed by their recorded headquarters (Google place, ROR or company record). Only organizations with a Superscout profile are counted, so totals undercount the full ecosystem.

The population value has no measurement date in the canonical record and should be treated as approximate context.

Superscout is not affiliated with, endorsed by, or acting on behalf of the organizations documented here.