IBM ISTC Startup Challenge DemoDay will be held on June 25th. The competition was launched in April this year and lasted 10-weeks, 6 teams will present their ideas and winners will be selected at the DemoDay. SeedStars Yerevan competition will be held in the same place (American University of Armenia, Manoogian Hall), which is organized jointly with Microsoft Innovation Center and Enterprise Incubator Foundation.
More than 40 applications were received for IBM ISTC Startup Challenge and only 10 passed to the competition stage, 6 of which reached the final round. Various workshops were conducted for the teams during these 10 weeks, ranging from concept design and development, through access to the market. The teams used the services provided by the IBM Watson artificial intelligence in their work, which allows them to make “smart” solutions without much effort.
The winning two teams will receive the equivalent of 1,000 USD in cash prizes. And one of the teams will receive a special prize by IBM 120,000 USD IBM Cloud Credits. The best teams will continue their acceleration at ISTC (opening is expected in July).
The winning teams will be selected by two scores, one half of the assessment will be based on the work carried out by the team during 10 weeks, while the other half will be given by the jury after hearing pitching at DemoDay.
IBM ISTC with EIF will carry on the efforts aimed for the development of startup ecosystem in Armenia. In July 2016 the annual IBM Bluemix Hackathon- is expected and in September will begin the first phase of the ISTC Acceleration, already at the new center.