Success stories

Dadari toys
Dadari in Tbilisi is much more than just a toy company. Out of the firm’s seven employees, three have learning disabilities. All of the firm's products comply with EU standards. The toys are made from solid wood and painted in organic colours. Dadari was able to expand its business after obtaining 25,000 Georgian Lari - just over €8,000 - from Credo Bank. The mircrofinance was made possible,...
Cyber Mantis Games is one of the winners of Seven Startup Summit 2018
With the help of EU4Business, an Armenian start-up has developed a new video game that it soon hopes to release in all European languages. Cyber Mantis Games developed its game, ' The Last Daredevil' , inspired by the Armenian legend of David of Sassoun. The hack’n’slash game takes the ancient hero and places him in an unexpected cyberpunk setting, making him explore his identity by traveling...
Boosting Technological Developments in Shirak Marz
People from all walks of life have participated in the 'Boosting Technological Development in Shirak Marz' project – an EU-funded initiative implemented under the EU4Business initiative by the Microsoft Innovation Centre in Armenia, and aimed at meeting the demand of local IT companies by training the unemployed youth of Shirak to become junior developers. Of the 80 students who passed the logic...
Fruit Garden of Moldova
Getting the finance to start or develop any small or medium-sized enterprise can be tough at the best of times. In Moldova, it can be especially hard. But are things changing? Business Planet visited Soroca, in the north of the country, to see how farms are benefiting from a special European initiative. AMG Kernel is Europe's biggest walnut farm. It covers 750 hectares and exports nearly 80...
Baku skyline
With the support of the OECD within the EU4Business initiative, Azerbaijan has embarked on the implementation of a wide-ranging reform agenda aimed at diversifying the economy and enhancing the contribution of small and medium enterprises to employment, domestic production and exports. The fall in oil prices in 2015, combined with an economic slowdown in key regional trade partners, led to a...
Volterman co-founder Gevorg Poghosyan during the IMG grant award ceremony in 2017
The idea for the Volterman smart wallet came to Armenian tech entrepreneur Azat Tovmasyan when his daughter Natalie lost her wallet. Combining sleek design and smart technology, that idea has now developed into a prototype wallet packed with digital technology. And EU support is helping the start-up he co-founded to take the product to market. Volterman combines 5 smart functions: a built-in...
At work at staff.am
An Armenian start-up is developing an artificial intelligence recruitment tool that harnesses the power of data and deep learning algorithms to save recruiters' time and boost the hiring process by providing pipeline of targeted quality candidates. This year, the company secured an EU-SMEDA Innovation Matching Grant (IMG), funded by the European Union under its EU4Business initiative, described...
Aram Gasparyan celebrates the launch of his business in Goris
Aram Gasparyan works in printing and production of outdoor advertising boards in the city of Goris in Armenia. Since December 2017, his business has grown from amateur level to specialised production, with the help of EU4Business, through the EU-funded project on 'Boosting the Competitiveness of regional SMEs', implemented by the Small and Medium Entrepreneurship Development National Centre of...
The Embry team at the Vanadzor Technology Centre
An Armenian start-up has developed a unique weight-tracking insole, using smart technology to monitor weight and physical activity. Now, with the help of EU4Business, the company is targeting EU markets for export. According to co-founder Nare Gevorgyan, Embry is unique because it is the first smart insole in the world that automates weight tracking: “ Unlike existing activity trackers and smart...
Ukraine
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A useful tool for sales and a deeper understanding of clients. This was the experience of a Ukrainian businesswoman who took part in the Women in Business programme. A Google search on any company will often provide you with an interesting fact about it. In the case of Zabugor.com, a travel agency in Ukraine, the fact is that it is run by a woman. This really is an interesting fact. For almost a...