A new venture fund will be created in Armenia next year.

Banks.am received this information from Dom-Daniel Executive Director Artashes Kalantarian within the frames of the Fintegration hackathon in FinTech format, which took place on October 28-29 at Dilijan Training and Research Center, Armenia.

Artashes Kalantarian noted that the new fund will differ from other funds worldwide in this way:

“It will be a combination of accelerator and venture fund, which will aim at finding clever young people and proving to them that regardless of geographic position people with good ideas can succeed, and we will help in realizing these ideas.”